March was a stellar month for housing starts with numbers touching an almost five-year high. Beginning construction of new homes skyrocketed to 1.4 million, making the industry dizzy with excitement. But, the momentum is slowing down a bit. That’s an expected trend and shouldn’t be a cause of worry. Housing starts fell to a 970,000 annual rate in April. Bloomberg says it’s an indication that work on apartment buildings is slowing down. . . .
Read more about Housing Market News
{ 0 comments }
Last month, new home construction soared to the highest level since before the financial crisis, according to data released by the Commerce Department. Housing starts jumped 7 percent in March to a seasonally adjusted rate of 1.04 million. The big surge is indicative of the market’s recovery from what some have called the worst recession since the Great Depression.The numbers beat analysts’ expectations. Economists surveyed by Dow Jones Newswires were expecting a rise of . . .
Read more about Real Estate News
{ 1 comment }
The roller coaster continues in the housing market. Home resales are up, but a new builder report released this week had some gloomy numbers. Home starts also fell, indicating once again that the housing market is still not out of the woods. First the positive report. Existing home sales rose 0.4 percent in January, leaving the supply of homes at its . . .
Read more about Home Sales and Builder Confidence
{ 0 comments }
Charging ahead on the recovery path, the housing market had another set of good news this week. Home prices climbed 5.5 percent in November when compared to a year ago period. Of the 20 cities tracked by Standard & Poor’s/Case-Shiller home-price index, 19 posted gains. Shrinking inventory and foreclosures, a healing economy, low interest rates and . . .
Read more about Rising Home Prices and Homebuilder Profits
{ 0 comments }
The year is ending with a bang for the housing market, despite some setbacks. The market that once dragged the economy down seems to be the one now breathing some life into it. In November, building permits, a measure for future construction, rose 3.6 percent to 899,000. That’s the highest level since July 2008. Analysts surveyed by Bloomberg were expecting . . .
Read more about Real Estate News
{ 0 comments }
New home orders jumped for luxury homebuilder Toll Brothers Inc., ensuring the company a hefty quarterly profit, and giving a huge boost for the market as a whole. In the fourth quarter ended October, signed agreements for new homes skyrocketed 70 percent to 1,098, Toll Brothers said. The company’s cancellation rate dropped 4.6 percent in the same quarter compared to 7.9 percent a year ago. . . .
Read more about Real Estate News
{ 0 comments }
This month, the housing industry has a lot to be thankful for. Home sales are on the rise, interest rates are at an all time low, and housing starts are seeing positive growth. Here’s a roundup from the weekly news feeds on the market. . . .
Read more about Real Estate Market News
{ 0 comments }
We are in recovery mode. But, reflecting the uncertain times, sales numbers in different segments continue to send out mixed messages. According to new data released this week, new home sales had the best performance in two years, but sales of existing homes dropped. So, builders continue to celebrate, while sellers of occupied homes are still nursing their heartburn. Riding on the latest trend of positive news from the housing market, new figures released by the U.S. Department of . . .
Read more about Real Estate Market Recovery
{ 0 comments }
First the good news. For the 22nd month, foreclosure filings declined, according to RealtyTrac, an online marketer of foreclosed properties. Last month, there were less than 192,000 reported foreclosure filings including default notices and bank repossessions. That’s 3 percent down from the previous month. Compared to last year, that’s a 10 percent dip. . . .
Read more about Housing Market News
{ 0 comments }
Last month, Americans bought new homes at the fastest pace in more than two years. New home sales increased 7.6 percent in May compared to the previous month, according to the Commerce Department. That’s an annual rate of 369,000 homes when adjusted seasonally. . . .
{ 0 comments }
