Tag: housing market

Construction workers on a residential construction sites in Phoenix, AZ. Source: Leblanc Construction/Wikimedia Commons

Construction Labor Costs Drive Home Prices Up, Pushing Buyers Out

Homebuilders are desperate to build more homes as demand accelerates across the country though they can’t because they simply do not have enough workers. The dearth in labor has squeezed homebuilders who have seen costs rise. It is the rise in labor costs in particular that has some construction firms […]

New Sell Construction For Sale Buy Industry Home

Five Things to Watch in the February Home Prices Report

The Case Shiller Home Prices Indices for February 2017 will be released on Tuesday morning. Last month’s report saw a 5.9 percent annual gain in the national index for the month of January, up from 5.7 percent in the previous month. Prices are at an all-time high since the housing […]

Source: Matthew Hurst

High Prices, Low Supply Force Homebuyers to Scramble for Fewer Homes

Housing prices hit a 31-month high in February amid depressed inventory, making it hard for first-time buyers to purchase homes. The Case Shiller Home Price Index for the nation rose 5.7 percent in January over the previous month and increased 5.9 percent from the same month a year ago. Inventory […]

Home prices and sales have risen as signs of a healthy economy.

Housing Prices Cap Off 2016 With A High

Consumers cast a strong vote of confidence in the Trump administration as they pushed housing prices up with prospects of a growing economy. The Case Shiller National Home Price index, released on February 28, reported a 5.8 percent annual gain from November, faster than last month’s robust gain. Prices increased […]

Housing starts down again in January

U.S. homebuilders started construction on fewer projects in January than in December, continuing a six-year, saw-tooth pattern of ups and downs in housing starts. January housing starts were at a seasonally adjusted annualized rate of 1.065 million units, 2 percent below the downwardly revised December estimate of 1.087 million. Economists […]

March Housing Starts Will Rise With the Mercury

It’ll be a spring thaw: Housing starts likely jumped as soon as the weather warmed up in March, even as concerns remain about the cost of land and labor. Starts will rise to a seasonally adjusted annualized pace of 970,000 when the Census releases its home-construction report tomorrow morning, according […]

Housing Recovery Masks Dangers for Young

Housing Recovery Masks Dangers for Young

Galen Eckenroth has what he knows is an uncommon pastime for someone his age: He’s looking to invest in real estate. Yet no matter how much he looked last year, the 26-year-old from San Diego just wasn’t able to buy. He says that in a city where buyers were willing […]

Februarys weather kept U.S. housing starts low, at a seasonally adjusted, annualized rate of 907,000, down 2,000 from January. Heavy permit applications, however, suggested the numbers would increase again once the weather warmed.

February Cold Keep Housing Starts Flat

Weather held U.S. housing starts flat in February, even as the sector showed signs it would grow in spring. Starts dropped to a seasonally adjusted, annualized pace of 907,000 in February, a mere 0.2 percent below January’s revised estimate of 909,000, according to data released jointly on March 18 by […]

Home prices dropped slightly in December

  The housing market’s recovery slowed at the end of 2013 as U.S. home prices nationwide dropped slightly. The National Home Price Index declined 0.3 percent in the fourth quarter, according to S&P/Case-Shiller Home Price Indices, released by S&P Dow Jones Indices Feb. 25. The 10-City and 20-City Composites increased […]