Dismal Month for Existing Home Sales
Monthly sales of pre-owned homes fell to the lowest level in two years, while the annual rate was down from a year earlier by the most in three years.
Housing Starts Strongest Since 2016 on Multifamily
As multifamily dragged down completed construction, it was responsible for pushing up new housing permits and driving housing starts to the highest level since 2016.
Northeast Holds Back Builder Confidence
Increased sales expectations among home builders offset diminished confidence about current sales conditions. The Northeast was the only region with deterioration.
Little Impact on Home Purchases From Rising Rates
A pair of reports suggest that sales of single-family properties this year are not likely to be impacted much from the rising trend for interest rates.
Former Fannie Employee Accused of Taking Bribes
A former Fannie Mae employee has been charged with taking bribes on real-estate owned properties. It's the second time an employee from the same office has been accused of such crimes.
Pending Home Sales Up Again, But Outlook Weak
Led by the South, pending home sales were up again and most recently stood at the highest level in nine months. But the outlook for strengthening is weak.
Home Prices Continue to Rise, Seattle Leads
National home values continued to appreciate, with some home price indices continuing to set new records. While Seattle continued to lead the price gains, the nation's capitol hasn't fared so well.
Decade High for New Home Sales
New home sales last year soared to the highest level in a decade. In stark contrast to existing home sales, the inventory of new homes for sale was the highest in eight years.
Record Low Existing Home Inventory, Supply
Existing home sales climbed to the highest level in 11 years during 2017. At the same time, the inventory of homes for sale and number of months supply ended the year at a record low.
South Drives Dip in Housing Permits
A drop in building permits during the final month of last year was driven by the South, while the West was behind an increase in completed construction.