Posts Tagged ‘housing starts’

How Will a Recession Impact the Real Estate Market?

August 16th, 2017

Today’s News Synopsis: Experts are predicting a recession within three years.  The National Association of Realtors reported a 6.2% increase in home prices in the second quarter.  In addition, existing home sales decreased from the first quarter by 0.9% to 5.57 million due to lackluster supply. In The News: Zillow – “Another Recession Will

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Housing Starts Decreased 5.5% Last Month

June 16th, 2017

Sources: CoreLogic Reports Mortgage Delinquencies Dropped to a 10-Year Low in March 2017 Builder Confidence Remains Solid in June Mortgage Rates Inch Up After Extended Decline U.S. Jobless Filings at Three-Week Low Amid Strong Labor Market Early Birds and Night Owls: We’ve Found the Best U.S. Cities for You New real estate developments abound up and

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Construction on Multifamily Properties Decreased 2.6% Last Month

May 16th, 2017

Today’s News Synopsis: Construction on multifamily properties decreased 2.6% last month according to HUD and the Commerce Department.  Mortgage delinquency rates decreased to 4.71% at the end of the first quarter of 2017 according to the Mortgage Bankers Association.  Fannie Mae released their latest Economic and Housing Outlook, showing they

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CAR Releases Latest Home Sales and Price Report for February

March 16th, 2017

Today’s News Synopsis: CAR released their latest home sales and price report for February, showing a 4.7% month-over-month decrease but 4.9% year-over-year increase for existing sales and a 2.2% month-over-month decrease and 7.6% year-over-year increase in median price.  Housing starts on single-family properties increased by 3% across the nation to

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Housing Affordability at Lowest in 8 Years, Yet Still Remains Positive

February 16th, 2017

Today’s News Synopsis: The latest study from ATTOM Data Solutions showed that of the homes valued at a total of $4.9 trillion, 17.3 million of them are in zip codes where environmental hazards are a high risk.  The latest HUD and Census Bureau reports showed housing starts decreased 2.6% to

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More Real Estate Firms Positive About Future Earnings

September 20th, 2016

Today’s News Synopsis: HUD and the Commerce Department reported a 5.8% decrease in housing starts last month.  The NAR held a survey recently showing more and more real estate firms and brokerages are positive about future profit.  Stocks increased as people continue to wait to see what decision the Fed

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Interest Rates May Need to Increase at Least Once This Year

August 16th, 2016

Today’s News Synopsis: People affected by flooding in the Lousiana area have the option of receiving mortgage assistance, as Fannie Mae has reminded them.  The latest data from both HUD and the Commerce Department showed a 2.1% increase in housing starts, in part to an increase in multifamily housing.  Interest

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Consumers Remain Optimistic About Credit Despite Increase in Default Rates

July 19th, 2016

Today’s News Synopsis: HUD and the Commerce Departments reported a 4.8% increase in housing starts for June.  The latest data showed an increase in default rates for consumer credit and mortgages, yet despite this consumers still remain optimistic about credit.  Fannie Mae reported they are unsure about the market in

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NAHB Reported 6.6% Increase in Housing Starts for April

May 17th, 2016

Today’s News Synopsis:   The NAHB reported a 6.6% increase in housing starts for the month of April.  The commercial market is expected to improve in the coming months according to the latest US Macro Forecast by Cushman & Wakefield.  A new bill has been introduced by Rep. Tom Emmer that

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HUD and Commerce Dept. Reported 8.8% Decrease in Housing Starts

April 19th, 2016

Today’s News Synopsis:   Both HUD and the Commerce Department reported housing starts decreased by 8.8% last month and now stand at 1.089 million.  The NAHB reported builder confidence continues to remain high at 58 for three months now.  Another aspect of the market that also saw an increase last month

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