Category: Housing Market

Case-Shiller Home Price Growth Ticks Upward in November Reading

Case-Shiller Home Price Growth Ticks Upward in November Reading

February 7, 2018 |

Home prices increased in November, with national home prices up 0.70 percent month-to-month and 6.20 percent higher year-over year. Case-Shiller’s 20-City Home Price Index rose by 0.70 percent in the three-month period ending in November; nationally, home prices grew 6.20 percent year-over-year.

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NAHB: Home Builder Confidence Drops in January

NAHB: Home Builder Confidence Drops in January

January 24, 2018 |

Homebuilder confidence in housing market conditions dipped two points in January; ongoing challenges including labor shortages and materials costs were cited by the National Association of Home Builders, which provides monthly readings on home builder sentiment. Three component readings of the Housing Market Index declined by one point each. Readings for current sales conditions, housing market conditions for the next six months and for buyer traffic within new single-family housing developments were 79, 78 and 54 respectively.

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Case-Shiller: Home Prices Rise in October

Case-Shiller: Home Prices Rise in October

December 28, 2017 |

According to Case-Shiller national and 20-city home price indices for October, home prices continued to rise. National home prices rose 0.70 percent for the three months ending in October. Year-over-year, national home prices increased by 6.20 percent. The 20-City Home Price Index also rose by 0.70 percent in October and reported a year-over-year increase of 6.40 percent.

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NAHB: Builder Confidence Outstrips Pre-Bubble Highs

NAHB: Builder Confidence Outstrips Pre-Bubble Highs

December 20, 2017 |

Home builders surveyed by the National Association of Home Builders expressed their highest level of confidence in housing markets since 1999. The index reading for housing market conditions in December hit 74, which exceeded November’s reading of 70. Analysts expected a flat reading of 70 for December. Readings over 50 indicate improvement in housing market conditions.

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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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