Case-Shiller Indices: Home prices rose to their highest levels in almost five years in May, increasing by a non-seasonally adjusted 2.5 percent, according to the Case-Shiller Home Price Indices released Tuesday.
The 10-city index rose to its highest level since September 2008, and the 20-city index to its highest level since October 2008.
All 20 cities included in the survey improved both month-to-month and year-to-year.
Construction Spending Dipped in June: Housing construction, meanwhile, was flat for the month, with a gain in remodeling offsetting a decline of 0.8 percent in single-family construction and a drop of 3.3 percent in multifamily housing development. Even with the slowdown, residential construction activity was 18.1 percent higher than in June 2012.
No comments:
Post a Comment