trending Market Intelligence /marketintelligence/en/news-insights/trending/M-jpN2qIJSKBmz3_eOMp-w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

US housing market: New home sales, housing starts on the rise in November 2019

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor


US housing market: New home sales, housing starts on the rise in November 2019

New single-family home sales in the U.S. grew to a seasonally adjusted annual rate of 719,000 in November 2019, a 1.3% increase over the revised October 2019 figure and a 16.9% jump year over year, according to data most recently released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Single-unit housing starts followed a similar trend, up 2.4% month over month and 16.7% on a yearly basis.

Existing-home sales, on the other hand, dipped slightly in November 2019 compared to their October 2019 levels, down 1.7% on a monthly basis but up 2.7% year over year, according to the National Association of Realtors. Within the recent release, NAR chief economist Lawrence Yun noted the drop in sales in November was not a sign of concern, as home sales fluctuate and are "choppy" when inventory levels are low. Yun also commented that the economy is otherwise performing "very well."

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index meanwhile continued its ascent in October 2019, up another 0.5% month over month after seasonal adjustment. On a yearly basis, the national index was up 3.3%.

SNL Image