Monthly Archives: August 2012

New Home Sales Reach Multi-Year High

As reported by the U.S. Department of Commerce, 372,000 new homes were sold in July on a seasonally-adjusted, annualized basis.

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Government : Home Prices Up 3.0% In Last 12 Months Nationwide

According to the Federal Home Finance Agency's Home Price Index, home prices rose by a seasonally-adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter.

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Single-Family Housing Starts Remain Strong

Single-family housing starts were above 500,000 for the fourth straight month in July, a mark not met since the federal home buyer tax credit of 2010.

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