Category Archives: Housing Data

What Ails Housing Starts

August housing starts, reported today, were disappointing at 956,000 units, a drop of 14.4% from July and 8% from August last year. Only twice this year have monthly reports of housing starts topped a million units at annual rates – from 1991 to the financial crisis in 2008, starts were never below one million.  To […]

How the Cities Did in June 2014

Widespread Slowdown in Home Price Gains According to the S&P/Case-Shiller Home Price Indices

Data through June 2014 show a sustained slowdown in price increases. The National Index gained 6.2% in the 12 months ending June 2014 while the 10-City and 20-City Composites gained 8.1%; all three indices saw their rates slow considerably from last month. Every city saw its year-over-year return worsen. S&P/Case-Shiller Home Price Indices ─ June […]

All Cash and Institutional Investor Shares of Home Sales Drop

RealtyTrac® released its Q2 2014 U.S. Institutional Investor & Cash Sales Report, showing all-cash sales accounted for 37.9% of all sales of single family homes and condos nationwide in the second quarter, down from a three-year high of 42.0% in the previous quarter but up from 35.7% in a year ago. The report also shows […]

Foreclosure Activity Rises 2% in July, Down 16% Year-over-Year

RealtyTrac® reported today that there were foreclosure filings — default notices, scheduled auctions and bank repossessions — in July 2014 on 109,434 U.S. properties, an increase of 2% from the previous month but down 16% from a year ago. One in every 1,203 U.S. housing units with a foreclosure filing during the month. July was […]

How the Cities Did in May 2014

  Click on table for larger image

Home Price Gains Continue to Moderate According to the S&P/Case-Shiller Home Price Indices

Data through May 2014 show the Composite Indices increased at a slower pace. The 10-City Composite gained 9.4% year-over-year and the 20-City 9.3%, down significantly from the +10.9% and +10.8% returns reported last month. S&P/Case-Shiller Home Price Indices ─ May 2014

Buy-to-Rent or Rent-to-Sell

The entry of corporate buyers and private equity firms into the housing market in 2012 and 2013 was hailed as a way to soak up the over-supply of foreclosed homes and get the housing market back in shape.  One result were higher home prices as seen in the 10.8% year-over-year gain reported in the most […]

Rate of Home Price Gains Drop Sharply According to the S&P/Case-Shiller Home Price Indices

Data through April 2014, released today by S&P Dow Jones Indices, show that the 10-City and 20-City Composites posted annual gains of 10.8%. This is a significantly lower rate when compared to last month. Nineteen of the 20 cities saw lower annual gains in April than in March. California (Los Angeles, San Diego and San […]

Housing Bubbles Around the World

The International Monetary Fund (IMF), best known for bailing out over-indebted countries, is worried about housing bubbles around the world. In a recent speech (here) Martin Zhu, the Deputy Managing Director of the IMF, notes that housing prices are climbing in numerous countries. Citing the experience here in the U.S. with the housing boom and […]

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