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US House Prices
The S&P/Case-Shiller index of property values increased 5 per cent from February 2014, the biggest year-to-year gain since August, after rising 4.5 per cent in the year ended in January, the group said Tuesday in New York. As well, the Federal Housing Finance Agency (FHFA) Aprill 22 released the House Price Index data for February,…
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Home Sales, US
Sales of previously owned US homes rose to the highest level in 18 months in March. Existing-home sales increased 6.1 per cent last month from February to a seasonally adjusted annual rate of 5.19 million, the National Association of Realtors said Wednesday. That was the highest level since September 2013. At the current sales pace,…
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National Multi Housing Council Quarterly Survey of Apartment Market Conditions – April 2015
All four indexes landed above the breakeven level of 50 in the April National Multifamily Housing Council Quarterly Survey of Apartment Market Conditions. The Market Tightness Index increased by 7 points from last quarter (and by 2 points from a year earlier) to 58. Thirty-one per cent of respondents reported tighter conditions than three months…
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US Housing Starts: March 2015
Groundbreaking on new US homes increased 2 per cent to a seasonally adjusted annual pace of 926,000 units in March, the Commerce Department said Thursday. That left the bulk of February’s decline, which had been blamed on bad weather, intact. New single-family homes building rose 4.4 per cent. Groundbreaking for the multi-family homes segment fell…
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House Prices Up 5 Per Cent
The recent release by the FHFA shows that its US House Price Index – Purchase Only, rose by 5.1 per cent on a 12-month seasonally adjusted basis in January 2015. This marks the 36th consecutive month of year-over-year growth. Over this nearly three-year period, house prices have risen by 20.1 per cent. Elsewhere, on a…
