residential real estate

Home Prices Continue to Slide as Case-Shiller Index Hits New Lows for February 2012

The February 2012 S&P Case Shiller home price index shows a -3.5% decline from a year ago over 20 metropolitan housing markets and a -3.6% decline for the top 10 housing markets from February 2011. Home prices are back to November 2002 levels for the composite-20 and April 2003 for the composite-10 and are new lows, not seasonally adjusted.

Residential New Construction Housing Starts -5.8% for March 2012

The March 2012 Residential construction report showed Housing starts decreased, -5.8%, from February's revised 694,000, to a level of 654,000. Housing starts have increased 10.3% from a year ago. Single family housing starts declined -0.2%. The -5.8% drop was due to apartments, 5 units or more of one building structure, which decreased -19.8% in one month.

 

Case-Shiller Home Prices Declined -4.0% From a Year Ago in December 2011

The S&P Case Shiller home price index shows a -4.0% decline from a year ago over 20 metropolitan housing markets and a -3.9% decline for the top 10 housing markets from December 2010. Home prices are back to early 2003 levels and new index lows. S&P itself has woken up and realized home prices have not yet reached a bottom.

Residential New Construction Housing Starts Increase 1.5% for January 2012

The January 2012 Residential construction report showed Housing starts increased 1.5% from December's revised 689,000, to a level of 699,000. December housing starts were revised significantly, from 657,000 to 689,000. January 2012 is now 9.9% above January 2011's 636,000 housing starts. Housing starts increase was due to apartments, 5 units or more of one building structure, which increased 14.4% in one month.

Case-Shiller Home Prices Decline -3.7% From a Year Ago in November 2011

The S&P Case Shiller home price index shows a -3.7% decline from a year ago over 20 metropolitan housing markets and a -3.6% decline for the top 10 housing markets from November 2010. Home prices are back to early 2003 levels. S&P on the continued falling home prices:

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