The WPJ

Nashville

Nonresidential Construction Spending in the U.S. Falls Sharply in January

According to the Associated Builders and Contractors analysis of data by the U.S. Census Bureau, national nonresidential construction spending decreased 0.4% in January 2024. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.190 trillion.

Income Needed to Buy a Home in America Spikes 80 Percent During Biden Presidency

Based on new data from Zillow, U.S. home shoppers today need to make more than $106,000 to comfortably afford a median-priced home in America.

Pending Home Sales in U.S. Dip 5 Percent in January

Based on new data from the National Association of Realtors, U.S. pending home sales in January 2024 dropped 4.9%. The Northeast and West posted monthly gains in transactions while the Midwest and South recorded losses. All four U.S. regions registered year-over-year decreases.

U.S. Home Equity Continues to Dip in Q4

46.1 percent of mortgaged residential properties in the United States were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values.

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