Construction spending at highest level in 7 years (9/1/2015)
The U.S. is building. Construction spending rose 13.7% over the past year, with July’s single-family houses up 2.1%, factories 4.7% and power facilities 2.1%.
Bouncing stock market impacts on southwest Fla. real estate (8/31/2015)
A bouncing market may make some second-home buyers hold off on their plans while they wait for stability to return, say several area real estate experts.
Cash still king in Florida real estate (8/28/2015)
RealtyTrac: In July, the state was again tops in the nation for single-family homes and condos bought with no financing. Sebastian was No. 1 for metros.
NAR: Pending home sales inch forward in July (8/27/2015)
Up slightly from June, the Pending Home Sales Index rose 7.4% over the July 2014 level. It has increased year-over-year for 11 months in a row.
Homebuyers to make comeback in next decade (8/27/2015)
A new MBA report estimates that as many as 1.3M additional owner households will be created each year – substantial growth from the Great Recession years.
U.S. new-home sales rebound in July (8/25/2015)
Sales rose 5.4% for the month, and they’ve gone up 21.2% through the first half of the year. Still, the supply of new and existing homes remains tight.
Fla.’s single-family home sales rose 21.8% in July (8/20/2015)
Florida Realtors July housing report found higher median prices, more pending sales and a tight inventory. Nationally, sales rose 2% despite fewer for-sale homes.
NAR: Total existing home sales up 2% despite stubbornly low inventory (8/20/2015)
Single-family home starts up to pre-recession level (8/18/2015)
Help is on the way: While overall home starts rose only 0.2% in Aug., the single-family component spiked 12.8% as builders broke ground on new homes.
NAR: Home prices rise in nearly all metro areas in 2Q (8/11/2015)
Fla.’s housing market: Sales, prices up in 2Q 2015 (8/11/2015)
Florida Realtors: Single-family sales up 15% year-to-year, median price up 11.1%. Condo sales up 7.3%, price up 9.2%. NAR: Nearly all metros show price gains.
Homeownership rate drops but probably hit bottom (8/3/2015)
The homeownership rate dropped to a 35-year low in the second quarter, but experts say it’s the final symptom of the recession – and it should change soon.
Construction spending rose 0.1 percent in June (8/3/2015)
The lower-than-expected increase still had a residential construction increase, but was offset by a drop in non-residential construction.
Pending home sales dip in June (7/29/2015)
More homes would have sold had there been more homes to sell. NAR’s pending sales index dropped 1.8% month-to-month, but it’s up 8.2% year-to-year.
RealtyTrac: June cash sales down, FHA loans up (7/23/2015)
Overall, the U.S. is a real estate market in transition as investors back off purchases and owner-occupants step up.
NAR: Existing-home sales rise in June, prices surpass 2006 (7/22/2015)
Existing-home sales increased in June to their highest pace in over eight years.
Fla.’s housing market: More closed sales, rising prices in June 2015 (7/22/2015)
Florida Realtors: Single-family sales up 19.6% year-to-year as prices rose 10%. NAR says U.S. median sales prices are at an all-time high with sales up 9.8%.
RealtyTrac: Rental returns down in 59% of U.S. counties (7/9/2015)
Counties in Jacksonville had year-over-year increase in potential rental returns; analysis found buying a home is more affordable than renting in 66% of U.S. counties.
More homeowners warm up to idea of selling (7/9/2015)
Fannie Mae survey: Thanks to job and income growth, more Americans (52%) think it’s a good time to sell a home, which could ease tight inventory conditions.
U.S. home prices still going up – but not as fast (6/30/2015)
S&P/Case-Shiller found a 4.6% year-to-year price increase in April – a bit less than the March rate. But not all cities fared the same; Miami had a 7.5% increase.
NAR: May’s pending home sales hit nine-year high (6/29/2015)
NAR’s chief economist says it’s “encouraging to now see a broad-based recovery with all four major regions showing solid gains from a year ago.”
