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Accession Number PB2012-114743
Title U.S. Housing Market Conditions, 2nd Quarter, 2012.
Publication Date Aug 2012
Media Count 100p
Personal Author N/A
Abstract Housing indicators for the second quarter of 2012 con- tinue to portray a fragile recovery in the housing market. In the production sector, the number of housing permits and completions rose for both single-family and multifamily homes. Housing construction starts increased for single-family homes but declined for multifamily housing. In the marketing sector, sales rose for new homes but fell slightly for existing homes. The Standard and Poors Case-Shiller national seasonally adjusted (SA) repeat-sales house price index, which is reported with a lag, recorded an increase in the value of homes in the first quarter of 2012 compared with the previous quarter but a decline in year-over-year home prices. The Federal Housing Finance Agencys (FHFA) purchase- only (SA) repeat-sales index, also reported on a lagged basis, estimated a slight gain in home values from both the previous quarter and previous year. Inventories of available homes at the current sales rate remain at low levels. The months supply of new homes reached an average rate of 4.8 months, down from 5.0 months in the previous quarter; for existing homes, the rate was 6.5 months, up from 6.2 months.
Keywords Completion
Foreclosures
Housing
Housing starts
Low income housing
Manufactured homes
Market analysis
Mortgages
Permits
Prices
Regional analysis
Sales
Sectoral analysis
Tax credits


 
Source Agency Office of Policy Development and Research
NTIS Subject Category 96A - 91eestic Commerce, Marketing, & Economics
Corporate Author Department of Housing and Urban Development, Washington, DC. Office of Policy Development and Research.
Document Type Technical report
Title Note N/A
NTIS Issue Number 1225
Contract Number N/A

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