Monthly Archives: September 2012

Existing home sales, builder confidence rise

Existing home sales jumped 7.8 percent in August, the National Association of Realtors said Wednesday. NAR’s latest report produced a much higher than expected number for the market, which was certainly embraced. The August figure was in contrast to the … Continue reading

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Builder Confidence at Six-Year High in September

Confidence among builders about the state of the single-family, new-home market was up for the fifth consecutive month in September, hitting the highest level seen since June 2006, according to the latest reading from the National Association of Home Builders/Wells … Continue reading

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Price increase on Drywall?

To our Customers: On March 1st of this year, in response to many customer requests for guidance on wallboard prices with respect to work in 2013, we communicated to you that we anticipated our wallboard prices to increase in the … Continue reading

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Housing: Year over Year change in Asking Prices

According to housingtracker, median asking prices are up 2.1% year-over-year in early September. We can’t read too much into this increase because these are just asking prices, and median prices can be distorted by the mix. As an example, the median asking price … Continue reading

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Starts, resales due to show growth this week

New home construction and sales of previously owned houses probably climbed in August, a sign residential real estate is one of the economy’s few bright spots, economists said before reports this week. Housing starts increased to a 765,000 annual rate, … Continue reading

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Has urgency kicked in?

The rent-or-buy dilemma gets interesting now that data indicate homeownership is dipping below the Maginot Line vs. rental costs in more and more metros. The Atlantic Cities’ Richard Florida looks at last week’s Trulia data which expressly indicates that in … Continue reading

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Triangle Housing Market Improves

Home sales across the Triangle rose 26 percent in July compared with a year ago, continuing a streak of double-digit increases in 2012. The latest numbers were better than expected for Stacey Anfindsen, a Cary appraiser who analyzes Multiple Listing … Continue reading

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Gents, Our Hope is Restored?

… It wasn’t that long ago when some pundits were saying hope was all we had in the housing market. But now our hope is being justified by some solid facts. Last Tuesday, the Case-Shiller S&P 500 index of home prices … Continue reading

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