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EHS | The US housing market ended 2019 on a strong note (+10.8 YoY for December). Here’s how that effects the 2020 local market in both up and down directions.

EHS | November’s housing market lifted year-over-year but declined monthly, with prices gaining again on ever-tightening inventory levels.

In August, three of the four major regions of the country saw a rise in existing home sales. As sales rose 2.6%, prices were up thanks in large part to continued inventory shortages.

Existing home sales fell in June 2019, while prices and inventory levels continued to inch forward. The market is still faced with a significant shortage of existing housing units.

Easy to spin the data either way: February saw a nice rebound in the US housing market over January, but year-over-year pacing retracted by 1.8%. Median home price and inventory continued to increase.

Another mixed bag in the housing market for November as existing-home sales and average house prices rose, but inventory remained somewhat mismatched with demand.

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While the housing market inched forward in October, it’s still pacing down year-over-year. Inventory is recovering, albeit painfully slowly.

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A troubled housing market can usually signal a looming contraction of the home improvement industry. Home Depot’s recent results demonstrate strong resilience to this trend.

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ESA@Work | The existing home sales numbers for September aren’t great: pacing is down, interest rates up, inventory up but still lagging, and affordability challenging today’s home shopper.

Existing home sales in the US remained flat in August versus July, and down 1.5% year-over-year. Median prices continued to increase.