Regional Housing Gradually Strengthens
Business Contact Surveys: Construction and Real Estate
Southeast residential brokers and builders reported that sales remained ahead of the year-earlier level in May.
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 May.
Most residential brokers and builders in the region indicated that buyer traffic was ahead of the year-earlier level again in May.
The outlook among brokers and builders remained positive in May by most accounts. The outlook for sales growth over the next several months among brokers was more positive than a year earlier while builders' outlook was similar to a year earlier.
Most Southeast builders reported that construction activity was ahead of year-earlier levels in May.
Note: The poll results are based on responses from 49 residential brokers and 24 builders. Responses were collected June 3–12, 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.
Southeast Home Sales vs. a Year Earlierchart:survey_1307a.jpg showOnHome