Real estate data provider Clear Capital announced national quarterly gains are achieved for the eighth straight month, pushing the yearly home price increase to 2.3%, while three of the four U.S. regions maintain positive quarter-over-quarter price returns.
The economic rollercoaster continues for landscape architecture firms, as firm leaders reported modest decreases in work and increases in hiring compared to the previous quarter.
National vacancy rates in the fourth quarter 2009 were 2.7 percent for homeowner housing, not statistically different from the fourth quarter 2008 rate (2.9 percent) or from the rate last quarter (2.6 percent), according to the Census Bureau.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in December, increased 1 percent to 96.6 from 95.6 in November, and remains 10.9 percent above December 2008 when it was 87.1.
Homebuilder D.R. Horton Inc. today reported a profit for the first time since 2007 with a gain of $192 million in the first fiscal quarter, compared with a loss of $62.6 million in the prior-year period.
First American CoreLogic projects its LoanPerformance Home Price Index (HPI) to decline 0.23% in the winter, but increase 2.94% excluding distressed sales, by November 2010.
Sales of previously owned U.S. homes fell at the fastest pace on record last month as the boost from a popular tax credit faded. The National Association of Realtors said existing home sales fell 16.7 percent to an annual rate of 5.45 million units in December.
The U.S. Census Bureau and the Department of Housing and Urban Development announced today that privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 653,000. This is 10.9% above November's 589,000 and 15.8% above December 2008 of 564,000.
Results of the 18th annual survey conducted among the members of the Association of Foreign Investors in Real Estate, show a dramatic increase in the number of respondents identifying the U.S. as the country providing the best opportunity for real estate capital appreciation. The survey was conducted by the James A. Graaskamp Center for Real Estate at the Wisconsin School of Business.
The latest monthly Housing and Mortgage Market Review from the PMI Group projects a gradual rise in mortgage rates, averaging 6% by the end of 2010. Uncertainties surrounding the end of the Federal Reserve’s mortgage-backed securities purchase program may affect the projection.