Sales of new single-family homes rose 4.1 percent in August to a seasonally adjusted annual rate of 1.050 million units, following substantial downward revisions to the sales rate for the previous three months, according to figures released by the U.S. Commerce Department reported today. The preliminary sales pace was down 17.4 percent from a year ago. mehr...
Total housing starts dipped 7.4 percent in April to a seasonally adjusted annual rate of 1.849 million units, according to figures released by the Commerce Department today. Year-to-date, new-home construction for the first four months of the year was down 0.8 percent from the first four months of 2005. mehr...
After soaring to record levels for three consecutive years, the single-family housing market is gliding toward a "soft landing" in 2006, as rising interest rates, affordability issues and a reduced role for investors/speculators contribute to a softening in demand, according to economists at the National Association of Home Builders (NAHB) Construction Forecast Conference in Washington, D.C. on April 27. mehr...
Sales of new single-family homes were up 13.8 percent in March, following an 11 percent decline the month before, the U.S. Commerce Department reported today. However, sales for the first quarter 2006 were down 9.7 percent from the fourth quarter of 2005, and year-to-date sales were down 8.2 percent from the year before. mehr...
Despite an anticipated year-end slowdown, U.S. home builders set a new record for single-family housing production in 2005, according to figures reported by the Commerce Department. mehr...
