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

US construction spending edges up tiny 0.1% in July

September 1, 2020 9:46 am Leave a comment

U.S. construction spending edged up a tiny 0.1% in July, breaking a string of losses due to disruptions caused by the coronavirus pandemic.

Tagged with: construction spending U.S. Department of Commerce

Wisconsin sees 15th biggest drop in building permits for new residential projects in April (UPDATE)

June 17, 2020 9:09 am Leave a comment

FILE - In this April 2, 2020 file photo, roofers work on April 2 to remove and place new shingles on a house in Warren, Michigan. U.S. home-building activity collapsed in March as the coronavirus spread.
(AP Photo/Paul Sancya, File)

US residential construction rebounded 4.3% in May after showing steep declines caused by shutdowns in response to the coronavirus.

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

April construction spending falls 2.9% as virus upends work

June 1, 2020 1:19 pm Leave a comment

FILE - In this May 27, 2020 file photo, workers build a protective barrier as construction resumed on the New York Islanders' new arena, in Elmont, N.Y. U.S. construction spending fell 2.9% in April with all major sectors dropping as the shutdowns from the coronavirus had a big impact on the construction industry. The Commerce Department said that the April decline followed a basically flat reading in March (AP Photo/Kathy Willens, File)

U.S. construction spending fell 2.9% in April, showing the largest drop in 18 months, with broad declines across all building activity as shutdowns hobbled projects and workers were told to stay home.

Tagged with: Construction construction spending U.S. Department of Commerce