Single Family Home Prices Slow
The Federal Home Finance Agency reported March single family home prices gaining only 0.1% month to month vs Bloomberg expectations of 0.6%---a fairly large miss and confirming that the pace of housing prices is slowing. Year over year gains continue to be healthy at 6.7% growth year over year. One months data does NOT make a trend, but as we said taken in context of higher rates and other signs of slowing in housing/construction it makes perfect sense. To learn more on how our insights assist in and owner's business planning please contact us or sign up for email updates via https://www.charlotteconsultantservices.com/news-update.