Steel Blog

Home Prices Continue Upward Trend

Tuesday, September 26, 2017 4:15 PM Written by
Published in Housing

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index gained 5.9 percent in July following a 5.8 percent gain in June. The 20-City Composite posted a 5.8 percent year-over-year gain in the latest report, up from 5.6 percent the previous month.

A modest inventory is allowing sellers to boost prices as competition for available homes intensifies. Prices accelerated the most in Seattle, Portland and Las Vegas, with year-over-year gains of 13.5 percent, 7.6 percent and 7.4 percent, respectively.


Existing-Home Sales Grow 3.3% in January

Thursday, February 23, 2017 2:50 PM Written by
Published in Housing

Existing-home sales in January increased at the fastest pace since February 2007, said the National Association of Realtors. January sales grew 3.3 percent year over year to a seasonally adjusted annual rate of 5.69 million.


Home Prices Continue to Rise Says Case-Shiller Index

Tuesday, December 27, 2016 3:41 PM Written by
Published in Housing

Home prices continued to increase in October according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. Home prices gained 5.6 percent in October overall with the 20-city Composite reporting a year-over-year gain of 5.1 percent.

On a month-over-month basis prior to seasonal adjustment, the national index rose 0.2 percent in October. The 10-City Composite was unchanged and the 20-City Composite inched up 0.1 percent.


New Home Sales Fall in October

Saturday, November 26, 2016 1:51 PM Written by
Published in Housing

Sales of new single-family houses fell 1.9 percent in October to a seasonally adjusted annual rate of 563,000 units compared to a downwardly revised SAAR of 574,000 units for September. According to the U.S. Census Bureau and the Department of Housing and Urban Development, the rate was 17.8 percent above the October 2015 estimate of 478,000.


Housing Starts Drop but Permits Surge in September

Wednesday, October 19, 2016 5:50 PM Written by
Published in Housing

Housing starts dropped to a seasonally adjusted annual rate of 1,047,000 in September, according to the U.S. Department of Commerce. The decline was 9 percent below August’s revised estimate and 11.9 percent below the September 2015 rate.


New Home Sales Are Solid In August

Monday, September 26, 2016 5:02 PM Written by
Published in Housing

Sales of new single-family homes fell 7.6 percent month-over-month but were 20.6 percent higher on a year over year basis, according to data released by the Department of Commerce. August sales were at a seasonally adjusted rate of 609,000, compared to the upwardly revised rate of 659,000 in July and 505,000 in August 2015.

The August dip was less than forecast by analysts at Reuters who were expecting sales to be down to 600,000 for the month. The revision to the previous month’s estimate put July sales at the highest annualized level since October 2007. Despite the month-over-month decline, August sales continued to indicate a solid market following July’s surge.


Housing Starts Up 4.8 Percent in June

Tuesday, July 19, 2016 7:07 PM Written by
Published in Housing

Housing starts rose 4.8 percent in June to a seasonally adjusted annual rate of 1,189,000, exceeding analyst expectations for the month. On a year-over-year basis, starts were 2.0 percent lower than the rate of 1,334,000 in June 2015. May’s estimate was revised downward to 1.14 million unit rate from the previously reported 1.16 million units.


Home Prices Continue to Rise in S&P/Case-Shiller Index

Tuesday, May 31, 2016 4:32 PM Written by
Published in Housing

The latest release of the S&P/Case-Shiller Home Price Indices shows home prices continue to rise across the U.S. On a year-over-year basis, the U.S. National Home Price Index in March gained 5.2 percent while the 10 and 20-City Composites remained unchanged at 4.7 percent and 5.4 percent, respectively.


New Home Sales Dip Slightly in March

Monday, April 25, 2016 7:18 PM Written by
Published in Housing

Sales of new single family homes fell 1.5 percent in March to a seasonally adjusted annual rate of 511,000, according to data related by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. February’s sale pace was revised upwards to 519,000 units from 512,000 units originally reported.


New Home Sales Dip Slightly in March

Monday, April 25, 2016 7:22 PM Written by
Published in Housing

Sales of new single family homes fell 1.5 percent in March to a seasonally adjusted annual rate of 511,000, according to data related by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. February’s sale pace was revised upwards to 519,000 units from 512,000 units originally reported.


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