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.

By |2018-01-24T13:40:08-05:00January 24th, 2018|Housing Market|Comments Off on NAHB: Home Builder Confidence Drops in January

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.

By |2017-12-28T13:40:15-05:00December 28th, 2017|Housing Market|Comments Off on Case-Shiller: Home Prices Rise in October

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.

By |2017-12-20T13:40:07-05:00December 20th, 2017|Housing Market|Comments Off on NAHB: Builder Confidence Outstrips Pre-Bubble Highs

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.

By |2017-11-01T12:42:18-04:00November 1st, 2017|Housing Market|Comments Off on Case-Shiller: Home Price Growth Near All-Time High in August

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.

By |2017-10-18T12:42:33-04:00October 18th, 2017|Housing Market|Comments Off on Home Builder Sentiment Highest in Five Months

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.

By |2017-09-27T12:42:10-04:00September 27th, 2017|Housing Market|Comments Off on Case-Shiller: Home Prices Higher in July, Home Prices May Have Peaked

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.

By |2017-08-10T01:56:35-04:00March 2nd, 2017|Housing Market|Comments Off on Case-Shiller: December Home Prices Highest in More Than Two Years

Case-Shiller: Home Price Growth Continues

Home increased in October according to Case-Shiller's 20City Home Price Index. Home prices rose from September's annualized reading of 5.40 percent to 5.60 percent. Factors contributing to rising home prices include stronger economic conditions and outlook along with short inventories of available homes coupled with high demand. On average, October home prices rose 5.10 percent on seasonally adjusted annual basis, which was unchanged from September's reading.

By |2017-08-10T01:57:55-04:00December 28th, 2016|Housing Market|Comments Off on Case-Shiller: Home Price Growth Continues

Case-Shiller: Home Price Growth Mixed for September

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.

By |2017-08-10T01:58:31-04:00December 1st, 2016|Housing Market|Comments Off on Case-Shiller: Home Price Growth Mixed for September

Home Builder Sentiment Unchanged in November

According to the National Association of Home Builders Housing Market Index for November, builder sentiment was unchanged at a reading of 63. Readings above 50 indicate that a majority of builders are confident about housing market conditions. Readings for three sub-indexes used to calculate the Housing Market Index Readings for builder confidence in current market conditions and market conditions within the next six months were posted at 69. The reading for buyer foot traffic in housing developments was 47. Buyer traffic has not reached the benchmark reading of 50 since the peak of the housing bubble approximately 10 years ago.

By |2017-08-10T01:58:43-04:00November 17th, 2016|Housing Market|Comments Off on Home Builder Sentiment Unchanged in November