Thu, Feb 17 2022, 9:52 AM
Residential construction numbers for January were mixed . Permits were up slightly from December but starts fell back from December’s near 12-point ...
Wed, Feb 2 2022, 2:20 PM
Construction spending totaled $1.599 trillion in 2021, an increase of 8.2 percent from the $1.470 trillion spent in 2020. Residential spending, both...
Thu, Jan 27 2022, 10:33 AM
Pending home sales fell for the second month in December and are finishing up the year well below their December 2020 level. The National Associatio...
Wed, Jan 19 2022, 10:53 AM
Residential construction numbers exceeded expectations again in December. Most of the gains, however, came from the multifamily sector. The U.S. Ce...
Mon, Jan 3 2022, 11:29 AM
Construction spending increased slightly in November compared to October and increased its lead year-over-year from the 7.5 percent improvement repo...
Tue, Dec 28 2021, 11:13 AM
With the overall inflation rate becoming a focus of concern, the attention paid to lumber prices over the spring and summer faded to background noise....
Thu, Dec 16 2021, 10:59 AM
Housing starts surged in November to the highest seasonally adjusted rate since March and the second highest in the last 12 months. The U.S. Census Bu...
Wed, Dec 1 2021, 4:55 PM
National spending on construction spending rose slightly in October, but for the second month in a row, the increase wasn't driven by the residential ...
Fri, Nov 19 2021, 12:45 PM
The ink wasn’t dry on Fannie Mae’s October economic forecast when the month’s Consumer Price Index (CPI) was published showing an inflation rate two-t...
Thu, Nov 18 2021, 10:19 AM
Recently the podcast, its link at the bottom of this opening paragraph daily, quoted, “Change in residential lending is mandatory; progress is optiona...
Wed, Nov 17 2021, 10:31 AM
Residential construction numbers were mixed in October. The U.S. Census Bureau and Department of Housing and Urban Development report an increase in c...
Tue, Nov 2 2021, 3:51 PM
Construction spending decreased 0.5 percent from August to September according to data released by the U.S. Census Bureau. Total spending was at a sea...
Tue, Oct 19 2021, 10:36 AM
Both permits and housing starts fell in September following an unanticipated increase the previous month. Where the August gains were driven primarily...
Mon, Oct 4 2021, 10:37 AM
Construction spending in August, both public and privately funded, was essentially unchanged from the prior month. The Census Bureau said total constr...
Tue, Sep 21 2021, 11:36 AM
Residential construction numbers were a surprise again in August. Permits for construction and housing starts were both higher than expected, however,...
Thu, Sep 2 2021, 2:49 PM
The U.S. Census Bureau says July's expenditures on all types of construction was at a seasonally adjusted rate of $1.569 trillion compared to $1.563 t...
Fri, Aug 20 2021, 1:42 PM
Fannie Mae's economists provided a mixed forecast this month. The baseline view of the company's Economic and Strategic Research (ESR) group is for th...
Thu, Aug 19 2021, 5:20 PM
The July report on residential construction from the U.S. Census Bureau and Department of Housing and Urban Development shows that permits increased d...
Mon, Aug 2 2021, 1:27 PM
June was yet another month when the only bright spot in the U.S. Census Bureau's construction spending report was provided by the residential sector. ...
Thu, Jul 29 2021, 11:24 AM
Pending home sales fell back slightly in June after a notable and unexpected 8.0 percent gain in May. The National Association of Realtors® (NAR) said...
Thu, Jul 22 2021, 11:52 AM
Existing home sales snapped a four-month losing streak in June. Sales of pre-owned single-family houses, townhouses, condominiums, and cooperative apa...
Tue, Jul 20 2021, 3:28 PM
Housing starts posted a second straight increase in June while permits continued what has become a long, slow, slide. The U.S. Census Bureau and the D...
Tue, Jul 20 2021, 8:10 AM
Like most recent economic forecasts, that one from Fannie Mae's Economic and Strategic Research (ESR) group for July continues to project a pull-back ...
Thu, Jul 1 2021, 11:27 AM
Construction spending fell off a bit in May, however residential construction remains the strongest sector , accounting for more than half the annuali...
Tue, Jun 22 2021, 1:01 PM
Well, that turned on a dime. Lumber prices, which had risen more than exponentially during the pandemic and were a problem even before, have started d...
