Tagged : Economy

Found 19 blog entries tagged as "Economy".


Wall Street Journal - U.S. home builders reported the best conditions in the housing market since the mid-2000s boom, the latest sign home sales are becoming more robust and will power the U.S. economy this year.

The National Association of Home Builders, an industry trade group, said Monday that its housing-market index leapt to a reading of 52 in June, up by eight points from May. The jump was the biggest since the summer 2002.

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inman.com - Although home prices are likely to continue to rise in the next few years, the national market is not in danger of a bubble, according to prominent economists.

“Four of the next five years are likely to be improving years in the housing market. I don’t say five because there’s always the possibility of little hiccups in the housing market,” said Lawrence Yun, chief economist for the National Association of Realtors.

“But we will still be shy of the bubble years of 2005.”

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nbcnews.com - U.S. single-family home prices rose in March, racking up their best annual gain in nearly seven years in a further sign that the strengthening housing recovery is providing a source of support for the economy, a closely watched survey showed on Tuesday.

The S&P/Case Shiller composite index of 20 metropolitan areas gained 1.1 percent in March on a seasonally adjusted basis, topping economists' forecasts for a 1 percent rise.

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nbcnews.com - U.S. home-builder confidence in the market for single family homes rose in May amid rising home prices despite increasing building materials costs, an index showed on Wednesday.

The National Association of Home Builders/Wells Fargo Housing Market index edged up three points to 44, from a downwardly revised 41 in April. Economists in a Reuters survey were expecting a reading of 43. Any number over 50 indicates that more builders view conditions as good than poor.

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money.msn.com - Prices are up and inventories down – good news for the larger economy.

The housing industry finds itself on a much better footing this year: Prices are up, inventories are down, and signs abound that a recovery is firmly under way. This is good news for the economy as a whole at a time when other stalwarts of the recovery, such as exports and government spending, have started to tail off. Increased home sales put more people to work and feed an upward spiral of income, spending and employment in the real-estate and homebuilding industries. Makers and sellers of appliances, furniture and carpets, plus nurseries, landscapers and others also benefit.

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money.cnn.com - Sales of previously owned homes reached an annual rate of nearly 5 million in February, the strongest pace in more than three years.

The report Thursday from the National Association of Realtors was the latest sign of a housing recovery that has become a major positive force for the economy.

The February rate of 4.98 million homes was up 10% from a year earlier, although it was only 1% higher than the revised January pace.

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inman.com - Americans continued to view housing as a relative bright spot in the economy, even as their sentiment towards the broader economy and household finances limped along, according to Fannie Mae's February 2013 National Housing Survey.

Americans who believe home prices will increase over the next year and home price expectations for 2013 both hit their highest levels since the survey's inception in June 2010, the survey found. But confidence in personal finances, household income and the health of the overall economy kept pat or dipped, according to the survey.

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flip_200kbzk.com - Economic forecasters call for Gallatin County to continue to be one of the fastest growing counties in the state.

In the 2013 economic seminar held in Bozeman today, economists broke down the economic growth of the state by county, including different industries. While Montana struggled in the recession several years back, a steady recovery has been keeping the state's growth strong, including the construction industry in Gallatin County.

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cnnmoney.com -Just over half of economists surveyed by CNNMoney identified a housing recovery as the primary driver of economic growth this year. The rest were split fairly evenly between consumer spending, increased domestic energy production and stimulus from theFederal Reserve as major growth drivers.

"Homebuilding activity will likely remain the strongest growing component of the economy in 2013," said Keith Hembre, chief economist of Nuveen Asset Management. "After several years of excess supply, demand and supply conditions are now in much better balance."

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realtytimes.com - There is no doubt that the residential housing market gained momentum in 2012. As the New Year begins with mortgage rates remaining low, it is expected that this movement towards recovery will continue to bring improvements that will filter down into other areas of the economy. This past week, data reflected that, even though housing has entered its slow season, this sector is still experiencing gains in both sales and values.

According to the S&P/Case-Shiller Home Price Indices (HPI), home prices increased for the twelve months ending in October. The 10 City Composite Index rose 3.4% on an annual basis and the 20 City Composite rose 4.3%. As of October 2012, average home prices nationwide were back to autumn 2003 levels.

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