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US House Price Index
This CoreLogic House Price Index report is for May. The recent Case-Shiller index release was for April. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA). CoreLogic Reports National Homes Prices Rose by 6.3 Percent Year Over Year in May 2015 CoreLogic® … Tuesday released its May 2015 CoreLogic…
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US Home New and Existing Sales: May and June 2105
The rate of new single-family home sales, as estimated by the Census Bureau Wednesday, improved to a seasonally adjusted annual rate of 546,000 in May, the fastest pace in seven years and a 2.2 per cent increase over April. Meanwhile the National Association of Realtors (NAR) Pending Home Sales Index increased for the fifth straight…
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Construction Spending US: May 2015
The Census Bureau reported Wednesday that overall construction spending in the US increased in May: The US Census Bureau of the Department of Commerce announced that construction spending during May 2015 was estimated at a seasonally adjusted annual rate of US$1,035 billion, 0.8 per cent above the revised April estimate of US$1,027 billion. The May…
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Housing Analysis: US Home Prices Edge Higher As Supply Declines
The upward pressure on US home prices is being driven more by supply than demand. And this is lifting the housing sector of late: • Momentum in US sales of both new and existing homes; • Post-bubble burst, price has appreciated much faster than sales improvement; and, • Builders express optimism but are cautious in…
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Homeownership vs Rental Rates, US
Amercia’s homeownership rate has been falling for eight years, down to 63.7 per cent in 1Q this year from a peak of over 69 per cent in 2004, according to a new report released by Harvard University’s Joint Center for Housing Studies, said the New York Times Wednesday. The flip side of the decline in…
