Items Tagged with 'Census Bureau'

ARTICLES

  • Multifamily projects propel housing starts

    Single-family construction falls behind, again
    Housing starts increased 1.5% in October, propelled by the multifamily sector, according to the latest report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. One expert said this report is a stalemate between the demand and supply sides of the market, which are moving in different directions right now.
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  • Redfin: Homes keep getting cheaper

    In October, the number of homes dropping in sale price reached an 8-year high
    In October, home-sale prices climbed 4.5%, however the percentage of listings that experienced a price drop of more than 1% reached an 8-year high, according to new data from Redfin. Redfin Chief Economist Daryl Fairweather said home sellers are realizing buyer demand isn’t what it used to be and are lowering their prices.
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  • Rent just hit an all-time high… again

    Rents just keep on climbing
    With more and more renters feeling the affordability crunch, there seemed to be some light on the horizon recently with the steady rise in rents appearing to finally slow down over the last few months. Nevermind. As it turns out, rents are still going up and just hit an all-time high, again.
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  • New home sales fall, highlighting Southeastern storms' impact

    Sales of new single-family homes down 13.2% from last year
    New home sales declined in September, according to the latest report from the Census Bureau and the Department of Housing and Urban Development. Zillow Senior Economist Aaron Terrazas said today’s disappointing new home sales numbers can be attributed to September storms in the Southeast and increasing homebuilding costs.
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  • Multifamily volatility drags down housing starts

    Single-family construction remains solid
    Housing starts decreased 5.3% in September, according to the latest report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Scott Volling, Principal, PwC said regional results indicate that weather may have had an impact on housing starts.
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  • Redfin: Supply of for-sale homes surge in the West

    San Jose experienced the largest year-over-year supply increase across U.S. metros
    Redfin reports after more than six years of tight supply and surging home prices, the third quarter of 2018 has been a critical moment for the housing market in many West Coast metro areas. Notably, San Jose experienced the largest year-over-year supply increase across the country.
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  • New home sales increase, but remain underwhelming

    Despite 3.5% uptick in August, numbers are lackluster
    Sales of new single-family houses increased 3.5% to 629,000 in August, up from July’s 608,000 sales and 12.7% above sales in August last year. Zillow Senior Economist Aaron Terrazas said it’s a sign of the times that what might normally be seen as lackluster new home sales is likely to be warmly received.
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  • Decreasing home sales reveal an underwhelming market

    Zillow Senior Economist Aaron Terrazas thinks the market is in trouble
    New home sales decreased in July as the market continues to remain relatively static, according to the new report from the Census Bureau and the Department of Housing and Urban Development. Zillow Senior Economist Aaron Terrazas said that home sales once again disappointed expectations, indicating that the market is in trouble.
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  • Decreasing home sales signal homebuilder pessimism

    New home sales decrease 5.3% in June
    New home sales decreased in June but slightly increased from last year, according to the new report from the Census Bureau and the Department of Housing and Urban Development. Zillow Senior Economist Aaron Terrazas questions if sputtering permits in the first half of 2018 could possibly reflect growing homebuilder pessimism.
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  • Housing construction modestly grows despite rising costs

    Lumber costs deterring growth
    Although construction slightly increased in May, construction prices prove to be a deterrence to growth, according to the latest report from the U.S. Census Bureau. One expert states that more jobs could possibly lead to an increase in production, however, builders are still worried about the increase in construction prices.
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