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January state of the housing market

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January state of the housing market

Data released in January showed monthly decreases in new- and existing-home sales as well as privately owned housing starts.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA index continued to rise in November, increasing 6.2% from November 2016 levels. The index rose 0.7% over October's value.

Privately owned housing starts in the U.S. decreased by a seasonally adjusted rate of 8.2% month over month in December and were down 6.0% annually, according to the U.S. Census Bureau and the Department of Housing and Urban Development. Single-family housing starts decreased 11.8% in December compared with November levels.

New single-family home sales rose 14.1% year over year in December, according to the Census Bureau and HUD. On a monthly basis, new home sales fell 9.3% from the revised November amount.

Existing-home sales in the U.S. increased 1.1% year over year in December, but decreased 3.6% on a monthly basis compared to the revised November level, according to the National Association of Realtors.

The SNL U.S. Homebuilders index generated a negative 3.3% total return year-to-date as of Jan. 30, with Taylor Morrison Home Corp. ranking first with a 5.5% return.

SNL Image

SNL Image

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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