Tag Archives: Case-Schiller
New home sales fell 4.6% in February to a 411,000 unit rate, after jumping in January. The most severe drop came in the Northeast, but the underlying trend in the housing market remains positive. Indeed, builders are complaining about bottlenecks in the market, which are delaying the time to build and deliver, including hiring highly-skilled [...]
The S&P Case-Shiller Index fell by 2% in the first quarter to its lowest level since the start of the housing market bust. There are signs of a bottom, however, with some of the hardest hit cities, such as Phoenix and Las Vegas, beginning to show signs of firming.