National Price Growth Lowest Since September 2012, Denver’s Home Prices Lagging Behind the US Average

Case-Shiller's 20-City Composite

March data has been rough. Housing Starts were down almost 9% month over month in March and the February 18.7% blow out gain for Starts was revised down to 11.7% month over month. Building Permits were also down in March, by almost 2% and the unexpected February gain was revised down to a 0.7% decline. Most concerning were single-family starts which were down 10% year over year and a staggering 17% month over month. This is the biggest drop in almost four years. Adding to the gut punch, single-family permits were also down. Three of four regions posted declines and… Read moreNational Price Growth Lowest Since September 2012, Denver’s Home Prices Lagging Behind the US Average