Weekly Housing Statistics from Fairfax Homes 6/15-6/18
Posted by Super Admin on Monday, June 21st, 2010 at 12:05pm.15 – Sentiment among home builders retreated in June after the tax break for home buyers expired. Builders were more discouraged in all four regions of the country. Builders all across the area, including Fairfax, Reston, Vienna, Great Falls, McLean, Middleburg, Chantilly, Centreville, Bristow, Haymarket and Gainesville agreed with this negative outlook. 16 – As expected, home builders sharply reduced construction as the tax break expired. Housing starts fell 10%, the lowest annualized rate since December, with single-family homes dropping 17% to the lowest in a year. 17 – Slower growth is expected for the rest of the year according to government economists. The index of leading economic indicators rose 0.4% in May, but was below the expected gain of 0.7%. 17 – Consumer prices decreased for the second straight month as gasoline prices fell. In the past year, the CPI is up 2% and core CPI [excluding food and energy] is up 0.9% 18 - Oil closed the week at $77.18 up from $73.78 last Friday. Rates went back down again this week and are at historic lows.
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