Below 2017 Levels According to Census Data

Today’s News Synopsis:

Permits, starts, and completions all down.  Builder and developer confidence in the multifamily sector was weak in the third quarter according to NAHB’s Multifamily Market Survey, dropping three points to 48.  Out of the whole year, what are the top ten best days to purchase a home?

In The News:

Inman – “Permits, starts and completions all drop below 2017 levels” (11-20-2018)

“Permits for new construction, housing starts and housing completions were all below 2017 levels in October, according to data released Tuesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD).”

ATTOM Data Solutions “Top 10 Best Days of the Year to Buy a Home” (11-20-2018)

“ATTOM Data Solutions, curator of the nation’s premier property database, today released an analysis of the best days of the year to buy a home, which shows that only 10 days of the year offer discounts below estimated market value — seven in December, and one each in October, November and February.”

NAHB “Multifamily Builder and Developer Confidence Weakens in Third Quarter as Market Faces Challenges” (11-20-2018)

“Confidence in the multifamily housing market weakened in the third quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB).”

Forbes – “How Real Estate Is Breaking The Blockchain Mold” (11-20-2018)

“If you think of blockchain, you might think of data, secrecy or decentralization. But its primary purpose was to act as a digital time stamp and was first used in 1992 by Haber and Stornetta to create a verifiable audit trail.”

CoreLogic – “CoreLogic Reports Strong Employment Growth is Driving Low-to-Mid Tier Rent Price Increases” (11-20-2018)

“CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and among 20 metropolitan areas.”

HousingWire – “Here are 5 AI trends to watch for in 2019” (11-20-2018)

“This year is drawing to a close, and many experts are already predicting the direction mortgage lending will take in 2019.”

Mansion Global “East vs. West: How the Vibes Differ on Florida’s Two Coasts” (11-20-2018)

“It’s the time of year when vacation home buyers’ dreams turn to palm trees, sandy beaches, and warm breezes—or, simply put, Florida.”

Boston Globe – “US Treasury to scrutinize all-cash home sales in Boston” (11-20-2018)

“Secret buyers of luxury real estate in Greater Boston will soon get extra scrutiny.  The US Treasury Department has added Suffolk and Middlesex Counties to a program that requires people who buy homes with cash through shell companies to share their name with the government.”


California Real Estate Investor Events

Bruce Norris will be presenting his latest market timing report California Real Estate: On Borrowed Time on Saturday, January 26.


Looking Back:

What was the next digital revolution Real Estate?  HUD and the Commerce Department reported a 13.7% increase in housing starts in October.  In a shocking story, Janet Yellen announced she was resigning from the Federal Reserve Board of Governors.


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