Residential real-estate prices increased in the year ended August by the most in two years, a sign housing will continue to boost U.S. economic growth.
Housing starts in the U.S. surged 15 percent in September to the highest level in four years, adding to signs of a revival in the industry at the heart of the financial crisis.
Sales of new U.S. homes climbed in April for the first time in three months, allaying concerns of an extended setback in the residential real-estate market.
Home prices rose in May by the most in more than seven years as the recovery in U.S. residential real estate gained momentum.
The rebound in U.S. homebuilding accelerated in December, capping the best year for the industry since 2008 and adding to signs residential real estate is contributing to economic growth.
Purchases of new U.S. homes unexpectedly decreased in December, a blemish as the industry wrapped up its best year since 2009 to emerge as a bright spot for the economy.
Sales of new U.S. homes unexpectedly declined in December for the first time in four months, capping the slowest year on record for builders.
Sales of previously owned homes rose more than forecast in November to reach a three-year high as lower borrowing costs sustained the U.S. housing rebound.
"It is hard to make the case that the housing market won't start to show better signs."
- Anika Khan on Dec 23, 2014
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