Housing Market Appears Brighter

Business Contact Surveys: Construction and Real Estate

June 2013

Southeast residential brokers and builders reported that sales remained ahead of the year-earlier level in April. Reports from Florida brokers were the strongest.

Both builders and brokers indicated that home inventories remained below the year-earlier level across most of the Southeast.

Both builders and brokers continued to indicate home price appreciation in April.

Most residential brokers and builders in the region indicated that buyer traffic was ahead of the year-earlier level again in April.

The outlook among brokers and builders over the next several months remained positive.

Most Southeast builders reported that construction activity was ahead of year-earlier levels in April.

Note: The poll results are based on responses from 45 residential brokers and 27 builders. Responses were collected May 6–15, 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.