Southeast brokers and builders indicate they expect a modest increase in 2013 home sales compared with 2012 levels.
Southeast residential brokers and builders reported that sales remained ahead of the year-earlier level in November.
Both builders and brokers indicated that home inventories continued to decline on a year-over-year basis in the Southeast.
More than two-thirds of Southeast brokers and homebuilders reported that home prices increased on a year-over-year basis in November.
Residential brokers and builders in the region indicated that buyer traffic remained ahead of the year-earlier level in November.
Southeast brokers and homebuilders anticipate year-over-year home sales growth will remain positive over the next several months.
Southeast builders continued to report strong gains in construction levels during November compared with the historically low levels of last year.
Note: The poll results are based on responses from 60 residential brokers and 30 builders. Responses were collected December 3–12, 2012.
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.