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The housing market typically slows this time of year. Thus we should look at upcoming data on a long-term basis and not by monthly data reports. September's housing data was truly mixed based on a monthly basis – permits, new sales, and construction spending all declined. Starts, existing sales, completions, and spending increased. On a regional perspective, the data was similar. In addition, all data reported here on a year-over-year basis remains positive. This report provides housing data, demographic data, economics, private and government indicators, and forecasts for the global and United States economy and housing market.
Virginia Cooperative Extension materials are available for public use, reprint, or citation without further permission, provided the use includes credit to the author and to Virginia Cooperative Extension, Virginia Tech, and Virginia State University.
Issued in furtherance of Cooperative Extension work, Virginia Polytechnic Institute and State University, Virginia State University, and the U.S. Department of Agriculture cooperating. Edwin J. Jones, Director, Virginia Cooperative Extension, Virginia Tech, Blacksburg; M. Ray McKinnie, Administrator, 1890 Extension Program, Virginia State University, Petersburg.
December 11, 2015