New home sales surged in November



Newly constructed home sales saw strong gains in November, rising by 5.2 percent month over month to reach a seasonally adjusted annual rate of 592,000 units

US home ownership rate plunges to 20-year low



The U.S. home ownership rate posted declines across all four regions of the U.S. in the fourth quarter, plunging to its lowest level since the third quarter of 1994.

Median Price for New Homes Soars by 15%



Rising prices may be putting new homes out of reach of more buyers. The median price of a new home sold in the United States climbed 15 percent from a year earlier

Housing Starts Spark Positives for Mixed Bag Economic News



In market news, the Commerce Department’s news of Wednesday showed new housing starts up 2.3 percent in August, the fasted single family home growth rate in several years. However, the overall housing market is still a “mixed bag” of good news and slow economic recovery signs.

Builders Confident as New Home Permits Reach High Point



Following a brief surge at the beginning of the month, new housing starts fell in February by 1.1% according to the latest report from the Commerce Department released on Tuesday. But despite this setback, there are signs of optimism that a recovery is still on the cards, with the number of new home permits issued increasing by 5.1% – the best we have seen in over three years.

5.7% Rise in New Single-Family Home Sales



After seeing sales of new single family homes decline for four straight months, we finally saw a rebound during September, with new home sales in this category rising by 5.7%, according to the Commerce Department. Associated Press reported that one of the biggest reasons for the jump was that builders finally saw sense and reduced […]

Spending on Construction Up 1.4% Last Month



Building companies increased their spending on the construction of new homes and offices during August, following a huge drop in spending the month before, said the Commerce Department earlier this week. According to a report in the Washington Post, spending on construction in the last month rose by 1.4%, and saw modest increases in spending […]

US New Home Sales Struggling to Gain Momentum



Figures just released from the Commerce Department show the housing market is still struggling, as purchases of new homes fell in May by 2.1%, for the first time in three months to 319,000 a year. Builders are facing the problem of nearly 2,000,000 distressed properties, which it is estimated could take three years to sell […]

New Home Builds On The Up



The market for new homes has been picking up some steam in recent weeks with the numbers of new constructions beginning and housing permits awarded rising to their highest levels for five months. The Commerce Department reported yesterday that there was a 3.5% increase in the number of housing starts in May compared to the […]

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