According to the Census Bureau, seasonally-adjusted, single-family Housing Starts rebounded in March, increasing 8 percent over February’s 2-year low.
As Buyer Traffic Grows, Homebuilder Confidence Slips
According to the National Association of Homebuilders, the Housing Market Index slipped one point to 16 in April. It’s the 5th time in 6 months that the index read 16 — a figure exactly in line with the 1-year average, but still considered “poor”.
Foreclosures Drop 35 Percent Year-Over-Year
According to foreclosure-tracking firm RealtyTrac, the number of national foreclosure filings plunged 35 percent in March 2011 as compared to March 2010, a statistic that reflects a more healthy housing market and more robust outlook for 2011.
January 2011 Case-Shiller Index : Weak And Flawed
According to the January Case-Schiller Index, values are down 3.1% from last year, retreating to the same levels from Summer 2003. As a buyer or seller in today’s market, though, don’t read too much into it. The Case-Shiller Index is far too flawed to be the final word in housing.
Pending Home Sales Rebound; Suggest Brighter Spring For Housing
February’s Pending Home Sales Index rebound breaks a 2-month losing streak, and reverses recent downward momentum in housing.
New Home Sales Fall To All-Time, Recorded Low. Maybe.
Sales of newly-built homes plunged 17 percent to an seasonally-adjusted, annualized 250,000 units in February, and the supply of new homes rose to 8.9 months in February — a 1.5 month jump from January. But there’s more to the story.
Existing Home Sales Unexpectedly Drop In February
Existing Home Sales fell 10 percent last month, according to a report from the National Association of REALTORS®.
Good News For Sellers — Housing Starts Plummet In February
Home prices are based on supply and demand and overall home supply looks headed for a fall. Sellers are poised to regain negotiation leverage.
Homebuilders Expect More Sales Volume This Year
According to the monthly Housing Market Index as published by the National Association of Homebuilders, after 4 straight months of reading 16, March homebuilder confidence ticked 1 point higher to 17. It’s the highest confidence reading in 10 months.
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