Number of ‘Improving’ Housing Markets Nearly Doubles

The number of housing markets showing measurable improvement nearly doubled in January, with the addition of 40 new metros to the Improving Markets Index put out by First American and the National Association of Home Builders (NAHB). The index tracks housing markets that are showing signs of improving economic health based on three independent datasets …

Continue reading ‘Number of ‘Improving’ Housing Markets Nearly Doubles’ »

New-home sales edge higher

New-home sales edged slightly higher last month, as more Americans hunted for bargains in the struggling housing market. The Census Bureau reported an annual sales rate of 307,000 new homes last month, up 1.3% from a downwardly revised rate of 303,000 homes in September. Compared to new home sales a year ago, October sales were …

Continue reading ‘New-home sales edge higher’ »

Home size continues to decline

Following nearly three decades of increases, the size of newly built single-family homes declined to an average of 2,438 square feet last year, according to data collected by the Census Bureau.  New homes constructed in 2009 had fewer bedrooms than those in previous years.  After increasing for nearly 20 years, the number of single-family homes …

Continue reading ‘Home size continues to decline’ »