5/17: MetroIntelligence Economic Update by P. DUFFY

Housing starts rebounded 5.7 percent in April, but still down 2.5 percent year-on-year Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,235,000.  This is 5.7 percent above the revised March estimate of 1,168,000, but is 2.5 percent below the April 2018 rate of 1,267,000. https://www.census.gov/construction/nrc/pdf/newresconst.pdf   Building permits edged up 0.6 percent in April, but fell 5.0 percent year-on-year Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,296,000.  This is 0.6 percent above the revised March rate of…

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New Modern Homes Taking Shape in Highland Park at Arroyo HP

Shea Homes and Tracy Do are pleased to present Arroyo HP, new homes of exquisite design that are spacious, energy-efficient, and easy to maintain. Read More The Eastsider www.theeastsiderla.com/sponsored_posts/new-modern-homes-taking-shape-in-highland-park-at-arroyo/article_0769d5dc-777f-11e9-8b5c-c3de70c6e374.html

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5/16: MetroIntelligence Economic Update by P. DUFFY

May builder confidence rose 3 points to highest level since last October Builder confidence in the market for newly-built single-family homes rose three points to 66 in May, or the highest level since October 2018.   The index measuring current sales conditions rose three points to 72, the component gauging expectations in the next six months edged one point higher to 72 and the metric charting buyer traffic moved up two points to 49. www.nahb.org/news-and-publications/press-releases/2019/05/builder-confidence-posts-solid-gain-in-may.aspx   Retail sales dipped 0.2 percent in April, but still up 3.1 percent year-on-year U.S. retail…

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