Tag: U.S. housing market

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 […]

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 […]