1.
Eye on Economy
A Biweekly look at Housing Economics
June 25, 2014
www.eyeonhousing.org

2.
2
New Single Family Home Sales Reached Their
Highest Pace in Six Years in May.
• Home sales were at 504,000
giving May an 18.6% increase
since April
• Likely due to:
• Weather payback - south
• Improving job market - West
• Read more here

3.
3
Housing Market Index Rose
Four Points in June
• Builder confidence is
growing
• Some cautiousness
remains among builders
and consumers
• Read more here

4.
4
New Single Family Home Sales Reached Their
Highest Pace in Six Years in May.
• Home sales were at 504,000
giving May an 18.6% increase
since April
• Likely due to:
• Weather payback - south
• Improving job market - West
• Read more here

5.
5
Census Bureau and Department of Housing
and Urban Development Estimate that Housing
Starts Declined 6.5%
• Starts in May
• Single-family - down 5.9%
• Multi-family - down 8.3%
• Likely due to:
• Very high April numbers
• Read more here

6.
6
Home Price Appreciation
Appears to be Slowing
• S&P/Case-Schiller
• 10.8% growth between
April 2013 and April 2014
• Federal Housing Finance
Agency
• 6% growth since March
• Read more here

7.
7
Producer Prices Declined .2%
• Lumber prices rose 1%
• OSB prices declined .7%
• Gypsum prices declined
.7%
• Read more here

8.
8
Consumer Prices in May Experienced the
Largest Monthly Increase since February
• 2.1% increase year-over-year
• Affected energy, food, and
shelter
• Real Rent Index
• Increased 1.1%
• Read more here

9.
9
County-level Housing Permit
Activity
• 1,807 counties saw
increase in single family
permits
• 858 saw decrease
• Read more here

10.
10
Mortgage Bankers Association
Tracks Mortgages for New
Homes
• Decreased 8.4%
• Not seasonally adjusted
• Increased 4.9% year-over-
year
• Read more here

11.
11
Quarter One Property Taxes
• Top revenue source for
local and state governments
• 40.3% of total receipts
• Read more here

12.
www.eyeonhousing.org