October 2018

Found 2 blog entries for October 2018.

Housing starts to decline in 2019 but demand will also ease

HomeMarket Update by Steve Randall28 Oct 2018 Housing starts to decline in 2019 but demand will also ease

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America's housing market is booming with home prices nationwide now back to where they were a decade ago, just before the financial crisis.

US housing starts are set to ease in 2019 but demand is also expected to weaken.

That’s according to Dodge Data Analytics which forecasts that single-family housing starts will be down 3% in unit terms to 815,000 (Dodge basis) but unchanged in dollar terms.

Rising mortgage rates, lower affordability, and reduced benefits from tax cuts introduced this year, will mean slightly lower demand for newly-built homes.

Meanwhile, in the multifamily sector Dodge

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U.S. Pending Home Sales Fell 1.8% in August

    Housing Sales Decline As Market CoolsTim Boyle/Getty Images

WASHINGTON—The number of U.S. existing homes going under contract declined in August for the fourth time in five months, reflecting what appears to be a broader slowdown in the housing market.

The National Association of Realtors on Thursday said its pending home-sales index, which tracks contract signings for purchases of previously owned homes, fell 1.8% from the prior month to 104.2 in August. Sales, unless they fall through, typically close within a month or two of signing.

Economists surveyed by The Wall Street Journal had expected a 0.4% decline in August.

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