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In May, aggregate housing data was mixed; with new single-family housing exhibiting declines in permits, starts, spending, and sales. Month-over-month data were lackluster as well, with the exception being total housing completions. Year-over-year total housing permits and completions are now negative. Regionally, data were mixed across all sectors. From the depths of 2009, housing has improved; yet, 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.
July 14, 2016