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In March, seasonally-adjusted housing data was mostly negative, with a few series indicating minimal increases. All data series remain positive year-over-year, particularly single-family starts and completions. Regionally, data were mixed across all sectors and of particular note was the substantial decrease in West’s new single-family house sales. From the beginning of 2010, housing has improved incrementally. However, most sectors of the housing market remain well less than their respective historical averages.
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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.
May 17, 2016