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- Construction starts on single-family homes, at 759,000 units (seasonally adjusted annual rate — SAAR) in the third quarter of 2016, were up slightly from the previous quarter (1 percent) and previous year (2 percent).
- The pace of single-family housing starts is now more than half the annual rate of 1.36 million units in 2002, before the housing bubble began.
- Multifamily housing starts fell to 373,000 units (SAAR) in the third quarter, a decrease of 5 percent from the previous quarter and 7 percent from the previous year.
- National vacancy rates in the fourth quarter 2016 were 6.9 percent for rental housing and 1.8 percent for homeowner housing. The rental vacancy rate of 6.9 percent was not statistically different from the rate in the fourth quarter 2015 (7.0 percent) or the rate in the third quarter 2016 (6.8 percent).
- The homeowner vacancy rate of 1.8 percent was not statistically different from the rate in the fourth quarter 2015 (1.9 percent) or the rate in the third quarter 2016 (1.8 percent).
- The homeownership rate of 63.7 percent was not statistically different from the rate in the fourth quarter 2015 (63.8 percent) or the rate in the third quarter 2016 (63.5 percent).
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- January sales will fall between seasonally adjusted annual rates of 5.32 and 5.67 million, with a targeted number of 5.49 million.
- This is the same number of homes sold in December of 2016.
- It’s also an increase of 0.03 million from January 2016.
- Buyers get, on average, a 6.1 percent discount in February.
- January, March and April are the next-best months in which to buy.
Home equity rates:
Most recent market news:
- After rising 5.7 percent from the start of 2016, U.S. home prices are now within just 0.3 percent of a new national peak.
- For the fifth straight month, New York led all states in monthly home price appreciation, seeing 1.1 percent growth from October 2016.
- Home prices hit new peaks in six of the nation’s 20 largest states and eight of the 40 largest metros.
- Real house prices increased 4.4 percent between October 2016 and November 2016
- Compared to November 2015, real house prices increased by 1.7 percent.
- Real house prices are 37.1 percent below their housing-boom peak in July 2006 and 15.5 percent below the level of prices in January 2000.
- The Pending Home Sales Index (PHSI) increased 1.6 percent to 109.0 in December from 107.3 in November.
- The index is now 0.3 percent above last December (108.7).
- Existing-home sales are forecast to be around 5.54 million this year, an increase of 1.7 percent from 2016, which was the best year of sales since 2006.
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