Washington, DC Real Estate
The new construction housing market continues to make gains. Wednesday, the U.S. Census Bureau reported Housing Starts for single-family homes up 5.5 percent in August to a seasonally-adjusted, annualized count of 535,000 units nationwide. The report marks the fifth month of six that single-family starts increased, and marks the highest starts tally since April 2010 -- the last month of that year's federal homebuyer tax credit program. A "housing start" is a new home on which … [Read more...]
Sometimes, the housing data headlines tell just half the tale. The stories on May's Housing Starts figures are proving to be a terrific illustration. Tuesday, the Census Bureau released its monthly Housing Starts report. A "housing start" is a home on which construction has started. The report is separated by property type with a separate count for single family homes such as detached residences and town homes; for multiple-unit homes such as 2-unit, 3-unit and 4-unit structures; and, for … [Read more...]
Tuesday, the government released its March 2012 New Residential Construction report. The report is made up of three sections, each related to a phase of the "new home" market. The report's first part is Building Permits; the second is Housing Starts; the third is Housing Completions. Of the three sections, it's Housing Starts that gets the most attention from the press -- mostly because, of the triad, it's the simplest for a layperson to understand. However, the manner in which Housing … [Read more...]
The new construction housing market continues to show strength across the country. According to the U.S. Census Bureau, Single-Family Housing Starts rose to 447,000 units on a seasonally-adjusted, annualized basis in November -- a 2 percent increase from October. A "Housing Start" is defined as breaking ground on new home construction. November's figures mark the third straight month of Single-Family Housing Starts gains. The new construction metric is now 15 percent above its … [Read more...]
Headlines in newspapers can be misleading -- especially with respect to housing figures. Media coverage of the most recent Housing Starts data serves as an excellent illustration. Wednesday, the Census Bureau released its September Housing Starts report. In it, the government said that national Housing Starts rose 15 percent in September as compared to August 2011, tallying 658,000 units on a seasonally-adjusted annualized basis. The September reading is the highest monthly reading since … [Read more...]
Single-Family Housing Starts fell for the second consecutive month, dropping to a seasonally-adjusted, annualized 417,000 units in August 2011. A "Housing Start" is defined as a home on which ground has broken. We shouldn't put too much faith in the findings, however. Although housing starts were lower last month, as noted by the Census Bureau, the margin of error in the August Housing Starts report exceeded the actual result. From the official report: August's Published Results : … [Read more...]
Single-Family Housing Starts fell to a seasonally-adjusted, annualized 425,000 units in July, according to the Census Bureau. A "Housing Start" is defined as a home on which construction has started and ground has broken. Furthermore, Single-Family Housing Starts were revised lower for both May and June of this year, by 6,000 units and 2,000 units, respectively. The data may be worthless, however. Like in most months, the government's official report states that the Housing Starts … [Read more...]
Sales of newly-built homes surprised Wall Street, jumping 7 percent to an seasonally-adjusted, annualized 323,000 units last month. In addition, the supply of new homes dropped to 6.5 months — a 2-month decrease from October 2010 and the best reading in a year. The report runs counter to recent reports from the National Association of Homebuilders and the National Association of REALTORS® which suggest a looming housing slowdown. April's New Home Sales report runs counter to that … [Read more...]
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