The U.S. Census Bureau has reported that Privately-owned housing starts in April were at a seasonally adjusted annual rate of 891,000.
According to the latest NAHB/Wells Fargo Housing Market Index (HMI) for May, builders confidence in the market for newly built single-family homes increased to 7 points to a reading of 37.
With many consumers sheltering in place last month and only leaving their homes only to purchase essential goods and services, retail sales declined 16.4% in April.
Americans view homeownership as something of great value. And the COVID-19 pandemic, and the need for many Americans to shelter in place, has helped that feeling to grow even stronger.
Canadian home sales and national home listings fell 56.8% in April, when compared to the previous month.
A deeper dive into housing permits for March 2020, and the first quarter of 2020, reveals a robust start of the year for permits.
According to the BLS, there were 618,000 layoffs in the construction sector during March 2020.
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.36% of all loans outstanding at the end of the first quarter of 2020.
U.S. household sentiment declined, although at a slower pace, for the eighth straight week in a row.
Dealers are reporting that, to date, their May sales are OK. However, they are definitely not as strong as they were in April.