The population of the United States experiences growth in all regions.
Recent Growth Trends in U.S. Cities Recent data from the U.S. Census Bureau says cities of all sizes grew on average from 2023 to 2024 with Southern & Western cities experiencing accelerated growth. Across the country, cities with populations fewer than 5k grew by 0.3% on average, compared with average growth rates of 1% for […]
Record High Number of House Sharing Households Reported
The Rise of House-Sharing: A Growing Trend Among All Age Groups According to recent research from the NAHB’s Eye on Housing, a record-high 6.8 million households shared their housing with unrelated housemates, roommates or boarders in 2023. Interestingly, they point out that the number of households sharing housing with nonrelatives had been rising steadily since […]
The way in which Americans allocate their finances
The Impact of Consumer Spending on U.S. GDP The Visual Capitalist says consumer spending represents 68% of U.S. GDP, with much of this used for housing, transportation, and healthcare costs. Today’s graphic shows the average annual expenditures of Americans, based on data from the Consumer Expenditures Survey 2023 by the Bureau of Labor Statistics. Stay safe […]
Housing construction activity surged in February, with housing starts increasing by 11%.
U.S. Housing Starts and Permits Report for February 2025 The U.S. government is reporting that privately‐owned housing starts in February, 2025 were at a seasonally adjusted annual rate of 1,501,000, which is 11.2% higher than January’s revised number and is 2.9% lower than one year ago. February’s rate for units in buildings with five units […]
Construction spending in the U.S. sees a slight increase
U.S. Construction Spending Report The U.S. government is reporting that total construction spending in October, 2024 was at a seasonally adjusted annual rate of $2,174 billion, which is 0.4% higher than September’s revised number. However, October’s revised estimate is 5% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate […]
The homeownership and rental vacancy rates in the United States for the third quarter of 2024 have been reported.
U.S. Government Reports National Housing Vacancy Rates for Q3, 2024 The U.S. government is reporting that the national vacancy rates for Q3, 2024 were 6.9% for rental housing and 1% for homeowner housing. The national homeownership rate for Q3 2024 was 65.6%. In addition, approximately 89.9% of the housing units in the United States in […]
Home sales in September saw a 4.1% increase compared to the previous month.
New Home Sales Increase by 4.1% in September The U.S. Government has reported that sales of new single-family houses in September 2024 reached a seasonally adjusted annual rate of 738k. This figure represents a 4.1% increase from August’s revised rate and a 6.3% surge compared to the same period last year. The median sales price […]
Construction spending in the U.S. experiences a slight decrease once more in July
U.S. Construction Spending in July 2024 The U.S. government is reporting that total construction spending in July, 2024 was at a seasonally adjusted annual rate of $2,162.7 billion, which is 0.3% lower than June’s revised number. However, July’s revised estimate is 6.7% higher than one year ago. Residential construction came in at a seasonally adjusted […]
Construction spending in the U.S. experienced a slight decrease once again in June.
The U.S. government has reported that total construction spending in June 2024 was at a seasonally adjusted annual rate of $2,148.4 billion, which is 0.3% lower than May’s revised number. However, June’s revised estimate is 6.2% higher than one year ago. Residential construction was at a seasonally adjusted annual rate of $928 billion in June, […]
Construction spending in the U.S. experienced a modest decrease in May.
According to a report from the U.S. government, total construction spending in May 2024 reached a seasonally adjusted annual rate of $2,139.8 billion, marking a 0.1% decrease from the revised April figure. However, the revised estimate for May shows a 6.4% increase compared to the previous year. Residential construction was at a seasonally adjusted annual […]