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Tag: Housing Market Signals

Existing-home sales in the US soar to best pace in nearly 2 years

The median sale price hit $274,500, a 7.8% increase from the year-ago period as buyer demand outpaced market supply and contractors' pace.
Workers are seen as new construction takes place at the Umbria a Lennar Corp. project on September 19, 2011 in Miami, Florida.

US housing starts reach highest level in 13 years after ‘spectacular’ December surge

Home starts reached a 1.61 million annualized rate last month, beating the 1.38 million estimate from economists surveyed by Bloomberg.

Fears of a slowdown in the US housing market are mounting — and Home Depot just slashed its 2020 sales outlook

Home Depot has struggled to boost sales and has cut its yearly outlook twice in 2019, citing uncertainty ahead and the timing of certain investments.

US new-home sales notch best 2-month stretch in more than 12 years

According to government data released on Tuesday, new single-family home sales hit a 733,000 annualized pace in October.