Sales of newly built, single-family homes declined 2.1 percent to a seasonally adjusted annual rate of 464,000 units in November from an upwardly revised strong pace of 474,000 units in the previous month, according to data released today by the …
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Existing-Home Sales Decline in November, but Strong Price Gains Continue
Existing-home sales fell in November, although median prices continue to show strong year-over-year growth, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 4.3 percent to …
Read More »Builder Confidence Improved in December
Builder confidence in the market for newly built, single-family homes improved four points to a 58 reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for December. This gain reflected improvement in all three index components—current …
Read More »RETAIL THERAPY: The Right Stuff
When I was younger I wanted to open a chain of stores. The stores would be part shoe retailer, part hair salon and part pub, and I wanted to name them Jaime’s Shoes, Dos and Brews. While this was just …
Read More »Builder Confidence Holds Steady in November
Builder confidence in the market for newly built, single-family homes was unchanged in November according to the National Association of Home Builders/Wells Fargo Housing Market Index. For the sixth consecutive month, more builders have viewed market conditions as good than …
Read More »Pending Home Sales Decline in October
Pending home sales were down in October, a decline the National Association of Realtors® attributed to the government shutdown. The Pending Home Sales Index, a forward-looking indicator based on contract signings, slipped 0.6 percent to 102.9 in October from 102.7 in …
Read More »Home Improvement Spending Expected to Slow Down by Mid-2014
The home remodeling market continues to grow, with strong gains predicted through the beginning of 2014, according to the Leading Indicator of Remodeling Activity (LIRA) recently released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. …
Read More »Existing-Home Sales Drop in September
After hitting the highest level in nearly four years, existing-home sales declined in September, but limited inventory conditions continued to pressure home prices in much of the country, according to the National Association of Realtors®. Total existing-home sales declined 1.9 percent to a …
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