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Case-Shiller Home Price Index: National Home Prices Reach Pre-Recession Level

August 30, 2017 by Michael Addison

According to the Case-Shiller National Home Price Index for June, Seattle, Washington continued to lead home price growth for the tenth consecutive month with a June reading of 13.40 percent growth year-over-year. Portland Oregon held second place for home price growth in the 20-City Home Price Index in June but trailed Seattle by 5.20 percent with 8.20 percent year-over-year home price growth. Dallas Texas held third place with a year-over-year home price growth rate of 7.70 percent. The 20-City Home Price Index increased by 5.70 percent year-over-year and was unchanged from May's reading. Case-Shiller's National Home Price Index reported a reading of 5.80 percent home price growth in June … [Read more...]

Filed Under: Home Building Tips Tagged With: Homes Sales

NAHB: Builder Sentiment Surges in August

August 16, 2017 by Michael Addison

Home builder confidence in housing market conditions surged in August after sagging to an eight-month low in July. The National Association of Home Builders reported a July reading of 68 in August after analysts expected a one- point increase from July's Housing Market Index reading of 64. Any reading over 50 indicates that more builders consider housing market conditions positive than those who do not. Component readings of the Housing Market Index also improved in August. Builder confidence in current housing market condition rose four points to 74; Builder confidence in housing market conditions over the next six months rose by five points to 78. Builder confidence in buyer traffic in new … [Read more...]

Filed Under: Home Values Tagged With: Homes Sales

NAHB: Builder Confidence in Market Conditions Dips in July

July 19, 2017 by Michael Addison

According to the National Association of Home Builders, July builder sentiment dipped to an index reading of 64 as compared to June's revised reading of 66, the original reading was 67. Analysts expected the reading for July to increase to 68. Builders cited increasing lumber prices as a concern affecting builders' outlook on housing market conditions for new single-family homes. Any reading over 50 for the NAHB Housing Market Index indicates that more builders than fewer are positive about housing market conditions, but July's reading was the lowest in eight months. NAHB said that home builder confidence in market condition "remains strong." Three month rolling averages were mixed. The … [Read more...]

Filed Under: Home Values Tagged With: Homes Sales

Case-Shiller: Home Price Growth Slows in April

June 28, 2017 by Michael Addison

Case-Shiller's National Home Price Index indicated slower home price growth in April. Year-over-year, home prices rose 5.50 percent in April as compared to 5.60 percent in March. Year-over-year readings are calculated on a seasonally-adjusted annual basis. Case-Shiller's 20 City Home Price Index was also lower with a seasonally-adjusted year-over-year reading of 5.70 percent gain in April as compared to the year-over-year March reading of 5.90 percent. Seattle, Washington held on to its lead for home price growth with a year-over-year reading of 12.90 percent; Portland Oregon followed with a year-over-year reading of 9.30 percent, and Dallas, Texas maintained third place in the 20-City Home … [Read more...]

Filed Under: Home Building Tips Tagged With: Homes Sales

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