Eye On Housing
Pending home sales have decreased on an annual basis for eight consecutive months, and have declined month over month in four of the past five months. The Pending Home Sales Index decreased 1.8% in August, and is now down 2.3% year over year. The Pending Home Sales Index (PHSI) is a forward-looking indicator based on signed contracts reported by the… Read More ›
Existing-home sales were unchanged in August, and are 1.5% below the level a year ago. The first-time buyer share of 31% was down from 32% last month and unchanged from a year ago. The National Association of Realtors reported that 52% of homes sold in August were on the market less than a month. The August inventory was also unchanged,… Read More ›
Existing-home sales decreased 0.7% in July to a level 1.5% below a year ago, and sales have now decreased year-over-year for four straight months. The first-time buyer share of 32% was up from last month, but down from 33% a year ago. The National Association of Realtors reported that 55% of homes sold in July were on the market less… Read More ›
Following the June increase in existing inventory, the Pending Home Sales Index increased 0.9% in May, but remains 2.5 % below the level one year ago. The Pending Home Sales Index (PHSI) is a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR). The PHSI increased to 106.9 in June from 105.9 in May. The… Read More ›
Existing-home sales decreased 0.6% in June to a level 2.2% below a year ago, and sales have now decreased year-over-year for three consecutive months. The first-time buyer share of 31% was unchanged from last month, but down from 32% a year ago. The National Association of Realtors reported that 58% of homes sold in June were on the market less… Read More ›
The Pending Home Sales Index decreased 0.5% in May, and remains 2.2 % below the level one year ago, having declined on an annualized basis for the fifth straight month. The Pending Home Sales Index (PHSI) is a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR). The PHSI decreased to 105.9 in May from… Read More ›
Existing-home sales decreased 0.4% in May to a level 3.0% below a year ago, and sales have now decreased year-over-year for three consecutive months. The first-time buyer share of 31% was down from 33% last month and a year ago. The National Association of Realtors reported that 58% of homes sold last month were on the market less than a… Read More ›
May is National Home Remodeling Month. As has become a tradition, Eye on Housing recognizedthe occasion with a series of posts related to the topic. As the month draws to a close, we provide a summary of those posts for readers who may have missed them: Remodeling in 2017: Baths Reclaim Top Spot from Kitchens: May 2, 2018. For Remodelers,… Read More ›
The Pending Home Sales Index decreased 1.3% in April, and remains 2.1% below the level one year ago, having declined on an annualized basis for the fourth straight month. The Pending Home Sales Index (PHSI) is a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR). The PHSI decreased to 106.4 in April from an… Read More ›
With this post NAHB announces the release of its latest estimates of spending on improvements to owner-occupied homes at the zip code level. The new estimates are for calendar year 2018 and include the number of owner-occupied homes, the number with improvement spending during the year, the average spending per improved home, total spending on improvements within the zip code, and the drivers of remodeling activity used to… Read More ›