Construction and Real Estate - February 2011
According to the National Association of Realtors, after falling sharply in the third quarter, existing home sales in the Southeast rebounded somewhat during the fourth quarter, up 13 percent from the prior quarter.
According to data from First American Corporation's CoreLogic, home prices in the Southeast (measured year over year and including distressed sales) for December weakened further, in line with a softer national home price index.
Data from First American Corporation's CoreLogic show that home prices in the Southeast (measured year over year and excluding distressed sales) for December were mixed again but remained fairly stable across much of the region.
The National Association of Realtors reported that January existing single-family home sales growth in the South Census region improved again on a year-over-year basis, turning slightly positive, up 6 percent.
- On a month-over-month basis, existing single-family home sales in January for the South Census region increased 3 percent from December.
According to Florida Realtors, Florida's existing single-family home sales continued to improve during January, rising 14 percent from its year-earlier level.
- The state's median home price declined further in January on a year-over-year basis.
Data from the U.S. Census Bureau show that District single-family permits (non–seasonally adjusted) held steady again in December, declining 15 percent on a year-over-year basis.
According to Florida Realtors, Florida's condominium sales growth continued to improve in January, rising 36 percent on a year-over-year basis.
- Median condominium prices edged down slightly in January, dropping 18 percent on a year-over-year basis.
Data from the U.S. Census Bureau show that District multifamily permits (non–seasonally adjusted) in December improved slightly compared with weak levels a year earlier.
Data from CB Richard Ellis Econometric Advisors/Dodge Pipeline (CBRE-EA/Dodge Pipeline) in December indicated that commercial construction activity in the District held steady.
Data from CBRE-EA/Dodge Pipeline in December indicated that commercial construction that will get under way within the next six months held steady at low levels. Improvement was noted in the retail segment while office weakened.