Last week, we shared some positive news about residential construction in the U.S. For July, sales of new single-family houses topped 901,000, 13.9 percent above the revised June 2020 rate of 791,000. July’s numbers were also an impressive 36.3 percent above the July 2019 rate of 661,000 units sold.
July Construction Spending Offers Some Optimism, Some Stagnation
Posted
September
03,
2020 by
Bill Walker
Shiny and New: New Home Sales Continue Upward Trajectory
Posted
August
27,
2020 by
Bill Walker
The housing market offers one of the few bright spots in the U.S. economy with homebuilders seeing record-setting sales numbers. The U.S. Census Bureau and U.S. Department of Housing and Urban Development released July’s new home sales data this week that bolsters this trend.
Building Confidence: Residential Construction Shows Signs of Hope
Posted
July
23,
2020 by
Bill Walker
On Friday, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development released their Monthly New Residential Construction Report for June, and it reveals some hopeful data. All of the report’s top-level numbers were moving in the right direction, up over May’s stats — some substantially. But as a reality check on the...
