Friday, June 23, 2017
85th Annual Meeting US Conference of Mayors: Need For Infrastructure Investment Plenary
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JOINT REPORT: HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN MAY 2017
HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN MAY 2017
U.S. Dept. of Housing and Urban Development U.S. Census Bureau
Office of Public Affairs
202-708-0685
June 23, 2017
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today jointly announced the following new residential sales statistics for May 2017:
NEW HOME SALES
Sales of new single-family houses in May 2017 were at a seasonally adjusted annual rate of610,000, according to estimates released jointly today by the Department of Housing and Urban Development and the U.S. Census Bureau. This is 2.9 percent (±13.0 percent) above the revised April rate of 593,000, and is 8.9 percent (±21.9 percent)* above the May 2016 estimate of 560,000.
SALES PRICE
The median sales price of new houses sold in May 2017 was $345,800. The average sales price was $406,400.
FOR SALE INVENTORY AND MONTHS’ SUPPLY
The seasonally-adjusted estimate of new houses for sale at the end of May was 268,000. This represents a supply of 5.3 months at the current sales rate.
SEASONAL REVIEW (EVERY APRIL RELEASE)
Seasonally adjusted estimates of housing units sold, housing units for sale, and the months' supply of new housing for January 2015 through March 2017 have been revised.
New Residential Sales data for June 2017 will be released on Wednesday, July 26, 2017.
EXPLANATORY NOTES
In interpreting changes in the statistics in this release, note that month-to-month changes in seasonally adjusted statistics often show movements which may be irregular.
It may take three months to establish an underlying trend for building permit authorizations, six months for total starts, and six months for total completions. The statistics in this release are estimated from sample surveys and are subject to sampling variability as well as nonsampling error including bias and variance from response, nonreporting, and undercoverage. Estimated relative standard errors of the most recent data are shown in the tables. Whenever a statement such as “2.5 percent (±3.2 percent) above” appears in the text, this indicates the range (-0.7 to +5.7 percent) in which the actual percentage change is likely to have occurred. All ranges given for percentage changes are 90 percent confidence intervals and account only for sampling variability. If a range does not contain zero, the change is statistically significant. If it does contain zero, the change is not statistically significant; that is, it is uncertain whether there was an increase or decrease. The same policies apply to the confidence intervals for percentage changes shown in the tables. On average, the preliminary seasonally adjusted estimates of total building permits, housing starts and housing completions are revised 3 percent or less. Explanations of confidence intervals and sampling variability can be found at the Census Bureau’s website.
* The 90 percent confidence interval includes zero. In such cases, there is insufficient statistical evidence to conclude that the actual change is different from zero.
ADDITIONAL RESOURCE
The 2017 new home market is off to a stellar start, and home builders are optimistic.Earlier this month, the National Association of Homebuilders (NAHB) released its Housing Market Index (HMI), a monthly homebuilder confidence survey.
The survey showed homebuilder confidence at its highest point in a decade, with home builders projecting sales for the first half of 2017 near multi-year bests.
Demand for new homes has been strong, too, as evidenced by the high number of buyers requesting tours of model units.
The biggest concern for builders at the moment is whether they can build enough homes to feed the "supply" side of the equation.
MAG Seeking SOQs Economic, Geospatial Data and Service Support
PUBLIC NOTICE
Request for QualificationsOn-Call Consulting Services for FY 2017 Economic, Geospatial Data and Service Support
The Maricopa Association of Governments (MAG) is seeking a Statement of Qualifications (SOQ) from qualified consultants capable of providing professional services in the area of Economic, Geospatial Data and Service Support to form an On-Call list of consultants to provide services to MAG.
Detailed SOQ requirements may be obtained by contacting the MAG Office at the address indicated below or may be downloaded using the links provided on this page, under Download.
For further information, please submit questions in writing by email to Jason Howard at this link, not later than ten (10) working days prior to the closing date of June 20, 2017.
Any addenda responding to questions will be posted on MAG’s website, on this page, no later than six (6) working days prior to the closing date of June 20, 2017.
