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US New and Existing Home Sales: October 2015
Census and HUD reported Wednesday new homes sales for October rebounded from their unexpected low in September to a level of 495,000 on an annual basis. This is a 10.7 per cent increase from the revised September, a 1.6 per cent increase from the 3Q average and a 15.7 per cent increase in year-to-date not…
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US Residential Property Values: September 2015
The typical size of newly built single-family homes was effectively unchanged from 2Q to 3Qf 2015, posting a small quarterly decline. The current data is consistent with the general trend of flat growth for the size of typical newly-built homes, a pattern that took hold during 2014. As first-time buyers return to the market, typical…
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US Apartment Absorptions: 2Q 2015
The US rental apartment market continued to be strong during 2Q 2015, as multifamily production levels remain elevated. According to NAHB analysis of the most recent data from the Census Bureau and Department of Housing and Urban Development Survey of Market Absorption of Apartments, completions of privately financed, unsubsidized, unfurnished rental apartments in buildings with…
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US House Prices
The CoreLogic HPI Forecast, released Tuesday, indicates that home prices in the US are projected to increase by 4.7 per cent on a year-over-year basis from September 2015 to September 2016, but could potentially dip slightly month over month from September 2015 to October 2015. US House Prices The CoreLogic Home Price Index Forecast indicates…
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US REO Inventory: 3Q 2015
Freddie Mac Tuesday reported a net loss of US$475 million for 3Q 2015, compared to net income of US$4.2 billion for 2Q 2015. The company also reported a comprehensive loss of US$501 million for 3Q 2015, compared to comprehensive income of US$3.9 billion for 2Q 2015. Single-family Real Estate Owned (REO) inventory (measured in number…
