Tag Archives: U.S. Census Bureau

HUD and the Census Bureau have reported privately‐owned housing starts were up in November 2023, nearly 15% above October 2023’s totals.

U.S. housing supply jumped to 7.8 months at the current sales rate in August, the highest measure recorded since March 2023, as the inventory of completed homes for sale continued to climb, hitting its highest level since April 2020.

Purchase demand remained strong in August for newly constructed homes, increasing 20.6% compared to a year ago, according to the MBA Builder Application Survey, while the average loan size for new homes increased to $398,092.

According to the U.S. Census Bureau, privately owned housing units counted by the number of building permits issued in July were at a seasonally adjusted annual rate of 1,442,000. This number is slightly above the revised June rate but still 13% below the July 2022 rate of 1,658,000.

By reviewing U.S. Census Bureau data, researchers have ranked the nation’s most “house poor” cities, where homeowners are spending more than 30% of their income on housing costs.

HUD and the Census Bureau report that privately-owned housing units recorded an annual rate of 1,440,000 units in June, down from 922,000 reported year-over-year.

The numbers are in from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, and the news is good—at least on a short-term scale.

“Overall credit performance remains solid for higher credit quality borrowers, but that is in an economy with unemployment rates below 4%,” Freddie Mac said in their report.

An analysis of U.S. Census Bureau data has found that the nation’s homeownership rate stood at 63.1% in 2020, the lowest total reported since 1970.

A new study has found that eviction/foreclosure-related moves rose 56% from 2021 to 2022, with California, Florida, and Massachusetts experiencing the highest increases.