Category: Housing Market

Case-Shiller: Home Prices Grow at Fastest Rate Since June 2014

Case-Shiller: Home Prices Grow at Fastest Rate Since June 2014

November 29, 2017 |

Home prices continued to rise in September according to Case-Shiller National and 20-City home price index reports. According to the National Home Price Index, national home prices rose 0.70 percent month for the three months ending in September. The National Index regained its pre-housing bubble peak and surpassed it by 5.90 percent as of September.

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Case-Shiller: Home Price Growth Near All-Time High in August

Case-Shiller: Home Price Growth Near All-Time High in August

November 1, 2017 |

Home price growth approached all-time highs in August, but there were signs that prices may have peaked in some U.S. metro-areas. Seattle, Washington held the top rate of home price growth with a seasonally-adjusted annual appreciation rate of 13,20 percent. Las Vegas, Nevada had the second highest growth in home prices with 8.60 percent in August. San Diego, California reported a seasonally-adjusted annual home price growth rate of 7.80 percent.

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Home Builder Sentiment Highest in Five Months

Home Builder Sentiment Highest in Five Months

October 18, 2017 |

Builder sentiment rebounded in October after lagging during summer months. The National Association of Home Builders Housing Market Index reading for October was four points higher than the expected reading of 64 and September’s reading, which was also 64. Any NAHB Housing Market Index reading over 50 is considered positive.

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Case-Shiller: Home Prices Higher in July, Home Prices May Have Peaked

Case-Shiller: Home Prices Higher in July, Home Prices May Have Peaked

September 27, 2017 |

Case-Shiller reported higher sales of new homes for July; the national reading for new home sales increased by 0.10 percent to a seasonally-adjusted annual rate of 5.90 percent. The 20-City Home Price Index rose by 0.20 percent to 5.80 percent on a seasonally adjusted annual basis.

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NAHB: Builder Confidence Dips on Hurricane Damage

NAHB: Builder Confidence Dips on Hurricane Damage

September 20, 2017 |

Home builders had less confidence in housing market conditions in September. In the aftermath of Hurricanes Harvey and Irma, builders worried that ongoing shortages of construction labor and materials would worsen. NAHB Chairman Granger MacDonald said that concerns over labor and building materials were “intensified,” but said that builder confidence was expected to return to high readings once rebuilding is underway.

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NAHB: Builder Sentiment Dips in April

NAHB: Builder Sentiment Dips in April

April 19, 2017 |

According to the National Association of Home Builders Housing Market Index for April, Builder Confidence dropped three points to an index reading of 68 in April. While any reading over 50 indicates positive builder confidence, home builders said that they continue to face obstacles including higher costs for materials and elevated costs associated with regulatory issues. Builders have repeatedly cited concerns including a lack of buildable lots and labor shortages in past months.

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Case-Shiller: December Home Prices Highest in More Than Two Years

Case-Shiller: December Home Prices Highest in More Than Two Years

March 2, 2017 |

December home prices continued to rise per December readings for Case-Shiller’s National and 20-City Home Price Indices. On average, national home prices increased by 5,80 percent year-over-year and exceeded November’s year-over-year reading of 5.60 percent. The 20 City Index, which analysts follow more closely than the National Home Price Index, posted a year-over-year gain of 5.60 percent in December, which exceeded an expected reading of 5.40 percent and November’s year-over-year reading of 5.20 percent growth.

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Case-Shiller: Home Price Growth Mixed for September

Case-Shiller: Home Price Growth Mixed for September

December 1, 2016 |

September’s 20-City Housing Market Index from Case-Shiller showed signs that rapidly rising home prices in some metro areas may be losing momentum. San Francisco, California, posted a month-to-month reading of -0.40 percent and a year-over-year reading of 5.70 percent. Home prices stayed flat in Seattle Washington from August to September, but posted the highest home price gain of 11.00 percent year-over-year. Slowing home price growth in high-demand areas suggest that affordability concerns are impacting rapid gains in home prices seen in recent years.

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