Tag Archives: Global Insight

Forget easing prices, new homes are up, up, up

Existing home price gains decelerated in July on the Case-Shiller index, likely due to the sharp jump in mortgage rates, but the gains were still sizable and unlikely to abate much. That’s due simply to lack of supply. The number … Continue reading

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Home sales suffer on higher rates: Realtors

The figures come on the heels of very weak sales of newly built homes in July, down 13 percent from June, according to the U.S. Census. Analysts blamed higher interest rates and some expected existing home sales to fall even … Continue reading

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Housing starts stall, optimism doesn’t

Despite an unexpected and substantial fall in new home construction in June, industry analysts appear undeterred in their veritable housing euphoria. “This reflects a characteristically volatile multi-family sector rather than renewed weakness, and we expect homebuilding volumes to rise further … Continue reading

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Home Builders Slow New Construction, Raise Prices

(Read More: Home Builder Confidence Hits 7-Year High) “What are they so excited about?” asked Hunter. “That they have pricing power.” Housing completions fell 0.9 percent to an annualized rate of 690,000, well below demand. Underlying demand consists of new … Continue reading

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Even as Housing Revives, Apartment Growth to Boom

“Despite overtures of the headwinds from new supply, our April survey results showed positive gains in both occupancy and rents ahead of expected seasonal trends,” she wrote in a report to clients. (Read More: Apartment Building Bubbles as Single-Family Homes … Continue reading

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