Register - if you don't have an account

Yes! Sign me up for Global Property Guide's fortnightly email newsletter.

Login - for registered users

Forgot Password?
Explore destinations
continent map couldn't be loaded Pacific Europe & Russia North America Latin America Asia Africa Middle East Caribbean


Investment Property News

My company
Global Property Guide


U.S. housing market's unexpected strength

Oct 04, 2017 | 0 Comment(s)

Trend: house prices up 4.07% y-o-y in Q2 2017
The S&P/Case-Shiller seasonally-adjusted national home price index rose by 4.07% during the year to Q2 2017 (inflation-adjusted), slightly up from a y-o-y rise of 3.86% in Q2 2016. House prices increased 2.62% during the latest quarter. 
Analysis:  the U.S. economy grew by an annual rate of 3% y-o-y to Q2 2017, the strongest pace in more than two years. 
New house sales were down by 8.9% y-o-y in July 2017, according to the U.S. Census Bureau.  Yet despite the recent decline in demand, U.S. homebuilders remain very bullish. U.S. homebuilder sentiment stood at 68 in August 2017, up from 64 the previous month and 59 in the same month last year, according to the National Association of Home Builders (NAHB). A reading of 50 is the midpoint between positive and negative sentiments.
Rents, rental yields: poor yields in New York, at 2.91%
New York apartment costs are very high, at around $17,191 per sq. m. 
U.S.: city centre apartment, buying price, monthly rent (120 sq.m.) 
   Buying price  Rent per month  Yield
 New York  $2,037,340  $4,942  2.91%
Recent news:  The U.S economy is expected to expand by 2.1% this year. The current strong Eurozone recovery suggests that the relative weakness of the $ may continue. 


Download free property reports from international research houses

Our Newsletter

Fortnightly updates from the global property arena directly to your inbox.

Manage subscriptions