Real gross domestic product increased at an annual rate of 1.6% in the first quarter, per the advance estimate released by the Bureau of Economic Analysis.
Tag: Selma Hepp
New Home Sales Reach Strongest Pace Since September
Sales of new single‐family houses increased 8.8% in March to a seasonally adjusted annual rate of 693,000, according to the U.S. Census Bureau and HUD.
Housing Starts Fall in March
Housing starts fell 14.7% month-over-month and 4.3% year-over-year in March, per the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
S&P CoreLogic Case-Shiller Report Finds 6.0% Annual Home Price Growth
U.S. house prices continue to increase, with the S&P CoreLogic Case-Shiller U.S. National Home Price Index reporting a 6.0% annual gain in January, up from 5.6% in December.
CoreLogic: Homeowner Equity Up 8.6% in Q4 2023
CoreLogic, Irvine, Calif., released its Homeowner Equity Insights report for the fourth quarter of 2023, finding homeowners with mortgages have seen their equity increase by a total of $1.3 trillion since Q4 2022. That’s a gain of 8.6% year-over-year.
Builder Sentiment Increases for Third Consecutive Month
Expectations that mortgage rates will continue to moderate, the prospect of future rate cuts and a protracted lack of existing inventory boosted home builder sentiment for the third straight month.
Job Growth Drives Home Price Gains in December, CoreLogic Reports
CoreLogic, Irvine, Calif., reported annual U.S. home price growth increased to 5.5% in December, the highest rate of appreciation recorded since January 2023.
CoreLogic: Home Prices Again Increase in October
CoreLogic, Irvine, Calif., reported single-family home prices increased by 4.7% year-over-year in October.
Existing Home Sales Dip in October
Existing home sales dropped in October, the National Association of Realtors reported Tuesday.
Home Builder Sentiment Dips Again: NAHB
Builder confidence in the market for newly built single-family homes fell six points to 34 in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index, the fourth consecutive monthly drop in builder confidence.