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US Housing and Real Estate Situation
By: Stephen Kim, Barclays’ US building products and home-building-equity analyst via Business Insider “At this point, it has become hard to overlook housing’s dismally slow pace of recovery. Sure, home prices are back to historic highs and housing-market activity continues to pick up, but many important aspects of the housing market are depressed. The housing…
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US House Prices
US home prices climbed 0.6 per cent on a seasonally adjusted basis from June, the Federal Housing Finance Agency said in a report from Washington Tuesday. The gain was 5.8 per cent from a year earlier. The FHFA’s index is 1.1 per cent below its March 2007 peak and about the same as the November…
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US Rates on New Home Loans: July 2015
On average, the contract rate on conventional mortgages used to purchase newly-built homes increased 12 basis points in July, to 3.98 per cent, according to data released Friday by the Federal Housing Finance Agency. At 3.98, this is the highest the contract rate has been since December of last year. Initial fees have some ability…
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US Housing Starts: July 2015
US home building ticked up in July thanks to a surge in construction of single-family homes. US housing starts rose 0.2 per cent from a month earlier to a seasonally adjusted annual rate of 1.21 million last month, the highest since October 2007, the Commerce Department said Tuesday. That is the third time in four…
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US Home Sales, Prices: June 2015
New-home sales fell 6.8 per cent in June from a month earlier to a seasonally adjusted annual rate of 482,000, the lowest reading since November 2014, the US Commerce Department said Friday. US new home sales fell 1.1 per cent in May, down from an initially reported 2.2 per cent increase. Sales jumped 28 per…
