Eye On Housing
Existing home sales, as reported by the National Association of Realtors (NAR), increased 3.3% in January, reaching the fastest pace since February 2007. At the current sales rate, the January unsold inventory represents a 3.6-month supply, unchanged from December. January existing sales were up 3.8% from the same month a year ago, and advanced to a seasonally adjusted rate of… Read More ›
The National Association of Realtors released its Pending Home Sales Index (PHSI) for December. The index tracks signed but not yet closed contracts for existing home sales. In December the index rose 1.6% to 109.0, from 107.3 in November. The PHSI is a leading indicator for existing home sales (closed sales contracts) in the following month or two, the typical… Read More ›
Existing home sales, as reported by the National Association of Realtors (NAR), decreased 2.8% in December, but ended 2016 as the best year for existing sales since 2006. December sales were up a slight 0.7% from the same month a year ago. Total 2016 existing home sales reached 5.45 million, exceeding the 5.25 million in 2015. Total existing home sales… Read More ›
NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals that the share of mortgages financed through conventional products in the third quarter of 2016 rose to 74.1%–the highest level seen since 2008. In contrast, cash sales accounted for the smallest portion they have since the second quarter of 2010. The portions financed with FHA… Read More ›
Existing home sales, as reported by the National Association of Realtors (NAR), increased 0.7% in November for a third consecutive monthly increase, and reached the highest pace since February 2007. November sales were up 15.4% from the same month a year ago. Total existing home sales in November increased to a seasonally adjusted rate of 5.61 million units combined for… Read More ›
Existing home sales, as reported by the National Association of Realtors (NAR), increased 2.0% in October and reached the highest pace since February 2007. In October sales increased for the second straight month, and were up 5.9% from the same month a year ago. Total existing home sales in October increased to a seasonally adjusted rate of 5.60 million units… Read More ›
Existing home sales, reported by the National Association of Realtors, soften further in August. Total existing home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, declined to a seasonally adjusted annual rate of 5.33 million units from a downwardly revised 5.38 million units in July. Existing single family sales fell to a seasonally adjusted annual… Read More ›
Existing home sales, as reported by the National Association of Realtors (NAR), decreased 3.2% in July and were down 1.6% from the same month a year ago, the first year-over-year decline since November 2015. Total existing home sales in July decreased to a seasonally adjusted rate of 5.39 million units combined for single-family homes, townhomes, condominiums and co-ops, down from… Read More ›
According to the National Association of Realtors’ Pending Home Sales Index (PHSI), nationwide, signed contracts for existing homes inched up 0.2% over the month of June 2016. The PHSI is forward looking indicator for contracting closings (i.e. existing home sales). June marks the fourth monthly increase in the PHSI over the past five months. Over the year, the PHSI rose… Read More ›
The S&P CoreLogic Case-Shiller US National Home Price Index (CS) was released today. The index has been moving up steadily since hitting a housing bust low in late 2011. But the pace of increase has varied over the ensuing 53 months. Analysts track house price growth in a number of ways: the index (equal to 100 in January 2000) rose… Read More ›