{"id":1004077339,"date":"2013-06-18T06:10:03","date_gmt":"2013-06-18T14:10:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004077339"},"modified":"2022-12-08T15:48:46","modified_gmt":"2022-12-08T23:48:46","slug":"economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\/","title":{"rendered":"Economy Watch: Homebuilders Happy; FNC Home Price Index Up; Investors Pleased About G-8"},"content":{"rendered":"

By Dees Stribling, Contributing Editor<\/em>\u00a0<\/span><\/p>\n

American home builders have finally climbed out of their crummy funk, according to the National Association of Home Builders on Monday. That is, the association\u2019s housing market index increased eight points to a reading of 52 in June \u2013 the first time it\u2019s been more than 50 since before the housing market collapse. More than 50 means that more homebuilders than not see sales conditions as good instead of poor.\u00a0<\/span><\/p>\n

All three index components posted gains in June. The index gauging current sales conditions increased eight points to 56, while the index measuring expectations for future sales rose nine points to 61 \u2013 its highest level since March 2006. The index tracking traffic of prospective buyers, the only one still in pessimistic territory, rose seven points to 40.\u00a0<\/span><\/p>\n

\u201cThis important benchmark reflects the fact that builders are seeing better market conditions as demand for new homes increases,\u201d NAHB chairman Rick Judson, a home builder and developer from Charlotte, NC, said in a statement. \u201cWith the low inventory of existing homes, an increasing number of buyers are gravitating toward new homes.\u201d\u00a0<\/span><\/p>\n

FNC Home Price Index Up<\/strong><\/p>\n

Another bit of good news for housing came on Monday from FNC. According to the latest FNC Residential Price Index, U.S. home prices were up 0.7 percent in April compared with March, though part of that is seasonal. FNC calculates its index based on sales of non-distressed residential properties in the 100 largest metro markets in the country.<\/p>\n

On a year-over-year basis, home prices were up 4.6 percent, FNC also said. The indices have been revised downward for the prior months, resulting in more moderate annual price accelerations, but the overall trend is still upward.\u00a0<\/span><\/p>\n

Improved credit availability, low interest rates, and low home prices continue to drive the housing recovery, noted FNC. Signs of rising mortgage rates \u2013 which have been hovering at historical lows in the last 10 months \u2013 have likely drawn out additional pent-up demand. Foreclosure activity continues to drop, with distressed sales contributing only 16 percent of total home sales, down from 17.8 percent in March and 21.6 percent a year ago.<\/p>\n

Investors Seem Happy About G-8<\/strong>\u00a0<\/span><\/p>\n

While members of the G-8 were in Northern Ireland on Monday reportedly trying to hammer out a trade deal between the U.S. and the European Union, Wall Street had another up day in its latest bipolar run of trading sessions. Perhaps investors believe that Fed-style stimulus will not only continue in the U.S. but also take root in austerity-happy Europe too.<\/p>\n

In any case, the Dow Jones Industrial Average was up 109.67 points, or 0.73 percent. The S&P 500 gained 0.76 percent, and the Nasdaq advanced 0.83 percent.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Homebuilders have finally climbed out of their economic slump, with the National Association of Home Builders housing market index increasing eight points. Home prices were also up 0.7 percent. And investors reflected their confidence about the G-8 summit through stocks spiking yesterday.<\/p>\n","protected":false},"author":952,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004077339","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\nEconomy Watch: Homebuilders Happy; FNC Home Price Index Up; Investors Pleased About G-8 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Homebuilders Happy; FNC Home Price Index Up; Investors Pleased About G-8\" \/>\n<meta property=\"og:description\" content=\"Homebuilders have finally climbed out of their economic slump, with the National Association of Home Builders housing market index increasing eight points. Home prices were also up 0.7 percent. And investors reflected their confidence about the G-8 summit through stocks spiking yesterday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-06-18T14:10:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T23:48:46+00:00\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\\\/\"},\"author\":{\"name\":\"Anna Spiewak\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"headline\":\"Economy Watch: Homebuilders Happy; FNC Home Price Index Up; Investors Pleased About G-8\",\"datePublished\":\"2013-06-18T14:10:03+00:00\",\"dateModified\":\"2022-12-08T23:48:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\\\/\"},\"wordCount\":449,\"commentCount\":0,\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\\\/\",\"name\":\"Economy Watch: Homebuilders Happy; FNC Home Price Index Up; Investors Pleased About G-8 - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"datePublished\":\"2013-06-18T14:10:03+00:00\",\"dateModified\":\"2022-12-08T23:48:46+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy Watch: Homebuilders Happy; FNC Home Price Index Up; Investors Pleased About G-8\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\",\"name\":\"Anna Spiewak\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g\",\"caption\":\"Anna Spiewak\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/annaspiewak\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Economy Watch: Homebuilders Happy; FNC Home Price Index Up; Investors Pleased About G-8 - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\/","og_locale":"en_US","og_type":"article","og_title":"Economy Watch: Homebuilders Happy; FNC Home Price Index Up; Investors Pleased About G-8","og_description":"Homebuilders have finally climbed out of their economic slump, with the National Association of Home Builders housing market index increasing eight points. Home prices were also up 0.7 percent. And investors reflected their confidence about the G-8 summit through stocks spiking yesterday.","og_url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-06-18T14:10:03+00:00","article_modified_time":"2022-12-08T23:48:46+00:00","author":"Anna Spiewak","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\/"},"author":{"name":"Anna Spiewak","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1bbb99675c2609ea2e6792f8b25d7b76"},"headline":"Economy Watch: Homebuilders Happy; FNC Home Price Index Up; Investors Pleased About G-8","datePublished":"2013-06-18T14:10:03+00:00","dateModified":"2022-12-08T23:48:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\/"},"wordCount":449,"commentCount":0,"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\/","url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\/","name":"Economy Watch: Homebuilders Happy; FNC Home Price Index Up; Investors Pleased About G-8 - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"datePublished":"2013-06-18T14:10:03+00:00","dateModified":"2022-12-08T23:48:46+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1bbb99675c2609ea2e6792f8b25d7b76"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-homebuilders-happy-fnc-home-price-index-up-investors-happy-about-g-8\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Economy Watch: Homebuilders Happy; FNC Home Price Index Up; Investors Pleased About G-8"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1bbb99675c2609ea2e6792f8b25d7b76","name":"Anna Spiewak","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g","caption":"Anna Spiewak"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/annaspiewak\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004077339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/952"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004077339"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004077339\/revisions"}],"predecessor-version":[{"id":1004619161,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004077339\/revisions\/1004619161"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004077339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004077339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004077339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}