Homebuilder sentiment index rises 4 points in April as tax credit rush lifts sales, traffic
Alex Veiga, AP Real Estate Writer, On Thursday April 15, 2010, 2:13 pm
LOS ANGELES (AP) — U.S. home builders are seeing a pickup in sales and customer traffic as home buyers rush to qualify for tax...
Home Price data released today shows an increase for the 3rd straight month in the average price of home, showing more signs of stabilization in housing. If we continue to see positive housing data across all major metro’s this should translate to a recovery.
Housing has been buoyed by the...
It’s taken sometime, but recently, the Inland Empire has been a hot spot for builders buying up land at low prices. This is the first time in more than 3 years builders have been actively shopping for land to build future communities. The landscape of these communities is not determined yet, but...
9/1/09- Seasonally adjusted index of sales contracts signed in July has risen to the highest levels in 2 years to 97.6 according to The National Association of Realtors (NAR). This reading is 12% higher than the same month last year. Analysts predict sales will likely drop once the first time home...
08/25/09- Case-Shiller Home Price Index shows a rise for the second consecutive month in June nation wide. The Los Angeles Metro area showed a modest 1.1% increase in prices. David Blitzer, chairman of the Index Committee at S&P said, “There are hints of an upward turn from a bottom. However...
Several top economists have predicted a “W” shape recovery, well what is a “W” shaped recovery, and how do you navigate it?
We have experienced the leg down…now we are navigating through our first “leg up” in the “W”. The leg up was facilitated by...
Aug. 17, 2009- Home builder sentiment data released today, shows new homes builders are bullish about building. The sentiment level is the highest in over a year, jumping 4 points to 30. The highest since April 2008.
One reason for the month over month higher readings is due in part to the Federal Tax...