Housing Market Archives - Page 2 of 6

01

Nov

By

Housing MarketHomes Sales

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

Case-Shiller's National Home Price Index rose to a year-over-year home price increase of 6.10 percent as compared to July's reading of 5.90 percent. The 20-City Home Price Index rose to a year-over-year reading of 5.90 percent over July's reading of 5.80 percent. Home Prices Nearing Their Peak? Some cities that previously had high home price increases saw lower paces of growth. San Francisco, California, which reported double-digit home price growth rates in recent years, reported -0.10 percent growth rate month-to-month and a year-over-year home price growth rate of 6.10 percent. Home prices grew at a faster rate in nine cities…

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. NAHB: Builder Sentiment Jumps in September, Housing Starts and Building Permits Fall The National Association of Home Builders reported a four-point increase in its Home Price Index for October. Builders surveyed reported higher confidence in overall market conditions, which resulted in a reading of 68. Analysts had expected no change in the September reading of 64. Natural disasters have raised builder opportunities for new projects, but the…

Home Builder Sentiment Highest in Five Months

Component readings used for calculating Housing Market Index readings also rose in October. Builder sentiment for current market conditions gained five points for a reading of 75. The index reading for builder perception of market conditions in the next six months also rose five points to an October reading of 78. Builder sentiment for home buyer traffic in new home developments rose one point to 48. Buyer traffic readings seldom exceed a Home Builder Index reading of 50. NAHB Chairman Granger Mc Donald said builders were recovering from the initial shock of damage caused by hurricanes, but this was prior…