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Accession Number PB2013-105698
Title U.S. Housing Market Conditions, 3rd Qtr, 2012.
Publication Date Nov 2012
Media Count 102p
Personal Author N/A
Abstract Housing indicators for the third quarter of 2012 continue to portray a fragile, but steady, recovery in the housing market. In the production sector, the number of housing permits, starts, and completions rose in both the single-family and multifamily housing sectors. In the marketing sector, sales rose for new and previously owned homes. The seasonally adjusted (SA) Standard & Poors (S&P)/Case-Shiller and the Federal Housing Finance Agency's (FHFA) repeat-sales house price indices reported increases in the value of homes in the second quarter of 2012 compared with the previous quarter and the previous year (both indices are reported with a lag). Inventories of available homes at the current sales rate remain at low levels. The months supply of new homes reached an average rate of 4.6 months, down from 4.8 months in the previous quarter; for existing homes, the rate was 6.1 months, down from 6.5 months.
Keywords Economic recovery
Housing
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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