AAA forecasts that nearly 120 million people will be traveling over the Christmas season.
American Automobile Association (AAA) Holiday Travel Forecast The American Automobile Association (aka AAA) says that over 119 million people will be traveling this holiday season –a record number. In addition, AAA expects nearly 117 million people will drive to their holiday destinations. AAA calculates the holiday season from Saturday, December 21 to Wednesday, January 1. […]
S&P CoreLogic Case-Shiller reports a 3.9% annual increase in home prices for September.
The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 3.9% annual increase for September, 2024. Their 10-City Composite increased 5.2% and their 20-City Composite increased 4.6%, year-over-year. “Home price growth stalled in the third quarter, after a steady start to 2024…The slight downtick could be attributed to technical factors as the […]
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 […]
A Florida couple is accused of fraudulently obtaining homes through a scam that cost less than $1.
The NY Post Reports Florida Couple Allegedly Stealing Homes with Shockingly Easy Scam The NY post is reporting that a Florida couple has been arrested and charged with stealing properties from homeowners using an amazingly easy scam that costing less than $1 to pull off. According to reports, the couple allegedly forged quitclaim deeds on […]
September saw a 1% decrease in existing home sales.
National Association of Realtors Reports Decrease in Existing Home Sales The National Association of Realtors latest report reveals a 1% decrease in existing home sales in September, with a seasonally-adjusted annual rate of 3.84 million – marking a 3.5% decline year over year. Total housing inventory at the end of September was 1.39 million units, […]
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 […]
Inflation has increased by 2.5% compared to the previous year.
Consumer Price Index Increases by 0.2% in August, 2024 The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in August, 2024 (same as July). The all items index was up 2.5% for the 12 months ending in August. The index for shelter rose 0.5% […]
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 […]
Inflation has increased by 2.9% compared to the previous year.
The U.S. Bureau of Labor Statistics has recently released a report stating that the Consumer Price Index for All Urban Consumers (CPI-U) saw a 0.2% increase in July 2024. Over the past 12 months leading up to July, the index has risen by 2.9%. One significant contributor to this increase was the 0.4% rise in […]