Thu, Jun 17 2021, 4:44 PM
Fannie Mae's economists have revised a lot of their forecast from last month as new data has come in. The outlook for the 2021 GDP has been revised mo...
Wed, Jun 16 2021, 10:22 AM
Housing starts recovered in May after falling more than 9 percent in April but permitting had another lackluster month. The U.S. Census Bureau and Dep...
Tue, Jun 1 2021, 12:41 PM
Construction spending inched up in April, but the increase was tempered by a decline in publicly funded projects. The U.S. Census Bureau put the rate ...
Thu, May 20 2021, 4:38 PM
Fannie Mae upwardly revised its GDP forecast for the year from 6.8 percent to 7.0 percent in its May report on economic development. The company's eco...
Tue, May 18 2021, 10:50 AM
Housing starts fell back from the annual rate of 1,733,000 units reported for March. Residential starts in April were down 9.5 percent to a seasonally...
Tue, May 4 2021, 4:54 PM
Nationwide spending on construction edged up fractionally in March, but the big story was the annual gain in residential construction spending, especi...
Fri, Apr 23 2021, 10:32 AM
Existing home sales declined for the second straight month in March. The National Association of Realtors® (NAR) said single-family homes, townhomes, ...
Thu, Apr 22 2021, 10:48 AM
For months, the National Association of Home Builders (NAHB) has been citing lumber prices as one of the headwinds faced by new home builders as they ...
Fri, Apr 16 2021, 11:34 AM
Residential construction recovered in March after a serious decline the prior month. The U.S. Census Bureau and Department of Housing and Urban Develo...
Fri, Apr 2 2021, 11:25 AM
Construction spending, public and private, was at a seasonally adjusted annual rate of $1.517 trillion in February. The U.S. Census Bureau said this w...
Wed, Mar 17 2021, 10:20 AM
It looked last month as though residential construction was about to take off. While starts were down in January, permits surged by 10.4 percent. Buil...
Mon, Mar 1 2021, 4:00 PM
Construction expenditures started 2021 displaying the same imbalance between the growth of residential and non-residential spending that had dominated...
Thu, Feb 18 2021, 10:46 AM
Builders appear to be prepping for a huge spring . While the U.S. Census Bureau and the Department of Housing and Urban Development report that housin...
Tue, Feb 2 2021, 11:06 AM
Public and privately funded construction spending ended 2020 with a 4.7 percent increase over spending in 2019. The U.S. Census Bureau said the combin...
Fri, Jan 29 2021, 11:11 AM
Pending home sales retreated for the fourth straight month in December. The National Association of Realtors® (NAR) said its Pending Home Sales Index,...
Fri, Jan 22 2021, 1:09 PM
Existing home sales resumed an upward trajectory in December. After drifting lower by 2.5 percent in November, breaking a five-month streak of gains ,...
Fri, Jan 22 2021, 1:00 PM
Optimism is running high in Fannie Mae's first Economic and Housing Outlook of the year. The company's Economic and Strategic Research (ESR) team says...
Thu, Jan 21 2021, 10:28 AM
Residential construction finished out 2020 much more strongly than analysts had expected. The U.S. Census Bureau and Department of Housing and Urban D...
Mon, Jan 4 2021, 11:36 AM
Total spending on construction projects in the U.S. rose 0.9 percent in November compared to October. The U.S. Census Bureau estimated that the season...
Thu, Dec 17 2020, 10:30 AM
While housing completions were down, residential construction improved again in November . Permitting was especially strong with a 6.2 percent month-o...
Wed, Dec 16 2020, 9:36 AM
A recent spate of positive news has allowed Fannie Mae to upgrade several pieces of its economic forecast this month. The approval of at least one COV...
Wed, Dec 16 2020, 9:35 AM
Twenty-three housing and economic experts have told the National Association of Realtors® (NAR) they expect the post-pandemic economic rebound to cont...
Tue, Dec 1 2020, 11:39 AM
Total construction spending in October was at a seasonally adjusted annual rate of $1.439 trillion according to U.S. Census Bureau estimates. This was...
Wed, Nov 18 2020, 3:16 PM
Residential construction data for October was mixed. The U.S. Census Bureau and Department of Housing and Urban Development reported that the rate of ...
Mon, Nov 2 2020, 12:37 PM
Overall construction spending was flat in September, held down by a drop in public sector projects. The U.S. Census Bureau said total expenditures dur...
