According to the National Association of REALTORS®, Existing Home Sales rose 8 percent in August.
Building Permits Rising Nationwide; Housing Starts To Follow
Single-Family Housing Starts fell for the second consecutive month, dropping to a seasonally-adjusted, annualized 417,000 units in August 2011.
Homebuilder Confidence Stays Flat
Homebuilders are feeling worse about the market for new homes nationwide.
Annual Foreclosure Filings Down For 11th Straight Month
On an annual basis, foreclosure filings fell last month. On a monthly basis, they did not.
Home Affordability Still Tops Nationwide
The National Association of Home Builders reports a Q2 2011 Home Opportunity Index reading of 72.6. Nearly 3 of 4 homes sold last quarter were affordable to households earning the national median income of $64,200.
Home Values Rose In June 2011
The June 2011 Case-Shiller Index reading posted strong numbers across the board, with each of the index’s 20 tracked markets showing home price improvement from May.
Pending Home Sales Slip In July; Creates Buyer Opportunity
After 3 straight months of gains, the Pending Home Sales Index slipped 1 percent in July.
New Home Supplies Remain Flat; Builders Not Over-Extending
Sales of newly-built homes slipped in July, falling 1 percent as compared to June. Home buyers closed on a seasonally-adjusted, annualized 298,000 units, the lowest reading since February.
Existing Home Sales Slip In July
Existing Home Sales nationwide fell to 4.67 million units on a seasonally-adjusted annualized basis last month. It’s the fourth straight month below the 5 million mark, and the report’s lowest reading since November 2010.
Housing Starts Tick Lower; Building Permits Tick Higher
Single-Family Housing Starts fell to a seasonally-adjusted, annualized 425,000 units in July, according to the Census Bureau.