Thursday, July 18, 2013

Builder Confidence Surges Again in July

from DSNews | by Mark Leiberman | July 16, 2013


After surging in June, the Housing Market Index, a measure of builder confidence, shot up again in July, climbing six points to 57, its highest reading since January 2006, the National Association of Home Builders reported Tuesday. The two month 13-point gain was the strongest two-month increase since January-February 1992 when the index improved 14 points.
The June index was revised down to 51 from the originally reported 52, but was still positive, that is, above 50, for the first time since April 2006. Economists had expected the July index to remain at 52.
The strong July numbers – following a still-strong June – gave further evidence to a recovery in the housing sector.
To read more check out the full article here.

Tuesday, July 9, 2013

Colorado Springs Homes Appreciate 8.2%

from the Colorado Springs Business Journal | posted by Amanda Miller | June 4, 2013


Colorado Springs home prices climbed 8.2 percent year-over-year in April, according to analysis firm CoreLogic .
They rose 2.1 percent from March to April. Excluding the distressed sales, short sales and bank-owned properties, sales prices climbed 7.1 percent year-over-year.

The sales price increases are good news for the rebounding real estate industry. While the figures in Colorado Springs are strong, they trail the national average, where home sales prices increased 12.1 percent year-over-year.
Nationally, April saw the biggest year-over-year home price increase since February 2006, according to the report. However, the national home price index is still 22.4 percent below its 2006 peak.
Home prices climbed 3.2 percent nationally from March to April.
For more on this, the full article can be found at the Colorado Springs Business Journal by clicking here.