Data released in May showed monthly decreases in new- and existing-home sales in April, while single-unit housing starts remained mostly flat.
The S&P CoreLogic Case-Shiller U.S. National Home Price index continued to rise in March, up 0.4% month over month, after seasonal adjustment, and up 6.5% on a yearly basis.
Privately owned housing starts in the U.S. fell 3.7% on a monthly basis in April, after seasonal adjustment, but were up 10.5% year over year, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Single-family housing starts remained flat in April, up 0.1% month over month, and were up 7.2% on an annual basis.
New single-family home sales fell 1.5% month over month in April and were up 11.6% on a yearly basis, according to the Census Bureau and HUD.
Existing-home sales in the U.S. also decreased month over month in April, down 2.5% from the revised March rate, and were down 1.4% on a yearly basis, according to the National Association of Realtors.
The SNL U.S. Homebuilders index generated a negative 14.3% total return year-to-date as of May 29, 13 percentage points below the S&P 500. Comstock Holding Cos. Inc. posted the highest year-to-date total return, at 132.4%. AV Homes Inc. and M.D.C. Holdings Inc. also posted positive returns year-to-date, at 11.1% and 2.7%, respectively.

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