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National Association of Home Builders/Wells Fargo Housing Market Index (HMI) shows:

  • Builder confidence in the market in June hit its highest level since September 2014.
  • The index registered a score of 59 in June, up five points from May. (A score over 50 indicates more builders view conditions as good than poor.)
  • The component gauging current sales conditions leaped seven points to 65.
  • The component gauging sales expectations jumped six points to 69.
  • The component gauging buyer traffic rose four points to 44.

The California Association of Realtors (CAR) reported that existing-home sales were down in May:

  • Sales for existing single-family homes totaled 423,360 in May on a seasonally adjusted annualized rate.
  • May sales were down 1.1 percent from April 2015 (see infographic below) but up 8.9 percent from May 2014.
  • The statewide median home price for May was $485,380, up 0.8 percent from April 2015 and up 4.4 percent from May 2014.
  • CAR indicated that the available housing supply is still low, with 3.5 months of inventory available.

2015_April_Sales

The Canadian Real Estate Association posted national home sales activity for May 2015:

  • National home sales rose 3.1 percent from April 2015 to May 2015.
  • The MLS home price index rose 5.17 percent from May 2014 to May 2015.
  • The national average sales price rose 8.1 percent year over year in May.

WalletHub released its list of the best and worst cities for families:

Best Cities for Families Worst Cities for Families
1 Overland Park, Kan. 141 Washington, D.C.
2 Plano, Texas 142 New Orleans, La.
3 Virginia Beach, Va. 143 Fort Lauderdale, Fla.
4 Lincoln, Neb. 144 Shreveport, La.
5 Sioux Falls, S.D. 145 Mobile, Ala.
6 Madison, Wis. 146 Baton Rouge, La.
7 Fremont, Calif. 147 Miami, Fla.
8 Chesapeake, Va. 148 Detroit, Mich.
9 Colorado Springs, Colo. 149 Birmingham, Ala.
10 Grand Prairie, Texas 150 Jackson, Miss.

Source: WalletHub

Email market updates to press@inman.com.

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