Eye On Housing
New NAHB Economics research shows that two million households headed by 25 – 34 year olds are missing from the current housing market but could have been active players if the headship rates remained at the 2000 levels. Instead, a rising number of young adults choose to stay with their parents or parents-in-law. As of 2014, more than 20 percent… Read More ›
The Pending Home Sales Index, a forward-looking indicator based on signed contracts, decreased 0.4% in February 2013 to 104.8 from a downwardly revised 105.2 in January. The February 2013 PHSI reported by the National Association of Realtors (NAR) was 8.4% higher than the same period a year ago. The last time the PHSI was higher was in April 2010 when… Read More ›
The Pending Home Sales Index, a forward-looking indicator based on signed contracts, increased 4.5% in January 2013 to 105.9, up sharply from the downwardly revised 101.3 in December. The National Association of Realtors reported that the January 2013 PHSI was 9.5% higher than the same period a year ago. The January PHSI is the highest since April 2010 when the… Read More ›