U.S. house median prices over time; how do today’s prices compare?

prices

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TMLS market update for May, 2017

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National sales of new single family homes for May, 2017; big increase compared to May, 2016!!

The U.S. Census Bureau announced today that sales of new single-family houses in May 2017 were 610,000 at a seasonally adjusted annual rate, up 2.9 percent from April’s revised rate, and up 8.9 percent from May 2016.

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Household net worth metrics

House Holdings

Household net worth climbed by $2.3 trillion in 17Q1 and it is now a record $94.8 trillion and a record 5 times GDP, well higher than during the housing or dotcom booms. Stock market wealth rose by $1.3 trillion and real estate by $500 billion. This wealth increase boosts consumer confidence, but household spending remains lackluster, partly because relatively few Americans own equities and the homeownership rate is very low.

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Elliot F. Eisenberg, Ph.D.
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elliot@graphsandlaughs.net
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News & Observer article on the RTP housing market for May, 2017

nando

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National housing permits and starts for May; 2016

The U.S. Census Bureau released new data today on building permits in May 2017 showing a seasonally adjusted annual rate (SAAR) of 1,168,000, down 4.9 percent from the revised April rate, and down 0.8 percent from May 2016.

Housing starts in May 2017 were at a SAAR of 1,092,000, down 5.5 percent from April 2016, and down 2.4 percent from May 2016

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National employment and wage metrics by county; 4Q/16; Wake had gains in both bucking the national trend

wages

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