Lafayette, LA - Local Housing Data - Summary

Change location:

Region

State

City

Lafayette, LA

You have successfully subscribed to the local housing data e-newsletter for .

If you wish to receive monthly updates for other market areas please subscribe to new markets using our expanded form.

 
 
 
 
Unlock charts and graphs!

Once registered, see a dozen additional charts on 366 cities around the US.

 
Enlarge

Lafayette, LA Local News

Latest Figures Indicate New Home Closings in Lafayette Fall

Posted on: Aug 08, 2014 11:30:44 AM

In the Lafayette, LA market in May, closings of new homes declined year-over-year, and the decline was by a larger percentage than the April 2014. New home closings moved from 9 a year earlier to none after the figure moved from 2 in April 2013 to 1 in April 2014.

New home closings were 3.2% of total closings a year earlier, and this percentage saw a drop as new home closings this year made up none of the 235 total closings. Closings of new and existing homes dropped year-over-year in May after also falling in April year-over-year.

Other Market Trends

Foreclosures and real estate owned (REO) closings continued to decline from a year earlier in May, but did not look to be a burden on the market. Combined, foreclosures plus REO closings made up 15.7% of existing home closings, below 20.5% a year earlier. The percentage of existing home closings involving foreclosures dropped to 5.1% in May from 9.0% a year earlier and REO closings moved from 11.6% of existing home closings in May 2013 to 10.6% in May 2014.

Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in the Lafayette, LA area.

 
 
 

Change location:

Region

State

City

 
 

Join the Discussion

Please read our Content Guidelines before posting.