Oklahoma State Home Builders Association

An Affiliate of the National Home Builders Association

Three takeaways from the latest housing market reports

 
Posted on September 13, 2016 by By Carol Hartzog Communications

Eye on Housing

By Emily Peiffer
Copyright © 2016 Industry Dive. All rights reserved

The housing market has been slowly climbing out of the Great Recession, and it still has a long way to go before reaching what are considered normal production levels. This month, a new trend started to emerge in the residential reports released throughout August. And according to experts, that trend mirrors exactly where the market should be.

Sales figures are following the traditional housing cycle pattern

Reports released in July were all positive with the exception of existing home sales, which dipped 3.2%. Builder confidence rose two points and housing starts increased 2.1%. Most notably, new home sales soared 12.4%.

Traditionally in the early stages of a housing cycle, existing home sales dominate the largest portion of the... Read the post at the Construction Dive website

Existing home sales

 

 

 

 

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