NAR: Existing-home sales bounce back strongly in May (6/22/2015)
Fla.’s housing market: Prices up, inventory tighter (6/22/2015)
Florida Realtors May report: Single-family sales up 7.7% year-to-year, price up 11.1%; condo price up 9.7%. U.S. single-family sales up 9.7% year-to-year.
Builder confidence hits yearly high in June (6/15/2015)
Buyers are excited about new homes again, according to this month’s builders survey that finds an uptick in “serious and committed buyers at their job sites.”
Delaying homeownership could be costly decision (6/4/2015)
Wealth effect: Over 30 years, an average homebuyer would accumulate about $217,726 in today’s dollars relating to the purchase, a Realtor.com analysis found.
CoreLogic: Home prices move higher in April (6/2/2015)
Tight housing inventory coupled with buyer demand led to a 2.7% month-to-month increase in home prices; year-to-year, prices rose 6.8% – in Fla., 9%.
NAR: Pending home sales at highest level since 2006 (5/28/2015)
April pending sales rose 14% year-to-year – the biggest single-month increase in almost three years – as buyers made offers on a limited number of for-sale homes.
Fla. home prices to rise 4-5% over next 12 months (5/27/2015)
NAR: Realtors in eight states, including Fla., expect a 4-5% price increase over the next year. Colo. Realtors predict even more, and no state expects a decline.
New-home sales jump 6.8% in April (5/26/2015)
A higher-than-expected spike suggests builders have picked up production as buyers, frustrated by a lack of resale inventory, turned their focus to new housing.
NAR: Existing-home sales lose momentum in April (5/21/2015)
Fla.’s housing market: More closed sales, listings in April 2015 (5/21/2015)
Florida Realtors April report: Single-family sales up 17.9% year-to-year, price up 11.4%; condo sales, price rose. U.S. single-family sales up 6.1% year-to-year.
Home prices starting to rise quickly again (5/12/2015)
NAR: In NAR’s latest quarter-to-quarter analysis (1Q 2015 compared to 4Q 2014), twice as many metro areas saw double-digit price appreciation.
Fla.’s housing market shows strength in 1Q 2015 (5/11/2015)
Florida Realtors: 1Q single-family sales up 18.6% year-to-year, median price up 8.3%. Condo sales up 7.1%, price up 7.4%. Median price higher in many U.S. metros.
NAR: Metro home prices maintain steady growth in 1Q 2015 (5/11/2015)
NAR: Majority of metros experiencing widening inequality (5/8/2015)
NAR: 90% of metros have experienced declining homeownership at a time when home values have risen and incomes have remained flat, widening income inequality.
NAR: Pending home sales at 17-month high (4/29/2015)
For the third month in a row, the number of signed U.S. home sale contracts rose. More good news: Owner-occupant buyers appear to be replacing cash investors.
NAHB new-home forecast: Steady now, more next year (4/27/2015)
The builders’ chief economist says 7.4 million home sales were lost to a slow recovery and job uncertainty, but some – no one knows how many – will soon be back.
NAR: Existing-home sales spike in March (4/22/2015)
Fla.’s housing market continues growth trends in March 2015 (4/22/2015)
Florida Realtors March report found a 24.6% year-to-year increase in single-family sales and 9.2% price boost. U.S. sales jumped a higher-than-expected 6.1%.
Housing starts edge up 2% in March (4/16/2015)
The new-home sector continues to rebound, though at a slow pace. Single-family builds rose 4.4% for the month and permits rose 2.1%.
Pending home sales rise 3.1% in Feb. despite weather (3/30/2015)
The number of homes under contract but not yet sold rose nationwide year-to-year; the South and Northeast saw a slight month-to-month decline.
NAR: Existing-home sales slightly up in Feb., price growth gains steam (3/23/2015)
Fla.’s housing market shows positive momentum (3/23/2015)
Florida Realtors’ Feb. data finds more closed sales, pending sales and new listings statewide. Median single-family price rose 9.1% year-to-year; condos up 8.3%.