According to the Case-Shiller index, home prices rose 4.4% annually, up from 4.2% in February.
U.S. house prices rose in the first quarter of 2020, up 1.7%.
Sales of new single-family homes in April 2020 were at a seasonally adjusted annual rate of 623,000, 0.6% above the revised March rate.
According to the data from latest McDash Flash Forbearance tracker, approximately 9% of all mortgages are in forbearance.
Statistics Canada is reporting that Canadian retail sales plunged 10% in March. The result of officials shuttering non-essential business to slow the spread of the COVID-19 pandemic.
Over the past several years builders have been trying to construct more affordable – entry-level homes. In order to do that the size of the average starter home has been shrunk.
A closer look into the U.S. Census Bureau’s Quarterly Starts and Completions by Purpose and Design finds that townhouse construction, in the first quarter of 2020, was flat on a year-over-year basis.
A deeper dive into the U.S. Census Bureau’s Quarterly Starts and Completions by Purpose and Design reveals a bright spot in the number of single-family homes built-for-rent.
According to the NAHB Multifamily Market Survey, as a result of the ongoing COVID-19 pandemic, multifamily builders and developers confidence in their markets softened substantially in the first quarter of 2020.
Many dealers are reporting that in spite of a poor U.S. Housing Starts and Permits report for April, their sales remain slow but steady and showing some very small signs of improvement.