Tag: Housing Data

Inventory availability and mortgage rates are a limitation for home buyers as existing home sales fell in July, according to the National Association of Realtors (NAR).

As mortgage rates continue to rise and housing demand slows, builder confidence is waning. A drop in July housing starts was the first in seven months.

Economic conditions are still iffy at best. Housing data continues to suffer with new home sales plunging and inventory reaching the highest it has been since 2009. The Richmond and Kansas City Fed manufacturing indexes both plunged in July as well. The Richmond Fed’s manufacturing skill availability index, which indicates the demand for skilled labor […]

Sales of new and existing homes retracted in April, now in line with mid-2020 levels, according to recently released data from the US Department of Commerce and National Association of Realtors. New home sales slipped to 591,000 units in April, down 17% compared to the previous month. The last time new sales were this low […]

April housing starts fell 9.5% to a seasonally adjusted annual rate of 1.57 million units, following March’s fastest climb since June 2006. Soaring construction costs and home prices were blamed for the April decline. Single-family starts plunged 13.4%, although multi-unit homes gained 4%, said the U.S. Census Bureau and the U.S. Department of Housing and […]

Housing starts in June jumped 17.3 percent from May to a seasonally adjusted annual rate of 1,186,000. Single-family starts jumped 17.2 percent and multi-family construction leapt 18.6 percent. Regionally, housing starts soared 114.3 percent in the Northeast and climbed 29.3 percent in the Midwest and 20.2 percent in the South. Housing starts declined by 7.4 […]

Housing starts plummeted 30.2 percent in April compared to March, falling to a seasonally adjusted annual rate of 891,000 and the lowest level since 2015. Compared to April 2019, starts tumbled 27.9 percent, said the U.S. Census Bureau and the Department of Housing and Urban Development. Building permit authorizations were at a SAAR of 1,074,000, […]

I have been spending time looking at market momentum, lead times (real, not from our survey), who is buying and who is not (and why), and what the market should be concentrating on over the next couple of months (not just today). I am going to start with comments I got from a couple of […]

S&P Dow Jones reported that the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index gained 3.3 percent in October, compared to 3.2 percent in the previous month. The 20-City composite posted a 2.2 percent year-over-year gain, while the 10-City composite rose 2.2 percent. “October’s U.S. housing data continue to be reassuring,” says Craig J. […]

The S&P CoreLogic Case-Shiller Indices showed annual home price gains dipped below 6.0 percent for the first time this year posting at 5.8 percent, indicating price gains may be weakening. After seasonal adjustment, the National Index rose just 0.6 percent month-over-month. The 20-city Composite eased downward 0.4 percent from July to register a 5.5 percent […]

Sales of both new and existing homes declined in July as higher prices impacted affordability for buyers. Existing home sales fell for the fourth consecutive month in July, dipping 0.7 percent to a seasonally adjusted annual rate of 5.34 million. Sales are 1.5 percent below a year ago, said the National Association of Realtors. Sales […]

Housing data was mostly flat in July with housing starts up just 0.9 percent to a seasonally adjusted annual rate of 1,168,000 units. Data from HUD and Commerce show single-family housing starts increasing 0.9 percent and multifamily housing 3.1 percent. Regionally, housing starts fared better in the Midwest and South, increasing 11.6 percent and 10.4 […]

Sales of new single-family homes dropped in January to a seasonally adjusted annual rate of 593,000, according to the latest Department of Commerce data. January sales were 7.8 percent below December and 1 percent below the January 2017 rate. During the last three months, the average sales rate was 644,000. The median sales price was […]

New residential building permits surged 5.7 percent month-over-month in August to a seasonally adjusted annual rate of 1.3 million, according to the latest report from the Commerce Department. Single-family authorizations dipped 1.5 percent, but permits for housing of five units or more jumped 22.8 percent. Gains in August were concentrated in the Midwest and West, […]

Home prices in August rose by 5.3 percent annually in August according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price Index. The 20-city composite gained 5.1 percent annually. Portland, Seattle and Denver drove gains during the past seven months. On a month-over-month basis the National Index showed a 0.5 percent increase in August. […]

