Home Prices Rise at Record Pace

Data through April 2013 showed average home prices increased 11.6% and 12.1% for the 10- and 20-City Composites in the 12 months ending in April 2013.

From March to April, the 10- and 20-City Composites rose 2.6% and 2.5%.

See S&P/Case-Shiller Home Price Indices ─ April 2013

Click the Chart

Original content +Bob DeMarco , All American Investor

Highlights of Annual 2012 Characteristics of New Housing

Of the 483,000 single-family homes completed in 2012:

• 432,000 had air-conditioning.
• 63,000 had two or fewer bedrooms and 198,000 had four bedrooms or more.
• 34,000 had one and one-half bathrooms or less, whereas 145,000 homes had three or more bathrooms.
• 142,000 had a full or partial basement, while 78,000 had a crawl space, and 263,000 had a slab or other type of foundation.
• 266,000 had two or more stories.
• 278,000 had a warm-air furnace and 183,000 had a heat pump as the primary heating system.
• 285,000 heating systems were powered by gas and 189,000 were powered by electricity.

The average single-family house completed was 2,505 square feet.