Content about U.S. Department of Commerce

February 20, 2013

The pace of the nation’s residential construction slowed in January compared with December, but building permits and single-family starts both showed gains.

September 28, 2012

A new front opened in the trade war against China when a group of U.S. plywood manufacturers filed a petition with the U.S. Department of Commerce and the U.S. International Trade Commission. The Coalition for Fair Trade of Hardwood Plywood (CFTHP) claimed that Chinese manufacturers are “dumping” plywood on the U.S. market at unfair prices, a practice enabled by subsidies from the government of China.

June 26, 2012

Sales of new homes in May rose to a seasonally adjusted annual rate of 369,000, according to data released by the U.S. Department of Commerce. The May figure is up 7.6% over April and marks an increase of 19.8% above May 2011.

The May figure was the highest in two years (since April 2010) and was aided by factors including low interest rates, housing affordability and warm weather. Most analysts had expected the May rate to fall short of 350,000. 

October 19, 2011

September housing starts showed double-digit increases compared with both last year and last month, according to data released this morning by the U.S. Department of Commerce.

Housing starts came in at a seasonally adjusted annual rate of 658,000, up 15% from the August rate of 572,000, and up 10.2% compared with September 2010.

The figure of 658,000 was the highest total housing-starts figure since April 2010, when starts stood at 687,000.

September 20, 2011

The latest tally from the U.S. Department of Commerce showed housing starts in August at a seasonally adjusted annual rate of 571,000.

The disappointing August rate -- analysts were expecting a pace of about 590,000 -- was 5% below July's downwardly revised figure, and 5.8% below the August 2010 rate of 606,000.

August 4, 2011

Numbers released this week from the U.S. Department of Commerce announced that construction during June 2011 was estimated at a seasonally adjusted annual rate of $773.2 billion, a 0.2% increase above the May estimate of $770.5 billion. The June figure is 4.7% below the June 2010 estimate of $810.4 billion.

During the first six months of 2011, construction spending amounted to $357.5 billion, 5.4% below $377.9 billion for the same period in 2010.

May 3, 2011

Numbers released on Monday from the U.S. Department of Commerce announced that construction spending during March 2011 was estimated at $768.9 billion, a 1.4% increase above February’s estimate of $758.6 billion. The March figure is 6.7% below the March 2010 estimate of $824.0 billion.

During the first three months of this year, construction spending amounted to $161.2 billion, 7.8% below the $174.8 billion from the same quarter in 2010. 

March 2, 2011

Although overall construction spending didn’t change much between December and January, residential construction rose by 5.3%, to $245.6 billion, in January 2011, according to figures just released by the U.S. Department of Commerce.

Spending on non-residential construction in January hit $244.4 billion, dipping 6.9% below December 2010’s figure. Taken together, spending on private construction was essentially flat -- 1.2% in month-over-month figures.

February 1, 2011

Figures released by the U.S. Department of Commerce on Feb. 1 showed continued low levels of construction spending on both residential and non-residential projects during the month of December 2010. Overall spending on private construction fell 2.2% from November, with residential construction slowing at 4.1% and non-residential construction at 0.5%.

October 26, 2010

Sales of newly built, single-family homes rose 6.6% in September to a seasonally adjusted annual...

October 18, 2010

"Builders are cautiously responding to the small improvement they are seeing in interest among potential...

September 20, 2010

According to data released Tuesday by the U.S. Department of Commerce, the seasonally adjusted annual...

November 25, 2008

Sales of new one-family homes fell in October to a seasonally adjusted annual rate of...

November 18, 2008

The figure is down 38.0 percent from the 1.275 million rate reported in October 2007....

August 24, 2008

Let’s get the bad news out of the way first, move on to the better...

July 16, 2008

Single-family housing starts in June were at a rate of 647,000, 5.3 percent below the...

June 15, 2008

Building materials retailers and garden equipment stores saw month-over-month sales gains of 2.4 percent in...

March 17, 2008

Data from the U.S. Department of Commerce showed February housing starts at a seasonally adjusted...

February 21, 2008

The Midwest and Northeast saw a month-over-month increase in housing starts....

February 10, 2008

The U.S. Department of Commerce will instruct U.S. Customs and Border Protection to collect a...

January 16, 2008

Single-family starts were at 794,000, down 2.9 percent below the November figure of 818,000, with...

October 21, 2007

In 1782, a man named Daniel Waldo founded Elwood Adams Hardware in Worcester, Mass., providing...

August 26, 2007

Housing starts continue to slump Housing starts for July fell to a seasonally adjusted annual...

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