More Mixed Signals

More Mixed Signals

While the NAHB came out with a strong homebuilder sentiment reading in its latest report, March housing starts and building permits came in at figures lower than consensus estimates. Starts were at a 926,000 annualized rate while permits were at a 1.04 million annualized rate. Consensus estimates were for rates of 1.04 million and 1.08 million, respectively. The housing recovery continues to exhibit choppiness as it tries to gain traction towards a meaningful upward trend.

Read More

Previous Homebuilder Optimism Looking Up
Next Sales Pace Surge and Price Appreciation in SoCal

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Housing Market

Mixed Signals in the New Home Market

A few recently released data points, indicate that there is continued choppiness in the new home market. Housing starts dropped in February from January’s figure primarily due to inclement weather

Housing Market

SoCal Caps 2016 With Steady Home Price Growth And Modest Sales Gain

By Andrew LePage Southern California’s housing market closed 2016 with the highest median sale price in nine years, continued steady price growth, slightly higher full-year sales than in 2015, record

Housing Market

California Home Sales Down 7% in December

Despite strong headwinds of tight housing supplies and an affordability squeeze throughout much of 2016, California’s housing market ended the year on a positive note, posting a moderate sales pace