National housing metrics for September; 2016

Hearty Housing

While September’s new home sales rate came in below expectations at 593,000/year and August’s number was revised down to 575,000 from 609,000, sales are up 13% YTD. Moreover, the home ownership rate rose from 63.1% in 16Q1 to 63.4% in 16Q2, the largest quarterly gain in 12 years. Pending sales are up 2.4% Y-o-Y and have risen Y-o-Y for 22 of the last 25 months. Housing steadily, albeit unspectacularly, improves.

Elliot F. Eisenberg, Ph.D.
GraphsandLaughs, LLC
Cell: 202.306.2731

About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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