Posts Tagged housing news

Home Price Gains Slowing

mini houses on stacks of coins

The rate at which home prices are increasing appears to be slowing down, according to the latest Case-Shiller National Home Price Index. Fewer than half of the cities tracked by the organization posted price increases on an unadjusted basis in October, with annual readings also showing price gain slowdowns. The Case-Shiller National Home Price Index, which covers all nine U.S. census divisions, reported a 5.5 percent annual gain in October, which is unchanged from the year-over-year reading in September. This is noteworthy because the index had not been below 6 percent in twelve months until it fell to 5.7 percent

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Single-Family Housing Starts Decline in November

house on chart showing decrease in statistics

Amid growing affordability concerns, the number of single-family housing starts fell in November. Despite overall housing starts getting a small boost last month, the number of single-family housing starts fell 4.6 percent to 824,000 units. According to the National Association of Home Builders (NAHB), data from the U.S. Department of Housing and Urban Development (HUD) and the Commerce Department showed overall housing starts increasing 3.2 percent in November to a seasonally adjusted annual rate of 1.26 million units. This is in comparison to a downwardly revised October reading. Year-to-date, new housing starts are 5.1 percent above their level over the same

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Apartment Size Shrinks While Rent Soars

condo community

Apartments are getting smaller, yet renters are paying more. This troubling trend could become a growing problem for younger and lower-income individuals, especially those who wish to save up for a down payment on a house.

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