Following the end of the housing stimulus, District home sales during the third quarter of 2010 were down 17.9 percent from the previous quarter, according to the National Association of Realtors.
According to data from First American CoreLogic, home prices in the Southeast (measured year over year and including distressed sales) for November weakened further, in line with a softer national home price index.
Data from First American CoreLogic show that home prices in the Southeast (measured year over year and excluding distressed sales) for November were mixed again but remained fairly stable across much of the region.
The National Association of Realtors reported that December existing single-family home sales growth in the South Census region improved notably on a year-over-year basis but remained slightly negative, down 3 percent.
Data from the U.S. Census Bureau show that District single-family permits (non–seasonally adjusted) held steady in November, declining 14 percent on a year-over-year basis.
Data from the U.S. Census Bureau show that District multifamily permits (non–seasonally adjusted) in November turned slightly negative again compared with weak levels a year earlier.
Data from McGraw-Hill/TWR Pipeline in November indicated that commercial construction activity in the District continued to weaken, but the outlook improved slightly.
Data from McGraw-Hill/TWR Pipeline in November indicated that commercial construction that will get under way within the next six months remains at very low levels but improved slightly. There was a significant jump in the warehouse sector.