The new construction housing market continues to improve.
After a brief dip in April, the National Association of Homebuilders reports that the Housing Market Index rose 5 points in May to 29.
The economic and housing recovery continues nationwide, but the recovery remains an uneven one.
According to the Federal Home Finance Agency’s Home Price Index, home prices rose a seasonally-adjusted 0.3 percent between January and February 2012.
After a series of worse-than-expected data last month, the housing market appears to be back on track.
Sales of new homes ticked lower in March, unexpectedly.
In March, for the second straight month, home resales slipped nationwide.
Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis — a span of nearly 5 years.
In March, single-family Housing Starts were down 0.2% from the month prior, or just 1,000 units on a seasonally-adjusted, annualized basis.
For the first time in 3 months, homebuilder confidence has slipped.
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