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.