US home construction up a moderate 3.6% in May

June 16, 2021 10:00 am Leave a comment

A carpenter aligns a beam for a wall frame at a new house site in Madison County, Mississippi, on March 16, The pace of U.S. home construction decreased faster than expected in April but the drop came after housing had risen to its highest level in 15 years. The Commerce Department said on May 18 that the pace of construction dropped 9.5% in April to a seasonally adjusted annual rate of 1.57 million units. (AP Photo/Rogelio V. Solis)

U.S. home construction rose 3.6% in May as builders battled a surge in lumber prices that have made homes more expensive.

Tagged with: home construction Residential Construction U.S. Department of Commerce

US home construction falls a surprise 9.5% in April

May 18, 2021 8:01 am Leave a comment

A carpenter aligns a beam for a wall frame at a new house site in Madison County, Mississippi on March 16, 2021. U.S. home construction fell by a bigger-than-expected amount in April but the drop came after housing had risen to the highest level in 15 years. (AP Photo/Rogelio V. Solis)

U.S. home construction fell surprisingly sharply in April though that is follows the biggest jump in 15 years.

Tagged with: Residential Construction U.S. Department of Commerce

US home construction rebounds in March after frigid February

April 16, 2021 8:44 am Leave a comment

A "sold" sign stands on Sept. 25 at a lot as new home construction continues in Westfield, Indiana. Mortgage rates fell for the first time in more than two months as buyers continue to be stifled by high prices and limited supply. (AP Photo/Michael Conroy, File)

U.S. housing construction rebounded strongly in March with home builders recovering from an unusually frigid February that shut down projects.

Tagged with: Residential Construction U.S. Department of Commerce

Feb. US home contract signings tumble, now lag year-ago pace

March 31, 2021 8:50 am Leave a comment

"Sold" signs sit on a lot as new home construction continue in a new neighborhood in Northbrook, Illinois, on Sunday. The number of Americans who signed contracts to buy homes last month fell by the most since last year’s virus outbreak sent the economy into freefall. (AP Photo/Nam Y. Huh)

The number of Americans who signed contracts to buy homes last month fell by the most since last year's virus outbreak sent the economy into freefall.

Tagged with: National Realtors Association Residential Construction U.S. Department of Commerce

US contracts to buy homes decline, still a January record

February 25, 2021 9:59 am Leave a comment

A sale-pending sign is displayed on Sept. 29 outside a house for sale in East Derry, New Hampshire. (AP Photo/Charles Krupa, File)

The number of Americans who signed contracts to buy homes declined again with the number of properties for sale not matching the surging demand in the U.S.

Tagged with: coronavirus National Association of Realtors U.S. Department of Commerce

Red-hot US housing market: January new home sales jump 4.3%

February 24, 2021 3:17 pm Leave a comment

Demand for new homes in the U.S. surged 4.3% in January with the housing market still one of the strongest segments of the economy.

Tagged with: Residential Construction U.S. Department of Commerce

US economy shrank 3.5% in 2020 after growing 4% last quarter

January 28, 2021 8:39 am Leave a comment

People check in at a food bank at the Los Angeles Boys & Girls Club on Dec. 17 in the Lincoln Heights neighborhood of Los Angeles. California's unemployment rate edged up nearly 1 percentage point last month as the state shed more than 52,000 jobs led by the pandemic-hobbled restaurant and lodging industries, the state's beleaguered Employment Development Department reported Friday, Jan. 22, 2021. (AP Photo/Jae C. Hong,File)

Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years.

Tagged with: Joe Biden U.S. Department of Commerce unemployment

US home construction jumps 5.8% in December to 1.67 million

January 21, 2021 9:06 am Leave a comment

A new home under construction in Houston on Sept. 24. The number of newly issued permits to build fresh housing rose 6.2% in November. Housing starts rose 1.2%, and are up 12.8% higher than a year ago, the Commerce Department reported Thursday to an annualized rate of 1.547 million. (AP Photo/David J. Phillip, File)

U.S. home construction jumped 5.8% in December to 1.67 million units, a 14-year high that topped the strongest annual showing from the country's builders in 15 years.

Tagged with: Residential Construction U.S. Department of Commerce

US construction spending jumps 1.3% in October

December 1, 2020 1:38 pm Leave a comment

U.S. construction spending jumped 1.3% in October, again on the strength of single-family home building.

Tagged with: Residential Construction U.S. Department of Commerce

US construction spending up again, rises 0.3% in September

November 2, 2020 11:13 am Leave a comment

A new home under construction on Sept. 24 in Houston. U.S. construction spending increased 1.4% in August, led by a surge in spending on single-family homes. (AP Photo/David J. Phillip)

U.S. construction spending rose 0.3% in September, the fourth straight monthly gain after a coronavirus-caused spring swoon, although a smaller gain than analysts had expected.

Tagged with: Residential Construction U.S. Department of Commerce