Skip to main content

HOUSING STARTS FOR NOVEMBER 2017 RELEASED DECEMBER 19, 2017

AN INTERESTING READ:
FOR RELEASE AT 8:30 AM EST, TUESDAY, DECEMBER 19, 2017 MONTHLY NEW RESIDENTIAL CONSTRUCTION, NOVEMBER 2017

Release Number: CB17-206 December 19, 2017 - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for November 2017: 
​
Housing Starts Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,297,000. This is 3.3 percent (±9.1 percent)* above the revised October estimate of 1,256,000 and is 12.9 percent (±11.7 percent) above the November 2016 rate of 1,149,000. Single-family housing starts in November were at a rate of 930,000; this is 5.3 percent (±10.2 percent)* above the revised October figure of 883,000. The November rate for units in buildings with five units or more was 359,000. 
READ FULL
STATISTICS AT

https://www.census.gov/construction/nrc/pdf/newresconst.pdf

Comments

Popular posts from this blog

Pending home sales roar back, suggesting a spring uptick for housing Published: Feb 27, 2019 10:42 a.m. ET

Great read, good news: click on link for more: https://www.marketwatch.com/story/pending-home-sales-roar-back-suggesting-a-spring-uptick-for-housing-2019-02-27    ‘The reopening of the government (was) very beneficial to the market,’ the Realtors say By ANDREA RIQUIER   Bloomberg News/Landov A sale pending sign stands in front of a home in Massachusetts. The numbers:  A measure of pending home-sales jumped 4.6% in January, the  National Association of Realtors said Wednesday . Sales were 2.3% lower than a year ago, making January the 13th straight month of year-over-year declines. What happened:  NAR’s pending home-sales index, which tracks home contract signings, registered at a reading of 103.2 in January after it touched a nearly five-year low in December. Most economists expected the January bounce. And the trade group itself said the reopening from the partial government shutdown brought an expected boost to early-year ...

HOMES SOLD AT FASTEST PACE EVER IN 2017

great news, great read: http://www.builderonline.com/land/local-markets/homes-sold-at-fastest-pace-ever-in-2017_o Zillow: From listing to closing, it took 81 days on average. The fastest-selling market in 2017 was San Jose, Calif., where the typical home sold in 41 days. San Jose also experienced the biggest drop in inventory over the past year, with 26.8 percent fewer homes to choose from than a year earlier. Homes in  San Jose  sold fastest last year in October, with a span of just 39 days from listing to closing. Homes sold at their fastest pace on record in 2017–81 days from listing to closing–according to new research from Zillow out Tuesday. That was nine days faster than the year prior. The quickest selling month for the typical home was June 2017, when it took about 73 days for a home to sell, including closing. Since it can take between four and six weeks to close a home sale, that means that the typical home was on the market for around 30 days before goin...

LENNAR POSTS $240 MILLION Q1 PROFIT Despite market 'choppiness,' deliveries and orders surge while backlog slips.

Great Read, click on link for original post: https://www.builderonline.com/money/profits/lennar-posts-240-million-q1-profit_o LENNAR POSTS $240 MILLION Q1 PROFIT Despite market 'choppiness,' deliveries and orders surge while backlog slips. Lennar Corporation (NYSE: LEN and LEN.B), today reported net income of $239.9 million, or $0.74 per diluted share, for its first fiscal quarter ended February 28, 2019. The gain compared to first quarter net earnings attributable to Lennar in 2018 of $136.2 million, or $0.53 per diluted share. Analysts were expecting a gain of $0.75 per share. A Lennar home. The results included: • Deliveries of 8,820 homes – up 30% • New orders of 10,463 homes – up 24%; new orders dollar value of $4.2 billion – up 23% • Backlog of 17,259 homes – down 2%; backlog dollar value of $7.1 billion – down 7% • Revenues of $3.9 billion – up 30% • Home building operating margins of $384.9 million, compared to $258.1 million • Gross margin on home sal...