Friday, June 5, 2015
A Snapshot Of The US Housing Market
The sale of existing homes is a good indicator of demand for housing at existing prices. This market has been improving after a lapse in 2013. Low mortgage interest rates have contributed to the growth rate. New housing construction, which is a leading contributor to economic growth, has been growing much slower than it was prior to the financial crisis. Construction of apartment complexes for the rental market has been growing faster than the new home construction market. The housing market tends to be local. This report provides an interactive graph which shows the growth rates in a number of local markets.