Tag Archive for ‘home prices’

Home Prices in April – Slowing Growth

The S&P/Case-Shiller and the Federal Housing Finance Agency (FHFA) released their respective home price indices for April. National home prices increased at a more moderate annual growth rate, while local home price gains varied. The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 2.0% in April, down… Read More ›

Home Prices Continued to Rise in November

S&P Dow Jones Indices released the Home Price Index for November. The Case-Shiller U.S. National Home Price Index rose at a seasonally adjusted annual growth rate of 10.4%, up from a revised 10.1% pace in October. House prices have accelerated since May and surpassed the pre-recession peak of 2006. Tight inventory and high demand pushed up prices at a rapid… Read More ›

Property Taxes by State – 2015

The 2015 American Community Survey data shows that New Jersey still leads the nation with the highest average annual real estate tax (RET) bill of $8,180—$7,528 more than RETs paid by Alabama’s homeowners. The overall distribution remained roughly unchanged since 2014, as the composition of the top and bottom ten remained the same. The map below clearly illustrates that the highest property… Read More ›

Home Price Gains Continued in October

The Case-Shiller (CS) National Home Price Index, released by S&P Dow Jones Indices, continued to rise in October. The CS Home Price Index rose at a seasonally adjusted annual growth rate of 10.7%, up from 10.1% last month. Due to tight inventory and high demand, house prices have accelerated since May and reached the pre-recession peak of 2006. Along with… Read More ›

Home Prices Jumped in September

The Case-Shiller (CS) National Home Price Index, reported by S&P Dow Jones Indices, jumped in September. The CS Home Price Index rose at a seasonally adjusted annual growth rate of 10.4%, the fastest in the past 36 months. After the deceleration in the beginning of 2016, house prices have accelerated since May due to tight inventory and high demand, reaching… Read More ›

Home Prices in August – Gains Continued

The Case-Shiller (CS) National Home Price Index, released by S&P Dow Jones Indices, rose in August. The index rose at a seasonally adjusted annual growth rate of 7.6%, faster than the 4.9% reported in July. After the deceleration in the beginning of 2016, house prices have accelerated since May due to tight inventory and the increases in existing home sales… Read More ›

Regulation: 24.3 Percent of the Average New Home Price

A new NAHB study shows that, on average, regulations imposed by government at all levels account for 24.3 percent of the final price of a new single-family home built for sale.  Three-fifths of this—14.6 percent of the final house price—is due to a higher price for a finished lot resulting from regulations imposed during the lot’s development.  The other two-fifths—9.7… Read More ›

Sale and Contract Prices per Square Foot in 2014

For single-family homes started in 2014, median prices, excluding improved lot values, range from $159 per square foot for contractor-built homes in the Pacific and New England divisions to $80 per square foot for speculatively-built homes in the East South Central division. The most expensive new single-family homes in 2014 were contractor-built homes in the Pacific and New England divisions with the… Read More ›

House Price Appreciation Moderates

The Federal Housing Finance Agency (FHFA) recently released the House Price Index (HPI) data for February, 2015. Figure 1 shows the House Price Index (HPI) data from January 1991 to February 2015. The annual growth rate is also presented in Figure 1. House price appreciation has been volatile but averaged approximately 5% from 1991 to 2003 prior to the housing… Read More ›