Eye On Housing
July Single-Family Permit Gains
Over the first seven months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 681,949. On a year-over-year (YoY) basis, this is a 29.7% increase over the July 2020 level of 525,623. Year-to-date ending in July, single-family permits increased in all four regions. The Northeast region reported the strongest increase of 32.2%, followed by the South... Read More ›
Custom Home Building Share Declines
According to data from the Census Bureau’s Survey of Construction (SOC), the custom home share decreased to 17.8 percent of all single-family homes started in 2020—the lowest the annual custom home share has been since the 2005 re-design of the SOC.  The custom home market consists of contractor-built and owner-built houses—homes built one at a time for owner occupancy on... Read More ›
Mortgage Refinancing Activity Tapers in Latest Month
The last four weeks’ mortgage purchasing and refinancing activities, as reflected in the Mortgage Bankers Association’s (MBA) latest weekly application surveys, shows a general withdrawal of refinancing and a very slight increase in purchasing from the prior month. The 30-year fixed-rate mortgage rate hovered 3 basis points above 3 percent, consistently, for the last three weeks. In the latest week,... Read More ›
CPI Growth Slows in August
In August, consumer prices increased at its slowest pace since February 2021. Prices for several travel-related categories declined in August, as the delta variant spreads. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.3% in August on a seasonally adjusted basis, following an increase of 0.5% in July. Excluding the volatile food and... Read More ›
Number of Bathrooms in New Homes
The Census Bureau’s latest Survey of Construction (SOC) shows changes in the shares of the number of bathrooms and half-bathrooms of single-family homes started in the United States in 2020. The latest data show that 3% of new single-family homes started had one bathroom or fewer, 65% had 2 bathrooms, 25% had 3 bathrooms, and 7% had 4 bathrooms or... Read More ›
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