Items Tagged with 'U.S. Census Bureau of the Department of Commerce'

ARTICLES

  • Homebuilder confidence rises slightly, but cost concerns threaten future growth

    Builder sentiment inches forward one point to 65 in July
    Although homebuilder confidence inched forward one point to 65 in July, many builders still report rising construction costs as a major cause of concern, according to the National Association of Home Builders/Wells Fargo Housing Market Index. NAHB Chief Economist Robert Dietz said while the current low mortgage interest rate environment should be getting more buyers off the sidelines, they remain hesitant due to affordability concerns.
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  • Construction spending retreats 0.8% in May

    Residential construction spending slides 0.7% from the previous month
    Construction spending fell 0.8% in May to a seasonally adjusted annual rate of $1.29 trillion, the first drop in six months, the Census Bureau said. That’s down 2.3% from the May 2018 estimate of $1.32 billion. Outlays for private residential construction fell for the fifth straight month.
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  • Homebuilder confidence weakens as cost concerns mount

    Builder sentiment slides two points to 64 in June
    As cost and labor concerns continue to grow, homebuilder confidence retreated to 64 points in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index. NAHB Chairman Greg Ugalde said while demand for single-family homes remains sound, builders continue to report rising development and construction costs, with some additional concerns over trade issues.
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  • April’s construction spending drops 1.2% from last year

    Residential construction spending falls 0.6% from the previous month
    The U.S. Census Bureau announced that construction spending during April 2019 was estimated at a seasonally adjusted annual rate of $1.3 trillion. Although April’s rate is nearly the same as March’s, the organization revealed April’s spending is 1.2% below the April 2018 estimate.
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  • Construction spending falls 0.9% in March

    Residential construction spending drops 1.8% from the previous month
    The U.S. Census Bureau announced that construction spending during March 2019 was estimated at a seasonally adjusted annual rate of $1.28 trillion, retreating 0.9% from the revised February estimate of $1.29 trillion.
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  • Construction spending retreats 0.6% in December

    December’s spending is 1.6% above the previous year's estimate of $1.27 trillion
    The U.S. Census Bureau announced that construction spending during December 2018 was estimated at a seasonally adjusted annual rate of $1.29 trillion, retreating 0.6% from the revised November estimate of $1.3 trillion. Notably, spending on private construction was at a seasonally adjusted annual rate of $991.2 billion, 0.6% below the revised November estimate of $997.1 billion.
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  • Construction spending rose 0.8% in November

    November’s spending is 3.4% above 2017's estimate of $1.26 trillion
    The U.S. Census Bureau of the Department of Commerce announced that construction spending during November 2018 was estimated at a seasonally adjusted annual rate of $1.3 trillion, rising 0.8% from the revised October estimate of $1.29 trillion.
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  • Construction spending falls for third consecutive month

    Rising interest rates and home prices hinder growth
    The U.S. Census Bureau of the Department of Commerce announced that construction spending during October 2018 was estimated at a seasonally adjusted annual rate of $1.309 trillion, falling 0.1% from the revised September estimate of $1.31 trillion.
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  • Moody's: Homebuilding outlook falls from positive to just ok

    Macro factors and order trends expected to slow growth
    Moody’s Investor Service has lowered its homebuilding outlook from positive to stable, signaling macro factors and order trends are expected to impact future growth. Moody's VP-Senior Credit Officer Joseph Snider said the firm believes that industry revenue growth will be below 10% by 2019.
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