The Terre Haute, IN market saw no change in new home closings year-over-year in April, staying level after a year-over-year decline in March from the year earlier. Closings remained level at none from a year earlier after the figure moved from 1 in March 2015 to none in March 2016. New home closings moved from none a year earlier to none after the figure moved from 1 in March 2015 to none in March 2016.
Following a fall in March year-over-year, closings of new and existing homes gained year-over-year in April.
Other Market Trends
Foreclosures and real estate owned (REO) closings continued to fall from a year earlier in April, but did not appear to be dragging the market. Combined, foreclosures plus REO closings accounted for 20.3% of existing home closings, below 26.9% a year earlier. The percentage of existing home closings involving foreclosures declined to 9.3% in April from 13.0% a year earlier while REO closings as a percentage of existing home closings sank to 11.0% from 13.9% a year earlier.