New-home sales dropped 6.9% in January

Sales of new single-family homes dropped 6.9 percent from December to January and were down 4.1 percent year-over-year, according to the Census Bureau.

Housing starts rebound from December, still down annually

Privately owned housing starts increased 18.6 percent from December 2018 to January 2019 but was still 7.8 percent lower than January 2018, according to the most recent statistics from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Housing starts were reported at a seasonally adjusted rate of 1,230,000, of which 926,000 were single-family homes. 

Homeownership Rate Ticks Up

At the height of real estate season, the homeownership rate ticked up. According to Census data, the homeownership rate has risen to 64.3 percent—a departure from the first quarter of 2018, when the homeownership rate was 64.2 percent, as well as the second quarter of 2017, when the rate was 63.7 percent. For the all-important […]

The post Homeownership Rate Ticks Up appeared first on RISMedia.

Housing Starts: Ground-Breaking in June Plummets

Home-building in June sharply slid, with overall starts toppling 12.3 percent, and single-family starts tumbling 9.1 percent, according to the Commerce Department. Housing starts totaled 1.17 million, with 304,000 multifamily (five or units or more) starts and 858,000 single-family starts. Additionally, approvals for builds fell 2.2 percent to 1.27 million permits; however, approvals for single-family […]

The post Housing Starts: Ground-Breaking in June Plummets appeared first on RISMedia.

Washington and Texas are the top destinations for millennial movers

Millennials are flocking to smaller cities in large numbers and abandoning major metropolises like New York and Los Angeles, according to a new study from SmartAsset, a tech-based financial education company.

Appreciation Linked to Population Rise

Appreciation and demand go hand in hand, and for investors, both are key to profit, according to a new report. Assessing the association between growing interest and mounting prices, analysts at HouseCanary found that appreciation is higher where inbound migration numbers are swelling. Boise, Idaho, for example, has had a high influx of new residents, […]

The post Appreciation Linked to Population Rise appeared first on RISMedia.

Homeownership Rate Roadblocked

…And That’s Not a Bad Thing With distressingly low supply and unprecedented price surges, the homeownership rate is stalling: 64.2 percent in the first quarter of 2018, according to the government—no improvement quarter-over-quarter, and negligible progress year-over-year. Is the nonstarter worrying? In the first three months of 2017, the homeownership rate was 63.6 percent; in […]

The post Homeownership Rate Roadblocked appeared first on RISMedia.

New home sales up 4 percent in March, reversing recent declines

New home sales are finally on an upward path, after three months of month-over-month declines. According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD)…

New home sales up 4% in March, reversing recent declines

New home sales are finally on an upward path, after three months of month-over-month declines. According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD)…

Fascinating map shows how U.S. grew and moved over time

Benjamin Schmidt, an assistant professor of history at Northeastern University, created the database after stumbling upon Jacob Alperin-Sheriff’s work updating historical city populations on Wikipedia …