Existing-home prices have continued to show gains in June, although sales fell due to tight supply of affordable homes, according to the National Association of Realtors.
Nationwide housing production rose by 6.9 percent to a seasonally adjusted annual rate of 760,000 units in June, according to newly released figures from the Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.
Builder confidence in the market for newly built, single-family homes rose six points to 35 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for July, released today.
In a live CNBC interview Thursday with Becky Quick of "Squawk Box" Warren Buffett said general U.S. economic growth has "tempered down," but that the country's housing market has seen a "noticeable" pickup.
According to a national study conducted by the National Association of Home Builders (NAHB) forty percent of single-family home builders plan to hire skilled labors during the next year.
The list of U.S. housing markets showing measurable and sustained improvement rose by four to include 84 metros in July, according to the National Association of Home Builders/First American Improving Markets Index (IMI), released today.