A 0.7 percent increase in median home prices in 146 metropolitan areas in April brought them to their highest point in almost a year, according to a report from the National Association of Realtors.
Housing starts in April were nearly 30 percent higher than the year before, with 717,000 new homes beginning construction (seasonally adjusted annual rate), according to data released today by the Census Bureau and the Department of Housing and Urban Dev
Builder confidence in the market for newly built, single-family homes gained five points in May from a downwardly revised reading in the previous month to reach a level of 29 on the NAHB/Wells Fargo Housing Market Index (HMI), released today.
While raw new home construction data shows that Houston issued the most construction permits in 2011, a recent analysis by Trulia looked at the number of permits issued per 1,000 existing housing units in 100 metropolitan areas.
Seventy-four housing markets across the nation saw median home prices increase in the first quarter of 2012, the National Association of Realtors said in a report released Wednesday, which is slightly more than half of all the markets it surveys.
Sitting at the head of Realtor.com’s Top Turnaround Towns for the first quarter of 2012, the Phoenix-Mesa market is one of many areas hit hardest by foreclosures that are now showing signs of recovery.
Using data released last week by Trulia on rentals in the 100 largest housing markets nationwide, 24/7 Wall Street determined the six U.S. metropolitan areas where rental costs have increased the sharpest in the last year (by 10 percent or more).
