Archive for U.S. Commerce Department

We Present the Presents of Positive Housing News

What is this, a holiday week? The housing industry has received the gifts of good news this week on housing starts, existing-home sales, and now, new-home sales. The sale of newly built, single-family homes in November rose 1.6 percent to a seasonally adjusted annual rate of 315,000 units, the U.S. Commerce Department reported Friday. This [Read More]

December 23, 2011 | Author: Tracey | Comments: (0) | Categories: Economy, New Homes

Rental Demand Spurs New Construction

Yesterday, Chicago Real Estate Forum shared some positive news about builder confidence in the market for newly built, single-family homes. Today, the good news continues. According to figures released by the Commerce Department on Wednesday, housing starts across the country increased 15 percent in September, the strongest pace of residential construction since April of 2010. [Read More]

October 19, 2011 | Author: Tracey | Comments: (1) | Categories: Economy, New Homes

New Housing Starts Post January Jump

U.S. new home construction rose to its highest level last month since September, thanks to a huge surge in multifamily housing. The U.S. Commerce Department released figures Wednesday to show that nationwide housing starts increased 14.6 percent in January to a seasonally adjusted rate of 596,000 units. The gain was due entirely to an increase [Read More]

February 17, 2011 | Author: Tracey | Comments: (0) | Categories: Economy, Single Family Homes

Housing Starts Down but Building Permits Up

Yesterday, Chicagoland Real Estate Forum reported that builder confidence in new home construction improved slightly this month. Today, the U.S. Commerce Department had good news and bad news on new construction. Let’s get the bad out of the way: U.S. housing starts fells 11.7 percent in October to 519,000, the lowest level in 18 months. [Read More]

November 17, 2010 | Author: Tracey | Comments: (0) | Categories: Economy, Single Family Homes

Lots of Positive News on New – and Existing – Homes

Good real estate news is so nice to have these days, and we have a bunch of it involving the month of September: *New home sales were up *New home prices were up *Existing home sales were up *New home inventory was down *Existing home inventory was down According to the U.S. Commerce Department, the [Read More]

October 27, 2010 | Author: Tracey | Comments: (0) | Categories: Economy, Featured, Single Family Homes

New Home Starts Rise to a Five-Month High

More positive news for new home construction. The U.S. Commerce Department reported today that residential construction rose last month to its highest level since the federal home buyer’s tax credit ended in April. Though analysts had expected a decline, housing starts actually increased 0.3 percent in the month of September to a seasonally adjusted annual [Read More]

October 19, 2010 | Author: Tracey | Comments: (0) | Categories: Economy, Single Family Homes

New Homes Sales Hit New Record

I try to shield my Chicagoland Real Estate Forum readers from bad news, but when it’s a record, I gotta let you know. Something tells me this news isn’t going to surprise you, anyway. The U.S. Commerce Department released a report this week showing that nationwide sales of new homes fell 12.4 percent in July [Read More]

September 05, 2010 | Author: Tracey | Comments: (0) | Categories: Economy, Single Family Homes
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