Housing starts took another dive in November, falling another 3.7 percent from the revised October estimate of 1,232,000 starts. Even worse, the seasonally adjusted annual November rate of 1,187,000 starts is 24.2 percent below the 1,565,000 annualized rate of residential construction initiated in November...
There is an old Western expression that a person's mood is "lower than a snake's belly." Well lift up that snake and you just might find a home builder under it. The National Association of Home Builders ( NAHB ) released the results of its monthly survey of builder confidence on this week and found...
Housing starts in August hit the lowest level on an annualized basis since July 1995. The U.S. Census Bureau and the U.S. Department of Housing and Urban Development released a joint report on Wednesday showing that privately owned housing starts in August were at a seasonally adjusted annual rate of...
Two measures of the housing market were released this week and each shows that, at best, builders are remaining cautious; at worst they are showing a bit of despair. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for June reported that builders' confidence in...
Right on the heels of the National Association of Realtors rather glum report on the sale of existing houses during the fourth quarter of 2006 the U.S. Census Bureau and the U.S. Department of Housing and Urban Development released their monthly joint report on housing starts and housing permits for...
The Census Bureau and the U.S. Department of Housing and Urban Development have released October figures on building permits and housing starts and the news is not good. Housing permits were issued at an annual rate of 1,535,000 in October which is 6.3 percent behind the pace in September and down 28...
It's that time again. The National Association of Home Builders (NAHB) and the Census Department have released their monthly reports on the state of the new home industry in consumer terms and the attitude of those who make their living by building the homes. The Census Bureau (U.S. Department of Commerce...