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

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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

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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

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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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