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Tag: US housie prices

US Rental Rate Increases

US Rental Rate Increases

USA Today reported Tuesday that apartment lease renewals hit an all-time high of nearly 54 per cent in 2016. This is up from 52.9 per cent last year and a more-conventional 45 per cent in the mid 2000s.   US Rental Rates Millennials are faced with student debt and expensive home buying options, which drives them into metro areas where developers have started putting up luxury apartment buildings, according to USA Today Tuesday. Elsewhere, Real estate research firm CoStar released…

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US House Prices, Construction Spending

US House Prices, Construction Spending

The Case-Shiller (CS) National Home Price Index, reported by S&P Dow Jones Indices Wednesday, continued its upward trend in June. The index rose at a 2.5 per cent seasonally adjusted annual pace, faster than the 1.6 per cent in May. Elsewhere, NAHB analysis of Census Construction Spending data Thursday shows that total private residential construction spending for July registered a seasonally adjusted rate of US$445.5 billion, slightly up from the June downwardly revised estimate. US House Prices: June 2016 The…

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US Negative Equity Rate, Home Property Values

US Negative Equity Rate, Home Property Values

According to the Zillow Negative 2Q Equity Report, released Thursday, the overall US negative equity rate as of the end of 2Q 2016 – the share of homeowners that were underwater, owing more to their lenders than their home was worth – was 12.1 per cent. That’s down from 12.7 per cent in 1Q and 14.4 per cent at the same time a year ago . Elsewhere, FNC released their June 2016 index data Monday, reporting that their Residential Price…

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US Household Debt: 2Q 2016

US Household Debt: 2Q 2016

The Federal Reserve Bank of New York’s Center for Microeconomic Data Tuesday issued its Quarterly Report on Household Debt and Credit, which reported that household debt increased by US$35 billion (a 0.3 per cent increase) to US$12.29 trillion during 2Q 2016. This moderate growth was driven by increases in auto loan and credit card debt, which increased by US$32 billion and US$17 billion respectively. Mortgage debt declined by US$7 billion in 2Q, after a US$120 billion increase in 1Q, and…

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US Housing Affordability: 2Q 2016

US Housing Affordability: 2Q 2016

According to the National Association of Home Builders / Wells Fargo Housing Opportunity Index, solid home price appreciation more than offset a modest reduction in mortgage interest rates to push housing affordability lower in 2Q 2016. The national median home price increased from US$223,000 in 1Q 2016 to US$240,000 in 2Q. Meanwhile, average mortgage rates edged lower from 4.05 per cent to 3.88 per cent in the same period. According to historical data, housing affordability usually takes a notch down…

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New Home Sales, Pending Home Sales, US: June 2016

New Home Sales, Pending Home Sales, US: June 2016

The US Census Bureau and Department of Housing and Urban Development in a joint release Wednesday reported that newly constructed single family homes sold at a seasonally adjusted annual pace of 592 thousand in June and revised May sales up to 572 thousand. According to the National Association of Realtors’ Pending Home Sales Index Thursday, nationwide signed contracts for existing homes inched up 0.2 per cent over the month of June 2016. US Pending Home Sales: June 2016 According to…

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US Home Ownership Rate, Price-to-Rent Ratio

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 is back to May 2003, said Calculated Risk Tuesday. US Home Ownership Rate: June 2016 According to US Census Bureau’s Housing Vacancy Survey (HVS) Thursday,…

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US House Prices, New Home Sales Volatility

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 5 per cent since last May according to the National Association of Home Builders’ Eye on Housing Tuesday. Meanwhile, NAHB analysis of the most recent…

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US Existing Home Sales

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 million in May, said the National Association of Realtors Thursday. After last month’s gain, sales are now up 3.0 per cent from June 2015 (5.41…

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US Home Builder Share Prices Increase

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 data for June officially came out Thursday, CNBC announced early positive moves by two major US home builders: DR Horton — Matched estimates with quarterly…

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