Laserfiche WebLink
Housing <br />0 <br />200 <br />400 <br />600 <br />800 <br />1,000 <br />1,200 <br />1,400 <br />1,600 <br />1,800 <br />2,000 <br />2,200 <br />2,400 <br />In Thousands of UnitsAnnualized Housing Starts <br />Multi Family Housing Starts <br />Single Family Housing Starts <br />Housing Starts recovered 7%in September to an annual rate of 1.358 million units.Starts were up 17.6%for multi-family units and 3.2% <br />for single-family.Total starts of new homes are down 7.2%year-over-year.According to Freddie Mac,average 30-year fixed rate <br />mortgage rates were 7.72%as of November 2nd. According to the Case-Shiller 20-City Home Price Index, housing prices rose 2.2%year- <br />over-year in August, improving from a 0.2% gain in July. Tight inventories and higher mortgage rates continue to impact affordability. <br />Source: US Department of Commerce Source: S&P <br />-20.0% <br />-16.0% <br />-12.0% <br />-8.0% <br />-4.0% <br />0.0% <br />4.0% <br />8.0% <br />12.0% <br />16.0% <br />20.0% <br />24.0% <br />S&P/Case -Shiller 20 City Composite Home Price Index <br />RecessionYOY (%) Change8