Southeast Housing Market Shows Modest Gains

Business Contact Surveys: Construction and Real Estate

February 2013

Southeast residential brokers and builders reported that sales remained ahead of the year-earlier level in December.

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 December.

Residential brokers and builders in the region indicated that buyer traffic remained ahead of the year-earlier level in December.

Southeast brokers and homebuilders anticipate year-over-year home sales growth will remain positive over the next several months.

The majority of Southeast builders reported modest gains in construction levels during December compared with the historically low levels of last year.

Note: The poll results are based on responses from 68 residential brokers and 33 builders. Responses were collected January 7–16, 2013.

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.