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Entries Tagged as 'Housing Market'

NAHB: Home Builder Confidence Drops in January

January 24th, 2018 · Comments Off on NAHB: Home Builder Confidence Drops in January

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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Tags: Housing Market

Case-Shiller: Home Prices Rise in October

December 28th, 2017 · Comments Off on Case-Shiller: Home Prices Rise in October

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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Tags: Housing Market

NAHB: Builder Confidence Outstrips Pre-Bubble Highs

December 20th, 2017 · Comments Off on NAHB: Builder Confidence Outstrips Pre-Bubble Highs

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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Tags: Housing Market

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

November 1st, 2017 · Comments Off on Case-Shiller: Home Price Growth Near All-Time High in August

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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Tags: Housing Market

What’s Ahead For Mortgage Rates This Week – October 23, 2017

October 23rd, 2017 · Comments Off on What’s Ahead For Mortgage Rates This Week – October 23, 2017

Last week’s economic reports included NAHB Housing Market Indexes along with readings on housing starts, building permits and existing home sales. Weekly readings on mortgage rates and new jobless claims were also released.

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Tags: Housing Market

Home Builder Sentiment Highest in Five Months

October 18th, 2017 · Comments Off on Home Builder Sentiment Highest in Five Months

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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Tags: Housing Market

What’s Ahead For Mortgage Rates This Week – October 2, 2017

October 2nd, 2017 · Comments Off on What’s Ahead For Mortgage Rates This Week – October 2, 2017

Last week’s economic reports included Case-Shiller’s Home Price Indices, readings on new and pending home sales and Freddie Mac ‘s weekly mortgage rates report. Weekly jobless claims and reports on inflation and core inflation were also released.

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Tags: Housing Market

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

September 27th, 2017 · Comments Off on Case-Shiller: Home Prices Higher in July, Home Prices May Have Peaked

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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Tags: Housing Market

NAHB Housing Market Index Slips Two Points in June

June 16th, 2017 · Comments Off on NAHB Housing Market Index Slips Two Points in June

The National Association of Home Builders Housing Market Index for June fell by two points to 67 after a revision of May’s reading. Components of the Housing Market Index were lower for June with builder confidence in current market conditions two points lower at 73; June’s reading for builder confidence in market conditions for the next six months also fell two points to 76. Builder confidence in buyer traffic fell two points to 49. According to the Index, any reading over 50 indicates that more builders are confident than those who are not.

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Tags: Housing Market

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

March 2nd, 2017 · Comments Off on Case-Shiller: December Home Prices Highest in More Than Two Years

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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Tags: Housing Market