S&P CoreLogic Case-Shiller Index Saw 19.1% Annual Home Price Gain in October The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 19.1% annual gain for October, 2021, which they say is a record high. Their 10-City Composite annual increase came in at 17.1% and their 20-City Composite posted a 18.4% year-over-year gain.
FHFA House Price Index Up 1.1% in October According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices in October were up 1.1% from the previous month. In addition, home prices were up 17.4% from one year ago. The FHFA produces the nation’s only public, freely available house price
Construction Spending Down Slightly in October The U.S. government is reporting that total construction spending in September was at a seasonally adjusted annual rate of $ 1,598 billion, which is down 0.2% from September’s revised estimate. However, October’s figure is 8.6% higher than one year ago. Residential construction was at a seasonally adjusted annual rate
Pending Home Sales Surge 7.5% in October The National Association of Realtors is reporting that pending home sales were up 7.5% in October, 2021. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) rose to 125.2. The NAR says the market is expected to remain robust with home prices rising at
Building Permits Up 4% in October The U.S. government is reporting that privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1,520,000, which is 0.7% lower than September’s revised number. However, this figure is 0.4% higher than one year ago. October’s rate for units in buildings with five units or more
Existing Home Sales Up 0.8% in October The National Association of Realtors is reporting that existing home sales were up 0.8% in October to a seasonally-adjusted annual rate of 6.34 million (down 5.8% from one year ago). Total housing inventory at the end of October was 1.25 million units, down 12% from one year ago.