Market Outlook

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.

NAHB: Builder Confidence Slips in June

NAHB: Builder Confidence Slips in June

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Homebuilder confidence dropped two points in June according to the National Association of Home Builders Housing Market Index. June’s index reading was 64, which indicates strong sentiment among home builders for current housing market conditions.

Case-Shiller: Home Price Growth Slows in March

Case-Shiller: Home Price Growth Slows in March

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Case-Shiller Indices reported slower home price growth in March with a 3.70 percent gain year-over-year as compared to 3.90 percent home price growth for the year-over-year period in 2018. This was the slowest pace of home price growth in seven years.