Here are some interesting charts on the USA national housing market.The charts tell an interesting story about the state of the housing market in the USA
Residential Construction data Released May 17 2011
- Building starts fell from fell 10.6% in April. Permits fell privately owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 551,000.
- Permits declined 4.0 percent in April and is 12.8% from the prior year (632 000)
Chart.1 Starts and Permits still at All time Low
Mortgage Bankers Association Delinquency figures released 19 May 2011
Chart.2 Delinquencies As % Of Total Residential Loans O/S
- Q1 2011 8.32% marginally up from Q4 2010 8.25%.
- Delinquency rates as percentage loans outstanding peaked in Q1 2010 at 10.06%
NAHB Housing Market Index released May 16 2011
Chart.3 National Assoc of Home Builders Survey points to improved Buyer Traffic
- Buyer traffic trending upward since Sep.2010,
- NAHB market index unchanged. Builder confidence stuck at low levels due high level of distressed properties and uncertainty about the nature of government support for housing market.
National Association of Realtors Existing Home Sales released May 19 2011
Chart.4 Sales to Inventory Declines on lower sales
- Existing Sales down marginally for 0.8% for the month, 6.5% for the quarter and 13% from year ago levels.
- Inventory levels are up 10% for the month and 15% for the quarter but have fallen by 4% from last year.
The improvement in delinquencies may due to the recent recovery in the employment figures. Inventory levels have yet to show significant improvement from the sub prime recession. Consequently, homebuilders are discouraged from breaking new ground. This evidenced by the anaemic levels of new building starts and permits