According to the National Association of Home Builders/Wells Fargo Housing Market Index, a combination of shrinking new home inventory plus higher-quality foot traffic is boosting builder optimism.
Category Archives: Housing Analysis
October 2010 : 5 States Account For Half Of The Nation’s Foreclosure Activity
As usual, foreclosure density varied by region last month, with just 5 states accounting for close to half of the nation’s repossessed homes.
Pending Home Sales Slip In September, Suggesting A Buyer’s Market Until January
So long as mortgage rates remain rock bottom, the autumn season is looking like a terrific time to buy.
Foreclosure Activity By Metro Area, Q3 2010
Foreclosures are a big part of the housing market, with distressed properties accounting for 35 percent of all home resales last month, according to the National Association of REALTORS®. But for as common as foreclosures can be, they remain a localized concern.
New Home Housing Stock Drops To A 5-Month Low
After improving 1 percent in August, New Home Sales popped another 7 percent in September. It’s no wonder homebuilder confidence is at a 5-month high.
Home Values Up 0.4 Percent In August, On Average
The Federal Home Finance Agency’s data showed values up 0.4 percent nationwide, on average. Region-by-region, however, the results were scattered. Coastal states tended to perform poorly. Plains states tended to perform well.
Housing Starts Jump In September, Buoyed By Homebuilder Confidence
According to the Commerce Department, the number of single-family Housing Starts increased to 452,000 units in September, a 19,000 improvement over August.
As Buyer Foot Traffic Rises, So Does Homebuilder Confidence
According to the NAHB, October’s HMI reading of 16 is its highest value in 5 months. The uptick hints that the market for newly-built homes may rebound more quickly that this summer’s weak new homes sales figures would otherwise suggest.
Bank Reposessions Top 100,000 In A Month For The First Time Ever
The number of foreclosure filings rose 3 percent in September, according to foreclosure-tracking firm RealtyTrac.