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Home | Tag Archives: Census Bureau

Tag Archives: Census Bureau

Why Do People Move? Census Bureau Answers

Among the 36 million people who moved between 2012 and 2013, a new study from the United States Census Bureau found that the most important reason to move was to find a new/better home or apartment. The study reported that 8 percent cited a desire for cheaper housing, while 5 percent said the most important reason for moving was to be closer to work or for an easier commute.

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New Home Sales Rebound in April

According to estimates released Friday by the Commerce Department, sales of new single-family homes last month were at a seasonally adjusted annual rate of 433,000, a 6.4 percent improvement over March’s upwardly revised rate of 407,000. March sales were originally reported at 384,000.

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New Home Sales Plummet 14.5% in March

Monthly data released Wednesday by HUD and the Census Bureau shows sales of new homes last month plummeting 14.5 percent from February to an estimated seasonally adjusted yearly rate of 384,000. The last time transactions ran so low was last July, when they came to 383,000.

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Slow Household Formation Cyclical Like All Things Real Estate: Moody’s

Though the slow rate of household formation among millenials--those born after 1980--has been cause for alarm among some economists, analysts at Moody's Investors Service say reports of a lost generation of homebuyers are overblown. The Census Bureau released its homeownership rate report for the third quarter in early November, revealing homeownership in the 35 and younger age group is growing at a sluggish pace, with 31.6 percent still living with their parents.

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Pending Sales Index in 3rd Straight Monthly Drop

Continuing to respond to higher mortgage rates, the Pending Home Sales Index (PHSI) slipped for the third straight month, dropping 1.6 percent in August to 107.7 the lowest level since April, the National Association of Realtors which compiles the index reported Thursday.

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Aug New Home Sales Recover From July Plunge

Builders lowered prices and buyers responded in August, pushing new home sales up 7.9 percent to 421,000, reversing almost half of July’s 64,000 drop in sales, the Census Bureau and Department of Housing and Urban Development reported Wednesday. Economists surveyed by Bloomberg expected June sales to rise to 425,000 from July’s originally reported 394,000.

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