Hurt by foul weather and a soft market, the Pending Home Sales Index plunged 12 percent in April.
Category Archives: Housing Analysis
Case-Shiller Shows Home Values Rolling Back 9 Years
The March Case-Shiller Index was released this week and it corroborates the findings of the government’s most recent Home Price Index — home values are slipping nationwide.
Home Affordability Still Soaring; New Records Reached
The National Association of Home Builders reports that Q1 2011 Home Opportunity Index reached an all-time high for the second straight quarter last quarter.
Home Price Index Shows Values Down 19 Percent From Peak
Home values dropped for the sixth straight month in March 2011, according to the Federal Home Finance Agency’s Home Price Index. The Home Price Index is a government-sponsored home value tracker.
New Home Sales Increase For The Second Straight Month
Sales of newly-built homes surprised Wall Street, jumping 7 percent to an seasonally-adjusted, annualized 323,000 units last month.
Building Permits Fade Faster Than Expected
Single-family housing starts fell 5 percent as compared to March 2011, and 30 percent as compared to April one year ago.
Home Builders Seeing More Sales Today; Fewer Sales Tomorrow
Home builder confidence can’t shake its range, according to the National Association of Home Builders. The group’s monthly Housing Market Index put May’s builder confidence reading at a level of 16.
Foreclosure Filings Fall To 40-Month Low
Based on data from foreclosure-tracking firm RealtyTrac, foreclosure filings nationwide fell below 220,000 in April 2011, a 9 percent decrease from March and the lowest total in 40 months.
Foreclosures And Short Sales Distorting “Home Price Trackers”
The Federal Home Finance Agency data had home values down 1.6 percent nationwide in February, on average, marking the fourth straight month in which prices fell.