Amendment No. 1 to this RFQ was published on June 20, 2017 to extend the closing date to July 7, 2017. SOQs will be accepted until 12:00 Noon MST (Mountain Standard Time) MST on July 7, 2017, at MAG, 302 North First Avenue, Suite 200, Phoenix, AZ 85003.
Download:
Why Have Federal CLEAN AIR Standards?? 28 HPAs So Far This Year Here In Maricopa County
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The Arizona Department of Environmental Quality (ADEQ) is issuing an ozone High Pollution Advisory (HPA) for Maricopa County, effective Friday, June 23, 2017. This HPA is due to ozone levels expected to accumulate enough to exceed the federal health standard for ozone.
People most affected by ozone include children, senior citizens, people who work or exercise outdoors and people with pre-existing respiratory disease. Ozone can irritate the respiratory system, aggravate asthma and reduce the immune system’s ability to fight off respiratory infections. Ozone-related health problems include shortness of breath, coughing, wheezing, headaches, nausea, and throat and lung irritation.
CONTACTS
The Arizona Department of Environmental Quality (ADEQ) provides a daily forecast for air quality and issues HPAs or Health Watches when these conditions exist. Please visit azdeq.gov/environ/air/ozone/
CONTACT: Caroline Oppleman – (602) 771-2215 desk/(602) 540-8072 cell
The Maricopa County Air Quality Department (MCAQD) is a regulatory agency whose goal is to ensure federal clean air standards are achieved and maintained for the residents and visitors of Maricopa County. The department is governed by the Maricopa County Board of Supervisors and follows air quality standards set forth by the federal Clean Air Act. The department offers air quality information and resources on its Clean Air Make More website: cleanairmakemore.com.
CONTACT: Bob Huhn – (602) 506-6713 desk/(602) 526-7307 cell
About ADEQ
Under the Environmental Quality Act of 1986, the Arizona State Legislature established the
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Local Initiatives Support Corp > Strength In Diversity
By Maurice Jones, President & CEO, LISC
Link > http://www.lisc.org
Part of our mission at LISC is to do everything we can to help all Americans live with dignity and contribute to and share more broadly in the prosperity of our country. That includes LGBTQ Americans. This June, as cities and towns around the United States mark Pride Month, we’re reaffirming our commitment to creating inclusive communities, and reflecting on how we can do better.
For example, we have supported affordable housing for low-income LGBTQ seniors in Chicago.
We also helped build a new facility for the venerable Los Angeles LGBT Center, which has been providing services and advocacy since 1969.
And there are many more examples of similar work underway. We at LISC are always working to make sure our own staff represents the same diversity--of race, ethnicity, age, gender and sexual orientation--as the communities we serve. Only when we pool the collective talent of our diversity can we achieve excellence.
All of this is critical. In order to realize the extraordinary promise of this country, we must tap and develop the talents of all and work to ensure that all have access to the abundance of opportunities throughout our beloved communities. During this month of celebration and pride, LISC rededicates itself to these values.
ABOUT THE AUTHOR
Maurice Jones, President & CEO, LISC
Prior to joining LISC, Maurice was the Secretary of Commerce for the Commonwealth of Virginia, where he managed 13 state agencies focused on the economic needs in his native state.
Maurice Jones, President & CEO, LISC
Prior to joining LISC, Maurice was the Secretary of Commerce for the Commonwealth of Virginia, where he managed 13 state agencies focused on the economic needs in his native state.
Before that, he was second in command at the U.S. Dept. of HUD, serving as deputy secretary in charge of operations.
He has also been Commissioner of Virginia’s Dept. of Social Services and Deputy Chief of Staff to then-Gov. Mark Warner.
At the U.S. Treasury Dept. during the Clinton Administration, he managed the CDFI fund. His private sector experience includes top positions at the Virginian-Pilot in Norfolk, a Richmond law firm and a private philanthropy investing in community-based efforts to benefit children in Washington, D.C.
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