M2m condo assignment . House prices continue to rise strongly. Although the COVID-19 epidemic has had a serious impact on the economy, the US real estate market continues to grow at double-digit rates, while the Canadian real estate market is also growing strongly.Please Visit: M2m condo assignment to Get Your VVIP Registration Today!
After eight years of strong house price growth, the rising momentum of house prices in the United States continues unabated. The seasonally adjusted S & P / Case-Shiller national house price index rose 10.28% (adjusted for inflation) in the first quarter of 2021, up from 2.94% the previous year. The US house price index rose 10.54 per cent year-on-year (adjusted for inflation) in the first quarter of 2021, an increase of 3.96 per cent over the previous year and the highest annual growth rate on record. The s & p / Case-Shiller index rose 2.36 per cent year-on-year in the first quarter of 2021, while the FHFA index rose 2.4 per cent.
As the economy recovers, housing demand in the United States continues to grow strongly. Due to a very low base last year, sales of new single-family homes rose 48.3 per cent year-on-year in April 2021, to a seasonally adjusted annual rate of 863000 units. Similarly, sales of existing homes grew strongly by 33.9% in April 2021, at a seasonally adjusted annual rate of 5.85 million units. In the same period, new housing construction increased by 67.3% over the same period last year, and completion increased by 21.7% over the same period last year.
According to the National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index (HMI), confidence among US homebuilders remained high at 83 in May 2021, up from 37 in the same period last year, when flu-related blockades hit housing market activity. 50 is the midpoint of positive and negative emotions.
The fed recently raised its economic growth forecast for 2021 to 6.5% from 4.2%, thanks to accelerated vaccine distribution and new government stimulus measures. Last year, the US economy contracted by 3.5%, the biggest decline since World War II demobilized soldiers in 1946.