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Apartment Vacancy Rate, US: 2Q 2105
Reis reported Thursday that the US apartment vacancy rate was unchanged at 4.2 per cent during the second quarter with construction and net absorption effectively in balance. This is compared to 4.2 per cent in 1Q. In 2Q 2014 the rate was also 42 per cent. The vacancy rate peaked at 8 per cent at…
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US All-Cash Home Sales: February 2015
According to CoreLogic Wednesday, cash sales of US homes made up 37.9 per cent of total sales nationally in February 2015, down from 40.6 per cent in February 2014. February is the 26th consecutive month of declines. Home Sales, US Month over month, the share of all-cash home sales fell by 1 percentage point, said…
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US Housing Affordability Edges Up
Slightly lower interest rates and home prices in markets across the country contributed to a slight increase in nationwide housing affordability in 4Q 2014, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index Thursday. In all, 62.8 per cent of new and existing homes sold between the beginning of October and end…
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NMHC: Apartment Market Conditions Slightly Tighter in January Survey
Apartment markets expanded in three of four areas in the January National Multifamily Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions, indicating a slight moderation of the pace of improvement. Only the sales volume index (44) dropped below 50, with market tightness (51), equity financing (55) and debt financing (71) showing continued expansion. From…
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US Home Sales
New-home sales in the US fell in June and May’s reading was revised significantly lower, the Commerce Department said Thursday. Sales of new single-family homes fell 8.1 per cent from May to a seasonally adjusted annual rate of 406,000, Meanwhile, May sales were revised down to a rate of 442,000 from a previously estimated 504,000.…
