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New home construction shows slight decrease in August; Construction still out pacing sales

By: Dennis Norman

This morning the US Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for August 2009 showing a slight decrease in new home construction activity from July.

The report shows the following:

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New home market showing strength – new home inventory declines

By: Dennis Norman

Dennis Norman

The new home market continue to shows some life coming back to it which should be encouraging news to investors.  This morning the U.S. Department of Commerce released a report showing the sale of New Homes in June were at a seasonally adjusted annual rate of 384,000, an 11% increase from May.  

While [...]

New home construction increases in June

By: Dennis Norman

This morning the US Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for June 2009 showing an  increase in new home construction activity.

The report shows the following:

Building permits issued for single-family residences in June were at an annual rate of 430,000 which is [...]

New home sales increase in May in 3 of 4 regions of US

Dennis Norman

By: Dennis Norman

This morning the U.S. Department of Commerce released a report showing the sale of New Homes in May were at a seasonally adjusted annual rate of 342,000.  this represents a 0.6% drop from Aprils rate of 344,000 and is almost 33% down from a year ago.

Three of the four regions in the [...]

New home construction in U.S. increases in May

By: Dennis Norman

This morning the US Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for May 2009 showing a slight increase in new home construction activity.

The report shows the following:

Building permits issued for single-family residences in May were at an annual rate of 408,000 which is a [...]