Items Tagged with 'Census Bureau'

ARTICLES

  • Sales of new homes drop 6.9% in April from March's 11-year high

    The level remains 7% higher than a year ago
    Sales of new houses dropped in April from an 11-year high in March, according to a report from the Census Bureau and the Department of Housing and Urban Development. New-house sales fell 6.9% to a 673,000 annualized pace last month from March’s upwardly revised rate of 723,000. Even with the decline, April’s level sits 7% higher than a year ago.
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  • U.S. Homeowner Vacancy Rate: It’s back to the 90s

    Rate of 1.4% is the lowest since 1994
    Remember when O.J. Simpson fled police in his white Ford Bronco? Or, when figure skater Nancy Kerrigan was clubbed in the knee in the “whack heard round the world?” If you go by home vacancy data released today by the Census Bureau, we’re all the way back to 1994 when those events happened. The rate of vacant homes dropped to 1.4%, the lowest level in almost a quarter of a century.
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  • Falling mortgage rates propel 4.5% growth in new home sales

    Sales rise 3% above 2018 levels
    In March, new home sales rose 4.5% from February’s revised rate of 662,000, according to the latest report from the Census Bureau and the Department of Housing and Urban Development. Despite this growth, Navy Federal Credit Union Corporate Economist Robert Frick says there are still far too few homes being built.
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  • Bloomberg: This is how the West Coast is benefiting from the housing market slowdown

    San Jose's inventory jumped 55% year-over year in the first quarter of 2019
    This year’s spring homebuying season has shifted towards the favor of homebuyers, heating up the nation’s tightest housing markets. In fact, according to a recent article from Bloomberg, inventory in previously hot areas like California is piling up, giving potential buyers an extra edge.
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  • New home sales fall further than anticipated to 6.9%

    Sales fall 4.1% below 2018 levels
    New home sales cooled off in January, according to the latest report from the Census Bureau and the Department of Housing and Urban Development. However, Navy Federal Credit Union Corporate Economist Robert Frick said with mortgage rates retreating, prices moderating and some improvement in supply on the way, 2019 may develop into a much better home hunting ground.
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  • New home sales rise 3.7% in December, signaling promising spring home buying season

    But level still remains 2.4% below 2017 levels
    New home sales rose 3.7% in December 2018, according to the latest report from the Census Bureau and the Department of Housing and Urban Development. Realtor.com Chief Economist Danielle Hale said some housing indicators, such as mortgage applications and pending home sales, are starting to show signs of life, suggesting that some thawing could be ahead as we approach spring home buying season.
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  • New home sales rose 16.9% in November, but were still down from 2017

    Sales of new single-family homes down 7.7% from 2017
    After experiencing the longest recorded partial government shutdown in American history, the Census Bureau and HUD finally released November’s new home sales data. According to their data, new home sales rose 16.9% in November. However, Zillow Senior Economist Aaron Terrazas said that even after an autumn that proved stronger than first reported, new home sales were poised to end 2018 down decidedly from a year ago.
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  • New home sales retreat, signaling trouble ahead

    Sales of new single-family down 12% from last year
    New home sales retreated in October, according to the latest report from the Census Bureau and the Department of Housing and Urban Development. One expert said this report makes it clear that we are well into a correction period for the new home market.
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