Category Archives: Other Housing Data

Lackluster Housing Numbers

Housing data are disappointing.  Permits for new homes in March were down 2.4% from February with weakness concentrated in apartments and a slight  increase in single family homes. Housing starts were up 2.8% in March from February and single family unit starts were up 6% on the month. However, at 946,000 starts at annual rates, […]

Sales Volume Slips in February, Institutional Buyers Pull Back, Distressed Sales Fall

RealtyTrac® , released its February 2014 Residential & Foreclosure Sales Report on March 27th, showing that U.S. residential properties, including single family homes, condominiums and town homes, sold at an estimated annual pace of 5,083,241 in February, a 0.2 percent decrease from the previous month but still up 7 percent from a year ago  February […]

U.S. Housing Finance Reform: The Potential Credit Impact On Financial Institutions And Mortgage Insurers

Real Estate C(r)ash Sales

The Great Recession led to a surge in cash sales that heavily contributed to the stabilization and recovery in the residential market. Over the past two years however, cash sale shares peaked and are currently receding. Going forward, for the market to continue to recover, trade up and first time home buyers have to replace […]

Charts of Rent vs. Buy and Inflation Adjusted Home Prices

Based on data from the latest S&P/Case-Shiller Home Price Indices and the US Consumer Price Index, we show a chart of relative costs of renting or buying a home and the impact of inflation on home prices.  Buying is slightly favored over renting compared to the average since 1987 for the S&P/Case-Shiller 10-City Composite.  In […]

The U.S. Real Estate Industry: Standard & Poor’s Addresses The Top Investor Questions

Sales volume still low

Housing statistics for June and July 2012 were largely positive, but we still have not seen a real pickup in sales volume for more than five years. The S&P/Case-Shiller sales pair counts, NAR’s existing home sales and the US Census housing starts remain low compared to their pre-recession levels. S&P/Case-Shiller sales pairs are updated the […]

U.S. Home Buyers Return, But Can Builders Deliver?

U.S. homebuilders continue to face headwinds as they recover from a very protracted downturn, but trends appear to be slowly improving. Standard & Poor’s Ratings Services’ base-case outlook for credit quality for the U.S. homebuilding sector in 2012 and 2013 is neutral. Our baseline economic forecast calls for a slow recovery, with real GDP growing […]

Consumers continue to repair their balance sheets

On July 17th, S&P Dow Jones Indices and Experian released June 2012 data for the S&P/Experian Consumer Credit Default Indices, which measure consumer credit default rates. June data showed a decline in the composite index, led by an nine basis point drop in first mortgage default rates. Second mortgage default rates fell by even more […]

House Prices and the Unemployment Rate

On Friday the Bureau of Labor Statistics will release the unemployment rate for December.   Whatever the numbers look like we are sure to hear a debate about housing and unemployment — are they related, which causes which and does one hold the key to solving the other.  A quick look at the way home prices […]


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