Case-Shiller Home Prices December 2013: Strongest Part of Recovery May Be Over

Written by Steven Hansen The non-seasonally adjusted Case-Shiller home price index (20 cities) for December 2013 (released today) declined slightly but showed the 19th consecutive monthly year-over-year gain in housing prices since the end of the housing stimulus in 2010.

San Francisco Remodeling and Construction Industry: 2013 Review

by Jiyan Wei, BuildZoom Highlights Overall, San Francisco experienced 1.2% annual growth in the number of building permits issued.1 The San Francisco remodeling and construction activity underperformed in 2013 as compared with the rest of the US. There was a 34% year-over-year decline in the cumulative project value for permits issued in 2013, strongly influenced …

January 2014 Existing Home Sales Bad

NAR Blames Weather, Inventory, Flood Insurance, Tight Credit, Prices, Interest Rates …… Written by Steven Hansen The headlines for existing home sales say that sales growth fell in January month-over-month – and declined year-over-year. Our analysis agrees. The three month rolling averages are still declining demonstrating how soft the data is.

Pending Home Sales Data Is Ugly

Written by Steven Hansen The pending home sales index for December 2013 was released by the National Association of Realtors (NAR) today, and our analysis suggests that January 2014 existing home sales may be worse than December’s.