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New Home Construction Seen As A Possible Solution To Pent Up Demand For Homes

February 17, 2016 by Michael Addison

Builder confidence in markets for new homes fell three points in February to a reading of 58. January's reading was revised upward to 61. Builders have repeatedly expressed concerns shortages of labor and lots for development, but continue to express confidence in future sales conditions. David Crowe, National Association of Home Builder's (NAHB) chief economist, said that builders are watching slowing economic trends, but also cited low mortgage rates, improving labor markets and pent-up demand for homes as factors for strong U.S. housing markets. The NAHB notes that any reading over 50 indicates that more builders were confident than those who were not. HMI Components Readings The three … [Read more...]

Filed Under: Housing Analysis Tagged With: HMI, Home Builders, NAHB

Case-Shiller, FHFA Report Slowing Growth in Home Prices

August 28, 2014 by Michael Addison

The Case-Shiller 10 and 20-City Home Price Indices for June reported year-over-year gains of 8.10 percent while the Case-Shiller National Home Price Index covers all nine census regions and reported a year-over-year gain of 6.20 percent. Readings for all three indices worsened as compared to May readings, and all cities tracked showed slower growth in home prices. The National Home Price Index, which is now published monthly, rose by 0.90 percent from May's reading, and both the 10 and 20-City Index posted month-to-month gains of one percent. Five cities including Detroit, Las Vegas, New York, Phoenix and San Diego posted larger gains in June than for May. Regional Home Price Growth: NYC … [Read more...]

Filed Under: Market Outlook Tagged With: Case Shiller, FHFA, HMI

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