Markets & Economy

Real estate market recap, Aug. 10-14

The big news in real estate markets, recapped for your convenience

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

BuildZoom's residential construction and remodeling indices showed: New-home permit activity in the U.S. remains 60.7 percent below 2005 levels. In contrast, activity in the remodeling industry (by permits pulled) has fully recovered from the housing bust and is 3.4 percent above its 2005 level. Four of the nation's five largest metros have seen noticeable year-over-year improvement in new-home construction; however, these levels still significantly trail activity seen in 2005.   Auction.com's July existing-home sales predictions were revised to show: Auction.com has revised its July existing-home sales projections and now expects roughly 5.57 million annual home transactions. The revision represents a 1.4 percent increase from June -- a more modest increase than initially forecasted. It also represents a decline of 100,000 sales in comparison to the initial July forecast of 5.67 million.   Dan Geller's Money Anxiety Index showed: Comp...