• The NAHB Housing Optimism Index rose to 70 from 68 last month
  • I read that the “parts” cost to the average American new home last year was $80,566. This is about 25% of the sales price of the home. All the other costs are labor, land, and governmental fees.
  • Housing starts in April dropped 3.7% from March to a seasonally adjusted annual rate of 1,287,000 but remained 10.5% ahead of the same month a year earlier, the Commerce Department reported Wednesday.
  • Single-family housing starts in April were at a rate of 894,000, essentially flat with the revised March figure of 893,000.
  • Building permits in April were at a seasonally adjusted annual rate of 1,352,000, 1.8% below the revised March rate of 1,377,000 but 7.7% above the April 2017 rate of 1,255,000. Single-family authorizations in April were at a rate of 859,000, 0.9% above the revised March figure of 851,000.