Items Tagged with 'U.S. Census Bureau'


  • New home construction sets strong pace for 2018

    On track for strongest year since housing crisis
    Housing starts increased in January, starting 2018 off at a strong pace; however, it is unclear if that pace will continue. While some experts are predicting a booming year for housing starts, others say January’s pace could have been better.
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  • Homeownership rate reaches highest level in three years

    But remains historically low
    The national homeownership rate reached its highest level since the fourth quarter of 2014, but while the rate has been steadily rising since 2016, it still remains historically low. But there is one population which stands above the rest with its homeownership rate increase.
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  • New home sales 10-year high baffles economists

    What waiting one month could mean for new home prices
    New home sales surged in September, rising at their fastest pace in 10 years and baffling economists. While some experts gave various opinions for the possible reason for the increase, they were all shocked as the data seemed to predict a decrease in new home sales.
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  • New home construction suddenly slows in September

    Hurricanes don't account for the drop seen in Western states
    Overall, housing starts decreased in September, however, single-family housing completions showed double digit growth. But after the slight dip in housing starts in August, September’s decrease in building permits suggests this drop may be the start of a new trend.
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  • New home sales decrease to new 2017 low in August

    Median home price plummets
    New home sales in August decreased to a seasonally adjusted annual rate of 560,000, a new low for 2017. However, housing inventory also increased, reaching 6.1 months at the current sales rate. But this uptick in new homes for sale did not bring the housing market to equilibrium, but rather, helped make up for the lack of existing homes for sale.
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  • Increase in minority income pushes homeownership rate higher

    Rising income reduces effect of rising home prices
    Real median household income in the U.S. increased for the second year in 2016, and hit the highest level ever recorded. Two minority household segments saw the highest increases, which could explain the surging homeownership rates seen last year among Hispanics.
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  • Here are the top 10 metros where Millennials are moving

    Fargo is just one of the surprises
    Data from the U.S. Census Bureau shows Millennials do not move as often as young people from previous generations. In fact, data from the U.S. Census Bureau shows the mobility rate for young people currently sits at the lowest rate in 50 years. But for Millennials who do choose to migrate, here are the top 10 metros where they are moving.
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  • New home sales drop in July

    But home supply nears equilibrium
    New home sales plummeted in July from the month and year before. However, despite the falling sales pace, home prices still increased. Housing supply, however, showed improvement as it continued its upward course.
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