The following article on the hot rolled coil (HRC), busheling scrap (BUS), and financial futures markets was written by Dave Feldstein. As Flack Steel’s director of risk management, Dave is an active participant in the hot rolled coil (HRC) futures market and we believe he will provide insightful commentary and trading ideas to our readers. […]

Housing starts plummeted in March, according to Commerce Department data. Housing starts fell 8.8 percent to a seasonally adjusted annual rate of 1,089,000, well below economist projections. Housing permit authorizations also declined in March by 7.7 percent, indicating a cooling of momentum during the housing construction market’s busiest season. Single family housing starts were at […]

The article below is normally published to our Premium members as a supplement to the Executive write up. The author is Peter Wright who produces a number of articles for both our Premium and Executive level newsletters. Peter is also one of our Steel 101 instructors where he shares both his marketing and metallurgical knowledge […]

Residential construction is beginning the new year with slower momentum. A blast of winter weather in the Northeast slowed construction starts in January after a warmer than usual December. The Commerce Department reports U.S. housing starts fell 3.8 percent from December to a seasonally adjusted annual rate of 1.099 million in January, the lowest rate […]

Each month the Commerce Department issues its Construction Put in Place (CPIP) data, usually on the first working day covering activity two months earlier. August data was released on Thursday October 1st. Construction Put in Place is based on spending work as it occurs, estimated for a given month from a sample of projects. In […]

Each month the Commerce Department issues its Construction Put in Place (CPIP) data, usually on the first working day covering activity two months earlier. July data was released on Tuesday September 1st. Construction Put in Place is based on spending work as it occurs, estimated for a given month from a sample of projects. In […]

Each month the Commerce Department issues its Construction Put in Place (CPIP) data, usually on the first working day covering activity two months earlier. June data was released on Monday August 2nd. Construction Put in Place is based on spending work as it occurs, estimated for a given month from a sample of projects. In […]

Each month the Commerce Department issues its Construction Put In Place (CPIP) data, usually on the first working day covering activity two months earlier. May data was released on Wednesday July 1st and historical data was revised back to January 2013. Construction Put in Place is based on spending work as it occurs, estimated for […]

Each month the Commerce Department issues its Construction Put in Place (CPIP) data, usually on the first working day covering activity two months earlier. April data was released on Monday this week. Construction Put in Place is based on spending work as it occurs, estimated for a given month from a sample of projects. In […]

Each month the Commerce Department issues its Construction Put in Place (CPIP) data, usually on the first working day covering activity two months earlier. March data was released on May 1st. Construction Put in Place is based on spending work as it occurs, estimated for a given month from a sample of projects. In effect […]

Each month the Commerce Department issues its Construction Put in Place (CPIP) data, usually on the first working day covering activity two months earlier. February data was released on April 1st. Construction Put in Place is based on spending work as it occurs, estimated for a given month from a sample of projects. In effect […]

The following article is normally produced just for our Premium level members. We are sharing the information today with all of our readers. The article is written by Peter Wright, consultant to Steel Market Update, Gerdau and the State of Wyoming. Peter, who is a metallurgist as well as market specialist, is also one of […]

Sales of existing homes fell to their lowest rate in nine months in January. Sales dropped 4.9 percent to a seasonally adjusted annual rate of 4.82 million according to the National Association of Realtors. The sales decline was widespread, affecting all regions in the U.S. “January housing data can be volatile because of seasonal influences, […]

The following article is normally produced just for our Premium level members. We are sharing the information today with all of our readers. The article is written by Peter Wright, consultant to Steel Market Update, Gerdau and the State of Wyoming. Peter, who is a metallurgist as well as market specialist, is also one of […]

Each month the Commerce Department issues its construction put in place (CPIP) data, usually on the first working day covering activity two months earlier. November data was released on January 2nd. Construction put in place is based on spending work as it occurs, estimated for a given month from a sample of projects. In effect […]