Existing Home Sales Slip In March
In March, for the second straight month, home resales slipped nationwide.
In March, for the second straight month, home resales slipped nationwide.
Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis -- a span of nearly 5 years.
In March, single-family Housing Starts were down 0.2% from the month prior, or just 1,000 units on a seasonally-adjusted, annualized basis.
For the first time in 3 months, homebuilder confidence has slipped.
Recent data suggests that the U.S. housing market is in recovery, albeit an uneven one.
The housing market took a step back in February, but remains near post-Recession highs.
Sales of new homes fell to the lowest levels in four months last month.
The new construction housing market appears primed for growth.
Despite sparse home inventory, the National Association of REALTORS reports that 4.59 million "existing homes" were sold in February on a seasonally-adjusted, annualized basis.
Home builder confidence in the newly-built, single-family housing market remains high.
After a series of months during which volume was low, foreclosure filings have started to rise again.
Standard & Poors released its December 2011 Case-Shiller Index this week.