From the monthly archives:
The S&P/Case-Shiller home price index figures were just released. The good news? Home prices in 20 major metropolitan areas rose 4.2% year-over-year in June, compared with forecasts for a gain of 3.5%. On a monthly basis, the index was up 0.28% from May as well.
The moderately bad news? That 0.28% gain was the smallest since [...]
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The latest figures on home construction just hit the tape. So what happened in July?
* Overall housing starts climbed 1.7% from June to a seasonally adjusted annual rate of 546,000. That missed expectations for a reading of 560,000. June’s figure was revised down to 537,000 from 549,000. Building permits slumped 3.1% to 565,000 from a [...]
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The National Association of Home Builders just released its latest numbers on the housing market. The overall index slumped to 13 from 14, compared with expectations for a slight increase. That’s the worst level going all the way back to March 2009.
The subindex that measures current sales slipped to 14 from 15, while the index [...]
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Pending home sales were just reported for June. They slumped another 2.6% in the month after a 29.9% plunge in May. That failed to meet market expectations for a 4% gain. Moreover, sales were weak in three out of four regions of the country — down 0.2% in the West, down 9.5% in the Midwest, [...]
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