Homebuilders Are Back At It — Should We Be Worried?

By Barbara Kiviat Tuesday, Aug. 11, 2009
In June, the number of new houses being built unexpectedly jumped from the month before. The Census Department recently reported that June also showed an increase — a small increase, but one nonetheless — in the amount of money going toward residential construction. Housing permits, which also speak to builder confidence, are creeping up too. As an Aug. 10 report from Oppenheimer Asset Management put it, "this part of the housing market appears to be finding its footing."

Home prices fall at record pace in first quarter

National home prices are at levels not seen since the end of 2002, but a closer look at data released Tuesday shows the worst may be over for some cities.

U.S. Housing Starts Drop to Record-Low 458,000 Pace

May 19 (Bloomberg) -- Builders broke ground on the fewest homes on record in April as a plunge in work on condominiums and apartment buildings overwhelmed the second straight gain in starts on single-family properties.

U.S. Pending Home Resales Increase for a Second Month

May 4 (Bloomberg) -- The number of Americans signing contracts to buy previously owned homes jumped in March for the first back-to-back gain in almost a year, reinforcing signs that the housing slump in its fourth year may be near a bottom.

U.S. Economy: Existing Home Sales Hover Near Four-Month Average; Prices Increase

April 23 (Bloomberg) -- Sales of existing U.S. homes in March stayed near a four-month average, and prices rose from February, a sign the housing recession has stopped getting worse.

U.S. MONTHLY HOUSE PRICE INDEX ESTIMATES 0.7 PERCENT PRICE INCREASE FROM JANUARY TO FEBRUARY

WASHINGTON, DC – U.S. home prices rose 0.7 percent on a seasonally-adjusted basis
from January to February, according to the Federal Housing Finance Agency’s monthly
House Price Index.

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