Eye on Economy - June 25, 2014
-
Upload
national-association-of-home-builders -
Category
Economy & Finance
-
view
348 -
download
2
description
Transcript of Eye on Economy - June 25, 2014
Eye on EconomyA Biweekly look at Housing
EconomicsJune 25, 2014www.eyeonhousing.org
New Single Family Home Sales Reached Their Highest Pace in Six Years in May.
• Home sales were at 504,000 giving May an 18.6% increase since April
• Likely due to:• Weather payback - south• Improving job market -
West• Read more here
Housing Market Index Rose Four Points in June
• Builder confidence is growing
• Some cautiousness remains among builders and consumers
• Read more here
New Single Family Home Sales Reached Their Highest Pace in Six Years in May.
• Home sales were at 504,000 giving May an 18.6% increase since April
• Likely due to:• Weather payback - south• Improving job market -
West• Read more here
Census Bureau and Department of Housing and Urban Development Estimate that Housing Starts Declined 6.5%
• Starts in May• Single-family - down
5.9%• Multi-family - down 8.3%
• Likely due to:• Very high April numbers
• Read more here
Home Price Appreciation Appears to be Slowing
• S&P/Case-Schiller• 10.8% growth between
April 2013 and April 2014
• Federal Housing Finance Agency• 6% growth since March
• Read more here
Producer Prices Declined .2%
• Lumber prices rose 1% • OSB prices
declined .7%
• Gypsum prices declined .7%
• Read more here
Consumer Prices in May Experienced the Largest Monthly Increase since February
• 2.1% increase year-over-year
• Affected energy, food, and shelter
• Real Rent Index• Increased 1.1%
• Read more here
County-level Housing Permit Activity
• 1,807 counties saw increase in single family permits
• 858 saw decrease• Read more here
Mortgage Bankers Association Tracks Mortgages for New Homes
• Decreased 8.4%• Not seasonally
adjusted
• Increased 4.9% year-over-year
• Read more here
Quarter One Property Taxes
• Top revenue source for local and state governments
• 40.3% of total receipts• Read more here
www.eyeonhousing.org