The S&P CoreLogic Case-Shiller Indices are the leading measures of U.S. home prices. Here are five things to watch for in this month’s report which will reflect February’s housing market. FRED’s S&P/Case-Shiller 20-City-Composite Home Price Index. 1. Slower appreciation. The prevailing trend has been slower growth every month. In December […]
Tag: housing market
Speculators return to Las Vegas as home prices surge
More than any other U.S. city, Las Vegas epitomized the housing boom and bust of the last decade. Housing prices were on a seemingly unending growth spree, a trend fueled by speculators flooding into the market and reaping profits off the bubble. Then, the bubble popped, cratering prices and pushing […]
Five Things to Watch in Tuesday’s Housing Starts Report
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development will release their report on the country’s new residential construction for March on Tuesday morning. Economists expect a slight increase in the rate new construction, following the trend of the sector’s steady recovery from the 2007 crash. […]
Home prices remained strong in January, putting prospective buyers in a tough spot
Home prices continued to rise during the first month of 2018, though the pace of growth is expected to slow down this year. The Case Shiller National Home Price Index rose 6.2 percent compared with January 2017, essentially the same as the 6.3 percent year-over-year increase reported in December, according […]
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 […]
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 […]
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 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 […]
Stagnant wages and job insecurity for Millennials drags homeownership rate to 19-year low
Stevie-Lynn Pickel and her fiancé, Adonis Smith, put money into a joint savings account whenever they can. The couple has a two-year plan: save up $35,000 for a down payment on a three-bedroom house, move out of the condominium they’re renting in Waterbury, Connecticut and then get married. “We want […]
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 […]