National market update
Existing-Home Sales Rebound 3.0 Percent in February
WASHINGTON (March 21, 2018) — Despite consistently low inventory levels and faster price growth, existing-home sales bounced back in February after two straight months of declines, according to the National Association of Realtors®. Sizeable sales increases in the South and West offset declines in the Northeast and Midwest.
Read more
Exclusive: Property Brothers Reveal How to Save Tons of Cash on Kitchens!
"Property Brothers" stars Jonathan and Drew Scott don't just create dream homes for their clients on TV—they also do it for free! How? As part of Habitat for Humanity's second annual Home Is the Key Campaign, running through the month of April, the Scotts are helping build two homes in Nashville, TN, for single moms Ashlee and Amanda.”
Read more
National housing indicators
Existing home sales (February)
5.54 millions units*
Existing home median price (February)
$241,700
Housing Starts (February)
1.236 millions units*
New home sales (January)
0.593 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National economic indicators
Home ownership
4th Quarter 2017
64.2%
3rd Quarter 2017
63.9%
The homeownership rate of 64.2 percent was not statistically different from the rates in the fourth quarter 2016 (63.7 percent) or the third quarter 2017 (63.9 percent).
New home sales
January 2018
-7.8%
February 2018
-0.6%
Sales of new single-family houses in February 2018 were at a seasonally adjusted annual rate of 618,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.6 percent (±13.3 percent)* below the revised January rate of 622,000, but is 0.5 percent (±16.6 percent)* above the February 2017 estimate of 615,000.
Source: U.S. CENSUS BUREAU
Comments(0)