Existing home sales in August inched down 2.0% to 5.88 million, following an upwardly revised 6.00 million in July. … READ MORE >
residential housing
CHART OF THE DAY: New home sales jump 20.7% in March
New home sales in the United States bounced back with a 20.7% increase in March after a surprising 18.2% decline in February, according to Commerce Department data released Friday. … READ MORE >
House of the rising costs: Construction materials surge amid higher demand, supply constraints
Construction material costs have been rising since last June, and the increase is having a big effect on the residential construction industry. Everything from lumber to asphalt to cement to insulation has soared in price as the home building industry has heated up. … READ MORE >
CHART OF THE DAY: Residential construction spending remains robust
Residential spending has been rising since February 2019, increasing by nearly 18% on a year-over-year basis in November. … READ MORE >