National Assoication of Realtors
Last week's economic reports included several readings related to housing The Wells Fargo/National Association of Home Builders Housing Market Index, the Commerce Department's releases on Housing Starts and Building Permits, and the National Association of Realtors® report on Existing Home Sales supplied mixed news on recent developments in housing. Freddie Mac and the Labor Department released their usual reports on mortgage rates and weekly jobless claims. The details: NAHB: Builder Confidence Slips, But Remains Positive The Wells Fargo/ National Association of Home Builders (NAHB) released its Housing Market Index report for April. Although April's reading was two points lower at…
Case-Shiller reported that home prices hit their lowest pace in two years. According to the Case-Shiller 20-City Home Price Index for October, home prices fell in 10 cities, rose in eight cities and were unchanged in two cities. In other news, pending home sales increased and weekly jobless claims rose. The details: Case-Shiller: Home Price Growth Lowest in Two Years According to its 20-City Home Price Index, Case-Shiller said that home prices dropped by 0.10 percent to a reading of 4.50 percent year-over-year as compared to September's reading of 4.80 percent year-over-year. Analysts expected home price growth to drop to…
Last week's economic news included multiple reports on housing and the labor sector. The good news is that job markets appear to be stronger, with new jobless claims and the national unemployment rate lower. Unfortunately, housing continues to struggle in its recovery. Pending home sales slumped in August and the S&P Case-Shiller Housing Market Index reports for July showed slower growth in home prices with 19 of 20 cities posting lower gains than for June. Mortgage rates were mixed, but remained relatively steady. Housing Reports Show Slower Price Gains, Suggest Falling Demand The National Association of REALTORS® released data for…
