The Atlanta Fed's SouthPoint offers commentary and observations on various aspects of the region's economy.
The blog's authors include staff from the Atlanta Fed's Regional Economic Information Network and Public Affairs Department.
Postings are weekly.
Regional Real Estate Poll Shows Continuing but Moderating Strength
The Atlanta Fed’s monthly poll of regional brokers again indicates that home sales in August remained ahead of the year-earlier level (see the chart). However, brokers outside of Florida indicated that sales slowed on a year-over-year basis.
Southeast builders reported that new home sales and construction remained ahead of the year-earlier level. Half of builders said that sales were up slightly on a year-over-year basis (see the chart), and reports on construction activity strengthened.
Inventories continued to decline on a year-over-year basis in August (see the chart). The pace of existing home inventory accumulation continues to moderate, according to brokers.
Both builders and brokers continued to indicate continuing home price appreciation in August (see the chart), with brokers reporting that prices increased less robustly than in the previous report.
The outlook for home sales growth among brokers over the next several months remained positive and largely similar to the outlook shared by contacts a year earlier (see the charts). The outlook for new home sales and construction among home builders also remained positive but was a bit more modest than reports a year earlier.
Note: August poll results are based on responses from 46 residential brokers and 23 homebuilders and were collected September 2–11, 2013. The housing poll'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, and negative values indicate decreased activity.
By Whitney Mancuso, a senior economic analyst in the Atlanta Fed's research department
TrackBack URL for this entry:
Listed below are links to blogs that reference Regional Real Estate Poll Shows Continuing but Moderating Strength:
- It's Mostly Sunny in Florida
- Auto Manufacturing an Economic Boon for Tennessee
- Southeast Manufacturing Rebounded in June
- Southeast Manufacturing Dips in May
- Assessing the Impact of Oil Price Declines on Louisiana's Economy
- Seeking the Slack
- Middle Tennessee Consumer Confidence on the Rise
- Trials and Tribulations in Transportation
- Southeast Manufacturing: Solid as an Oak
- The Fruits of Our Labor
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- Banks and banking
- Beige Book
- Business Cycles
- Commodity Prices
- Consumer Savings
- Data Releases
- Disaster recovery
- Economic conditions
- Economic Growth and Development
- Economic Indicators
- Fiscal Policy
- Gulf Coast
- Health Care
- Holiday Sales
- Labor Markets
- Local Economic Analysis and Research Network (LEARN)
- Monetary Policy
- Natural Disasters
- New Orleans
- Oil Spill
- Real Estate
- Sales Tax