Anchorage Real Estate News
Anchorage
Nonresidential Construction Spending Falls 0.5 Percent in the U.S.
According to the Associated Builders and Contractors trade association's analysis of data published by the U.S. Census Bureau, national nonresidential construction spending was down by 0.5% in June 2022.
Pending Home Sales in America Fall 8.6 Percent in June
According to the National Association of Realtors, pending home sales decreased in June 2022, following a slight increase in May 2022. All four major regions posted month-over-month and year-over-year pullbacks, the largest of which occurred in the West.
U.S. Housing Markets with Steep Price Increases During Covid Most Susceptible to Housing Downturns in a Recession
Popular migration destinations where home prices soared during the pandemic are most likely to see the effects of a housing downturn amplified and home prices decline year over year if the economy goes into a recession.
U.S. Remodeling Market Confidence Index Declines in Q2
According to the National Association of Home Builders latest NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter, the index posted a reading of 77, declining 10 points compared to the second quarter of 2021.
