CB March/April 2015

Financing

CoreLogic: April home prices up from March, previous year

Home prices increased for the second straight month in April, according to the latest CoreLogic Home Price Index, rising 2.6 percent excluding distressed sales.

CoreLogic, Home Price Index, HPI, April 2012, distressed sales, rising

Codes + Standards

PHIUS to launch PHIUS + 2015 passive building standard on March 25

The building energy performance target is in the “sweet spot” where cost effectiveness overlaps with aggressive energy and carbon reduction

Sales

Builder Sentiment in April

Builder confidence hit a new high in April, increasing one point to 63, according to the National Association of Home Builders’ monthly confidence index data.

Housing Markets

Hottest March Market Is...

... in Ohio! Three of the top 20 hottest U.S. real estate markets in March were in The Buckeye State, and Columbus was ranked number one. Akron and Canton were the other Ohio markets, ranked 16th and 19th, respectively.

Sales

Bidding Wars Down in April

In April, 15 percent of offers written by Redfin agents on for-sale homes in the U.S. faced competition, posting a "dramatic" 45 percent year-over-year drop.

@daniel_von_appen | In April, 15 percent of offers written by Redfin agents on for-sale homes in the U.S. faced competition, posting a "dramatic" 45 percent year-over-year drop.

Codes + Standards

This Week's Codes and Standards, April 2

Houston rebuilding efforts, stucco use in construction, and the specialists chosen to develop the first community-wide resilience benchmarks related to buildings in the U.S.

Home Builders Institute's Schools to Skills Grant Application Open Through December

As Mortgage Rates Rise, Buyers Lose Purchasing Power

Renters Are Choosing Single-Family Homes for These Features