Monthly Archives: December 2011

Closed sales up 15%, re-sale closings up 23%, listings down 32% and pending sales up 19%. This was the fourth consecutive increase in November pending sales. Any reference to TMLS data is based on information from Triangle MLS, which neither … Continue reading →

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The state’s increase of about 121,000 people was the fifth-largest overall in the country per the most recent analysis of US Census data. North Carolina’s population jumped by around 18 percent, to more than 9.5 million, between 2000 and 2010, … Continue reading →

Economic growth in the U.S. will likely increase about 2.5 percent in 2012, Freddie Mac reported in its December 2011 Economic Outlook released Dec. 14. However, new construction, including additions and alterations to existing housing, will likely only offer modest … Continue reading →

U.S. house prices fell 0.2 percent on a seasonally adjusted basis from September to October, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.9 percent increase in September was revised downward to reflect a … Continue reading →

Hanley Wood reported that 39% of year to date closings were cash sales. NAR reported that 28% of November closings were cash. In our market, 18.5% of November closings were cash, so we are below national averages.

Building permits in November increased 5.7% from the previous month to a seasonally-adjusted annual rate of 681,000 units. This is the highest building permit activity has been since March 2010. Single-family building permits increased 1.6% from the previous month to … Continue reading →

Real average hourly earnings fell 0.1 percent from October to November, seasonally adjusted. Average hourly earnings fell 0.1 percent, while the CPI-U was unchanged. Real average weekly earnings fell 0.1 percent over the month. On a seasonally adjusted basis, the … Continue reading →