MLS Real Estate & Listings Blog

Single-family housing starts, as measured by building permits issued, plunged 59.8 percent in February compared to the same month last year, the California Building Industry Association trade group reported this week, and total housing starts dropped 27.9 percent.  more…

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New single-family home sales dropped to the lowest rate in February since 1995, and sales were down about 29.8 percent from the February 2007 rate, the U.S. Census Bureau and U.S. Department of Housing and Urban Development reported today.

The seasonally adjusted annual rate of new single-family home sales was 590,000 in February — this rate is a projection of a monthly sales total over a 12-month period, adjusted to account for seasonal fluctuations in sales activity.  more…

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U.S. home prices dropped 3 percent in January compared to the same month last year, and fell 1.1 percent compared to December 2007, according to an index released today by the U.S. Office of Federal Housing Enterprise Oversight.  more…

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The rate of single-family housing starts and single-family building permits authorized dropped for the 11th consecutive month in February, falling to the lowest level since January 1991, the U.S. Census Bureau and Department of Housing and Urban Development reported today.

The seasonally adjusted annual rate of single-family housing starts was 707,000 in February, down about 40.5 percent compared to February 2007, and the rate of single-family building-permit authorizations fell about 41.9 percent compared to February 2007. This rate is a projection of a monthly total over a 12-month period, adjusted to account for seasonal fluctuations in construction activity.  more…

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