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February state of the housing market

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February state of the housing market

Data released in February showed monthly decreases in new- and existing-home sales, while privately owned housing starts rose.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA index continued to rise in December 2017, increasing 0.7% month over month and 6.2% on an annual basis.

Privately owned housing starts in the U.S. increased by a seasonally adjusted rate of 9.7% month over month in January and were up 7.3% annually, according to the U.S. Census Bureau and the Department of Housing and Urban Development. Single-family housing starts increased 3.7% in January compared to December.

New single-family home sales fell 1.0% year over year in January, according to the Census Bureau and HUD. On a monthly basis, new home sales fell 7.8% from the revised December amount.

Existing-home sales in the U.S. decreased 4.8% year over year in January and were 3.2% lower on a monthly basis, according to the National Association of Realtors.

The SNL U.S. Homebuilders index generated a negative 14.8% total return year-to-date as of Feb. 28, with AV Homes Inc. ranking first with a 0.9% return.

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Use S&P Global Market Intelligence's Homebuilder Peer Analysis Template from the Template Library to further examine performance in the U.S. homebuilder space.

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