Monthly Archives: September 2017

Sales Slide Because single-family construction activity is rising much too slowly while multifamily activity shrinks, housing inventory has declined Y-o-Y for 27 straight months, prices keep rising faster than wages, and affordability is at its lowest level since early 2009. … Continue reading →

The U.S. Census Bureau announced today that sales of new single-family houses in August 2017 were 560,000 at a seasonally adjusted annual rate, down 3.4 percent from July’s revised rate, and down 1.2 percent from August 2016.

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The U.S. Census Bureau released new data today on building permits in August 2017 showing a seasonally adjusted annual rate (SAAR) of 1,300,000, up 5.7 percent from the revised July rate, but up 8.3 percent from August 2016. Housing starts … Continue reading →

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Median Money Median household income rose 3.2% in 2016 to $59,039, finally surpassing the previous inflation-adjusted record of $58,665 set in 1999, yes 1999! In addition, the male-female wage gap narrowed from 79.6% in 2015, to 80.5%, and the poverty … Continue reading →