Tag Archive for ‘house prices’

New Home Prices Squeeze Buyers Out at the Low End

Recent Census data, combined with NAHB survey results, illustrate the way in which home buyers in the lower one-fourth of the market have been squeezed entirely out of the market for new construction, and forced to look exclusively in the stock of existing homes—where the inventory of homes available for sale remains in a historically low range (at a 2.5-month… Read More ›

Higher Lumber Costs Add More Than $35K to New Home Prices, $119 to Monthly Rent

According to NAHB’s latest estimates, rising softwood lumber prices over the last 12 months have added $35,872 to the price of an average new single-family home, and $12,966 to the market value of an average new multifamily home.  That increase in multifamily value translates to households paying $119 a month more to rent a new apartment. These estimates are based on the softwood lumber used… Read More ›

Top Challenges for Builders: Building Materials Prices in 2020 & 2021

Building materials prices topped the list of problems builders faced in 2020 and is expected to return to the number one spot in 2021, according to special questions on the December 2020 survey for the NAHB/Wells Fargo Housing Market Index.   The survey results showed that building materials was a significant issue for 96% of builders last year.  In 2021, however,… Read More ›

Home Price Appreciation Unchanged in July

In July, national home prices continued to grow at the same pace as in June. Three metro areas, including New York, Los Angeles and Washington DC, experienced home price declines for the month. 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 1.7% in July, unchanged from… Read More ›

New Home Price Data Underscore Affordability Problems

New data released by the U.S. Census Bureau and the Department of Housing and Urban Development, combined with recent NAHB survey data, show a mismatch between the actual prices of new homes and the prices buyers expect to pay—providing further evidence for the growing problem of housing affordability. At the end of August, the Census Bureau released 2018 data from… Read More ›

Home Price Appreciation Slows in June

National home price appreciation continued to slow in June. Three metro areas, including New York, Miami and Seattle, experienced home price declines for the month. The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices slowed to a 1.9% seasonally adjusted annual growth rate in June, from 2.4% in May. On a year-over-year basis, the Case-Shiller U.S…. Read More ›

Home Price Appreciation Slows in May

The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices slowed to a 3.0% seasonally adjusted annual growth rate in May, from 3.3% in April. On a year-over-year basis, the Case-Shiller U.S. National Home Price NSA Index reported a 3.4% annual gain in May, down from 3.5% in April. It was the lowest annual gain since September… Read More ›

Home Price Gains Continued to Slow in April

Nationally, home price appreciation continued to slow in April. On the growth side, Boston led the way with an 11.0% annual growth rate in April, while four metro areas experienced price declines. 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 3.4% in April, following an increase… Read More ›

Home Price Gains Continued to Slow in March

Home price appreciation continued to slow in March. Five out of the 20 metro areas experienced price declines while Boston led the way with a 14.0% annual growth rate in March. 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 3.2% in March, following an increase of… Read More ›