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Accession Number PB2013-105697
Title U. S. Housing Market Conditions, 1st Quarter, 2012.
Publication Date May 2012
Media Count 97p
Personal Author N/A
Abstract Housing indicators for the first quarter of 2012 continue to portray a fragile recovery in the housing market. In the production sector, the number of housing permits and starts for single-family homes rose but completions fell, while housing permits, starts, and completions all rose for multifamily units. In the marketing sector, sales of new and existing homes increased. The Standard and Poors Case-Shiller national seasonally adjusted (SA) repeat-sales house price index, which is reported with a lag, recorded a 1.7-percent decline in the value of homes in the fourth quarter of 2011 compared with the previous quarter and a 4.0-percent decline from year-earlier levels. The Federal Housing Finance Agency's (FHFA) purchase-only (SA) repeat-sales index, also reported on a lagged basis, estimated a 0.1-percent decrease in home values in the fourth quarter and a year-over-year decline of 2.4 percent. Inventories of available homes at the current sales rate decreased for both new and existing homes in the first quarter, reaching an average rate of 5.2 months supply for new homes and 6.2 months supply for existing homes, down from rates of 5.7 and 7.0 months, respectively, in the previous quarter
Keywords Economic recovery
Housing
Housing starts
Inventories
Market value
Marketing
Permits
Prices
Production
Sales


 
Source Agency Office of Policy Development and Research
NTIS Subject Category 91E - Housing
96A - Domestic 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 1312
Contract Number N/A

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