February 25, 2017

Property Values Continue Descent

During February, residential home values declined 1% in the twenty largest metropolitan cities, according to data [.pdf] released today from S&P. This is the seventh consecutive month with a reduction in home prices. All twenty of these cities recorded monthly declines, excluding Detroit, with fourteen of these cities declining 1% or more. The greatest monthly […]

Home Sales Slightly Rise in March

After new home sales recorded an all-time low in February, new home sales increased 11.1% during March, according to data [.pdf] released today from the Housing Department and Census Bureau. Despite this slight increase, the amount of new home sales during March rank seventh among the ten lowest months of home sales since record keeping […]

Housing Construction Ticks Up in March

During March, construction of new homes increased 7.2%, according to data released today [.pdf] from the Housing Department and Census Bureau. The annual rate of housing starts in March totaled 549,000, compared to a revised rate of 512,000 in February. Despite this modest increase, a broader comparison shows the construction rate of new homes in […]

Foreclosure Facts March 2011

During March, the amount of foreclosure filings totaled 239,745, according to statistics released today from RealtyTrac. This is a 7% increase compared to February, when there were 225,101 filings. Despite this modest increase, the amount of foreclosure filings in March marked the fifth consecutive month with fewer than 300,000 filings. Prior to this five-month streak, […]

Home Prices Drop in January

The first report of residential home values in 2011 continued a dismal trend. During January, residential home values declined 1.0% in the twenty largest metropolitan cities, according to statistics [.pdf] released today from S&P. This is the sixth consecutive month with a reduction in home values. Excluding Washington, price reductions occurred in all twenty of […]

Home Sales Hit Record Low In February

The US housing market continued to struggle in February. New home sales declined 16.9% in February, according to statistics [.pdf] released today from the Housing Department and Census Bureau. February not only marks the second consecutive month with a double-digit decline in new home sales, but February also marks the lowest level of sales since […]

Housing Construction Tumbles

During February, residential construction declined 23%, according to housing statistics released today [.pdf] from the Census Bureau and Housing Department. This decline resulted with the third-lowest level of housing starts since record keeping began in 1959. There were 40,000 housing starts in February, or an annual rate of 479,000 (revised to 512,000 in March). April […]

Foreclosures Hit 3 Year Low in February

During February, the total amount of foreclosure filings declined to 225,101, according to statistics released today from RealtyTrac. This is a 14% reduction compared to January, when there were 257,747 filings. February also marked the fewest amount of foreclosure filings in three years – dating back to February 2008. While these improvements are associated with […]