|Southeast Home Sales vs. a Year Earlier|
Construction and Real Estate Survey Results
Reports from southeastern brokers indicated that May sales in the region improved on a year-over-year basis. However, builders reported that new home sales remained very low, and broker reports outside Florida indicated that sales softened, similar to national trends.
Most southeastern brokers and builders reported that home inventory levels were flat or down compared with a year earlier.
Southeastern contacts indicated more modest year-over-year price declines in May.
Southeast brokers reported stronger buyer traffic eased in May on a year-over-year basis, while builders noted a pickup in buyer interest.
The outlook for sales growth among southeastern residential brokers and builders softened somewhat.
Southeastern builders reported that home construction activity remained weak in May while the outlook for growth stalled.
Notes: May poll results are based on responses from 86 residential brokers and 38 builders. Responses were collected June 6–15.
The housing survey's diffusion indexes are calculated as the percentage of total respondents reporting increases minus the percentage reporting declines. Positive values in the index indicate increased activity; negative values indicate decreased activity.
The Sixth District Retail Survey showed slowed activity in May, and the outlook among retailers became less optimistic.
Notes: Note: +1 = Increase 0 = No change –1 = Decrease
May survey results are based on responses from 41 retailers and were collected June 6–15.
The retail survey's diffusion index is calculated as the percentage of total respondents reporting increases minus the percentage reporting declines. Positive values in the index indicate increased activity while negative values indicate decreased activity.