The Blog

MARKET UPDATE: National housing indicators

Existing home sales (August):
5.48 million units*
Existing home median price (August):
Housing Starts (August):
891,000 units*

The homeownership rate in the second quarter 2013 (65.0 percent) was lower than the second quarter 2012 rate (65.5 percent). The homeownership rate in the South was lower than the corresponding second quarter 2012 rate, while the rates in the Northeast, Midwest, and West were not statistically different from the rates a year ago.
Sales of new single-family houses in August 2013 were at a seasonally adjusted annual rate of 421,000. This is 7.9 percent (+/- 14.6%)* above the revised July 2013 estimate of 390,000.

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David Young Team
Coldwell Banker United, REALTORS


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