Market Outlook

NAHB: Home Builders Remain Confident

NAHB: Home Builders Remain Confident

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The National Association of Home Builders Housing Market Index shows steady builder confidence in housing market conditions. September’s index reading of 68 was one point higher than August’s reading. Any reading over 50 indicates that most home builders surveyed view housing market conditions as favorable. August’s original index reading was adjusted upward by one point.

Case-Shiller: Home Prices Growth Slows in March

Case-Shiller: Home Prices Growth Slows in March

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Home price growth slowed again in May according to Case-Shiller home price indices. Home price growth slowed for the 14th consecutive month to its lowest rate in 12 years. Case-Shiller’s National Home Price Index showed 3.40 percent growth year-over-year in May as compared to April’s year-over-year reading of 3.50 percent.

NAHB: Housing Market Index Rises 1 Point in July

NAHB: Housing Market Index Rises 1 Point in July

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Home Builder sentiment rose one point in July according to the National Association of Home Builders Housing Market Index. 2019 builder confidence in housing market condition continued to fall short of 2018 levels. July’s Housing Market Index reading of 65 was one point higher than June’s reading.

Case-Shiller: Annual Home Price Growth Slows for 13th Consecutive Month

Case-Shiller: Annual Home Price Growth Slows for 13th Consecutive Month

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Case-Shiller’s 20-City Home Price Index for April showed further declines in home price growth with 2.50 percent year-over-year home price growth as compared to March home price growth of 2.60 percent. New York City home prices held steady month-to-month and Seattle, Washington’s home prices were unchanged year-over-year after posting 13 percent home price growth in 2018.