Sentences with phrase «new home prices slowed»

The 12 - month rise in new home prices slowed to 5.1 per cent in (the first quarter), down from a peak of 5.9 per cent in mid-2004.

Not exact matches

«Slowing consumer demand combined with a surge in new home completions over the next several quarters will create more balance in the housing market and produce less upward pressure on home prices,» the association says in its release.

A new forecast for the Los Angeles housing market suggests that home prices could rise considerably slower over the next year than the previous 12 months, settling into a historically average rate of growth.

The building of more new homes may cause some of this slowing in home price inflation.

And while price increases across Canada are expected to slow this year because of tighter restrictions from new federal home financing rules that aim to make it harder to get a mortgage, BMO's Porter believes that Toronto and any city that is within commuting distance is in a dangerously overheated housing market.

A new forecast for the Los Angeles housing market suggests that home prices could rise considerably slower over the next year than the previous 12 months, settling into a historically average rate of growth.

On the other hand, the local economy is doing well, lots of folks from out of state are moving here for new jobs and home prices are not showing any sign of slowing down.

«Preliminary research results from our team find that millennials are accelerating the rate at which they move out of their parents» homes and form new households; however, continued slow supply growth implies continued strong price appreciation and affordability constraints facing millennials and first - time buyers in many markets,» Duncan says.

«Price increases caused by the development impact fee could have a chilling effect on sales of new homes in the county and eventually slow growth,» says CAR President Pat Terrill, who testified before the county commission in February.

«In areas where home - building has severely lagged job creation in recent years, it's going to be a slow slog before there's enough new construction to cool price appreciation to a pace that aligns more closely with incomes.»

What's needed to spur stronger growth in the housing market is a marked increase in inventory through stepped - up new construction, because only more new homes will ease tight inventories and, in turn, help slow home price gains, helping affordability.

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South Florida home prices posted steady gains in the second quarter, but slower growth would be better for the housing market long term, according to a new report.The median price for single - family homes in Palm Beach, Broward and Miami - Dade counties...

According to a new report, the changes could slow home price growth by as much as 4 percent.

An influx of new homes on the market relieves pressure on the limited supply of existing homes, helps slow the upward movement of home prices, and will, over time, ease the affordability of homes on the market.

A new forecast for the Los Angeles housing market suggests that home prices could rise considerably slower over the next year than the previous 12 months, settling into a historically average rate of growth.

But when new housing is proposed, those who stand to gain from it most often do not live in the city where it is proposed — they include renters and future homeowners throughout the metro who would benefit from slower housing price growth, and whose ability to remain in the metro diminishes when rents and home values rise.