Editor: David Reiss
Brooklyn Law School

May 29, 2015

Friday’s Government Reports

By Serenna McCloud

  • According to the Commerce Department sales of new single-family houses in April 2015 were at a seasonally adjusted annual rate of 517,000 which is a 26% increase over last April and a 6.8% increase since March.
  • The Federal Housing Finance Authority’s (FHFA) House Price Index for April 2015 shows a 1.3% increase nationwide.The top five states in annual appreciation: 1) Colorado – 11.2 percent 2) Nevada – 10.1 percent 3) Florida – 8.7 percent 4) Washington – 7.6 percent 5) California – 7.5 percent.  Increases were greatest in Oakland-Hayward-Berkeley, CA (MSAD), where prices increased by 13.4 percent. Prices were weakest in the Greensboro-High Point, NC, where they fell 2.3 percent.
  • The FHFA’s monthly interest rate survey finds that April’s average mortgage interest rate of 3.78% represents a decrease of 2 basis points since March.
  • The Federal Reserve Bank of New York recently released its Survey of Consumer Expectations (SCE) – Housing Survey 2015 in which it reports a finding that, “households remain broadly optimistic about housing market” and that “most renters want to own.”


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