Posts Tagged ‘BuildFax’

The Norris Group Real Estate News Roundup 9/19/12

September 19th, 2012

Today’s News Synopsis: Construction on new homes increased 2.3% according to the National Association of Home Builders.  At the same time, remodeling on homes increased 15% in July to 3,144,000.  Existing home sales also increased 7.8% last month to their highest level since May 2010. In The News: NAHB – “Housing Starts Rise

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The Norris Group Real Estate News Roundup 5/15/12

May 15th, 2012

Today’s News Synopsis: According to NAHB, builder confidence increased this month by five points to a level of 29.  However, at the same time the amount of homes remodeled decreased in March 1%, although they are still at high levels.  The number of listed homes on sale decreased 21% from last

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The Norris Group Real Estate News Roundup 4/16/12

April 16th, 2012

Today’s News Synopsis: NAHB reported a decline in builder confidence this month, bringing it down to 25.  According to Bloomberg, prices for homes increased 1.6% last month for the first time in over a year.  Remodeling jobs on homes also increased in February to 2.89 million, marking that month the third

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The Norris Group Real Estate News Roundup 3/19/12

March 19th, 2012

Today’s News Synopsis: The Treasury Department sold the last of its $225 billion portfolio of Fannie Mae and Freddie Mac mortgage-backed securities, generating $25 billion.  Builder confidence has remained consistent this month at 28, meaning confidence is at its highest level since June 2007.  Lawrence Yun of NAR warned a fear

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The Norris Group Real Estate News Roundup 1/18/12

January 18th, 2012

Today’s News Synopsis: According to the most recent Mortgage Bankers Association Weekly Mortgage Applications Survey, mortgage applications increased 23.1% from last week.  NAHB reported builder confidence increased this month for the fourth month in a row, having increased 4 points to 25.  The FHFA is expected to be subpoenad regarding how

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The Norris Group Real Estate News Roundup 12/19/11

December 19th, 2011

Today’s News Synopsis: Home sales increased again in November for the fifth month in a row, increasing 8% from last year.  The latest data from the Lender Processing Services showed that the number of loans delinquent at the end of last month had increased almost 3% on a monthly basis.  In

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The Norris Group Real Estate News Roundup 7/21/11

July 21st, 2011

Today’s News Synopsis: U.S. homes prices decreased 6.3% year over year in May, but on a positive note prices increased the same month on a month to month basis.  According to Freddie Mac, mortgage rates have not changed much this week, remaining at around 4.5% and 3.6%.  Jobless claims are now

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