All posts tagged: Market Conditions

NAHB: Home Builder Confidence Ticks Up in April

April 16, 2021 Real Estate Comments Off on NAHB: Home Builder Confidence Ticks Up in April

The national reading for home builder confidence rose one point to an index reading of 83 in April; the National Association of Home Builders predicted a reading of 84. Component readings for April’s national index readings were mixed. Builder confidence in current market conditions for single-family homes rose one point to 88. Builder confidence in market conditions for single-family homes in the next six months fell two points to 81 but homebuilder confidence in buyer traffic in new home developments rose two points to an index reading of 75.

NAHB: Rising Demand for Homes Boosts Builder Confidence

November 18, 2020 Real Estate Comments Off on NAHB: Rising Demand for Homes Boosts Builder Confidence

Builder confidence in housing market conditions reached a new record high in November according to the National Association of Home Builders. November’s index reading of 90 was five points higher than in October. Index readings over 50 indicate positive builder sentiment toward market conditions. Readings for the Housing Market Index fell below 50 in April and May as the COVID-19 pandemic grew.

Case-Shiller: February Home Prices Gained Before Coronavirus Outbreak

April 30, 2020 Market Outlook Comments Off on Case-Shiller: February Home Prices Gained Before Coronavirus Outbreak

Home prices continued to grow in February according to the Case-Shiller Home Price Indices. National home prices grew at a seasonally-adjusted annual pace of 4.20 percent as compared to national home price growth of 3.90 percent in January. Case-Shiller’s 20-City Home Price Index showed higher home price growth rates in February with average annual home price growth of 3.50 percent. January home prices grew by 3.10 percent for cities included in the 20-City Index.

The Narrowing Gap Between Renting And Buying A Home In The US

April 17, 2020 Real Estate Comments Off on The Narrowing Gap Between Renting And Buying A Home In The US

According to data compiled by Realtor.com in the fourth quarter of 2019, it is still more affordable overall to rent versus buy a home — but just barely. The median monthly mortgage payment at the end of 2019 was $1,600, while the median monthly rent payment was $1,319. This is largely due to steadily-increasing rates, rising home prices, and near-record-low mortgage rates.

NAHB: Home Builder Confidence Near 1999 High

February 20, 2020 Market Outlook Comments Off on NAHB: Home Builder Confidence Near 1999 High

The National Association of Home Builders reported a housing market index reading of 74 in February; the index reading was one point lower than for January and was only two points below the highest reading of 76 reported in December. Readings over 50 indicate that most builders consider housing market conditions to be positive.

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