The year 2016 was an eventful one for home building.
Although the Federal Reserve Board has tried to slow the fastcharging U.S. economy by raising short-term interest rates by almost two percentage points over the past year, there's been little apparent loss of long-term growth momentum.
Long gone have been the days of Ward, June, Wally and the Beav as the typical model of the all-American family.
Texas A&M’s Real Estate Confidence Index, based on a survey of real estate professionals, shows marked decline.
June 2000 total housing starts were at a seasonally-adjusted annualized level of 1.554 million units, down 2.6% from the May total and 0.5% lower than during June of 1999.
The total number of residential permits issued nationwide during the first five months of this year was 2.2% less than in January-May of 1999.
Among 1999's top ten areas in terms of sheer volume of new residential construction, only three - Atlanta, Chicago, and the Washington, DC metropolitan area - were able to build upon their totals through the first five months of this year.
The Labor Department''s construction materials composite price index,/b> declined by 0.3% between April and May, erasing all of the gain recorded the month before.
The Conference Board's Consumer Confidence Index (CCI) fell 4.1% in June from its record-high set the month before.
May 2000 total housing starts were at a seasonally-adjusted annualized level of 1.592 million units, down 3.9% from the April total and 3.5% lower than during May of 1999.
April 2000 total housing starts were at a seasonally-adjusted annualized level of 1.663 million units, after averaging almost 1.8 million units (annualized) during the December 1999-February 2000 period.