Housing Trends Newsletter March 2015
Housing Trends Newsletter For March 2015
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National Market Update
Existing-Home Sales Slightly Improve in February, Price Growth Gains Steam
WASHINGTON (March 23, 2015) – Existing-home sales increased modestly in February, but constrained inventory levels pushed price growth to its fastest pace in a year, according to the National Association of Realtors®.
National Housing Indicators
Existing home sales (March)
4.88 millions units*
Existing home median price (March)
Housing Starts (March)
8.97 millions units*
New home sales (March)
4.81 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.
National Economic Indicators
4th Qtr 2014
4th Qtr 2013
The homeownership rate in the fourth quarter 2014 was 64.0 percent, down 1.2 (+/- 0.4) percentage points from the fourth quarter 2013 rate of 65.2 percent. The homeownership rates in the Northeast, Midwest and South were lower than the rates in the fourth quarter 2013, while the rate in the West was not statistically different from the rate a year ago.
New home sales
Sales of new single-family houses in February 2015 were at a seasonally adjusted annual rate of 539,000. This is 7.8 percent (+/- 15.2%)* above the revised January 2015 estimate of 500,000.
Source: U.S. CENSUS BUREAU
Regional Market Updates
View market statistics for your region.
Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 150 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.
Local Prices & State Sales
Existing Home Statistics
View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.
Statistics by City or Metropolitan Area
Source: NATIONAL ASSOCIATION OF REALTORS®.