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US Home Ownership Rate, Price-to-Rent Ratio
According to Census Bureau’s Housing Vacancy Survey, the US homeownership rate dropped to 62.9 per cent in 2Q 2016, according to Eye on Housing Tuesday. Elsewhere, on a price-to-rent basis, the Case-Shiller National index is back to July 2003 levels, the Composite 20 index is back to June 2003 levels, and the Core– Logic index…
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US House Prices, New Home Sales Volatility
The pace of the S&P CoreLogic Case-Shiller US National Home Price Index index (equal to 100 in January 2000) rose from 136.7 in December 2011 to 179.4 in May of 2016. The monthly change between April and May was 0.2 per cent, or 2.3 per cent on an annualized basis, and the index is up…
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US Existing Home Sales
Total US existing-home sales climbed 1.1 per cent to 5.57 million in June, from a downwardly revised 5.51 million in May, said the National Association of Realtors Thursday. US Existing Home Sales Total existing-home US sales climbed 1.1 percent to a seasonally adjusted annual rate of 5.57 million in June from a downwardly revised 5.51…
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Housing Starts, US: June 2016
US housing starts for June surged 4.8 per cent to a seasonally adjusted annual pace of 1.19 million units, the Commerce Department said on Tuesday. May’s starts were revised down to a 1.14 million-unit pace from the previously reported 1.16 million-unit pace. US Housing Starts Housing starts in 2Q were a touch higher than the…
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US Home Builder Share Prices Increase
Very positive moves by share prices of two of the biggest US home builders, DR Horton and PulteGroup, Thursday — even before US housing starts data came out — provide further indication that the long-suffering US housing market is slowly continuing to improve. US Home Builder Share Prices Rise Even before new US housing start…
