housing starts

CAR Releases Latest Home Sales and Price Report for February

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 their highest in 10 years. …

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

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 1.246 million units.  Housing affordability …

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More Real Estate Firms Positive About Future Earnings

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 will make regarding interest rates. …

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Interest Rates May Need to Increase at Least Once This Year

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 rates may need to increase …

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Consumers Remain Optimistic About Credit Despite Increase in Default Rates

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 the second half of the …

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

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 was the volume of …

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NAHB Reported a Decrease in Both Builder Confidence and Housing Starts

Today’s News Synopsis:   The NAHB reported a decrease in builder confidence this month while also reporting a 3.8% decrease in housing starts for the month of January.  The MBA reported an 8.2% increase in mortgage refinance applications from last week.   Ed Delgado, the president of Five Star Institute, met with Hud Secretary Julián …

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Homeowners Can Apply for $3,000 Grant to Have Home Structured for Earthquake

  Today’s News Synopsis:    In a big news story, homeowners can apply for a $3,000 grant to have their home structured to withstand an earthquake.  The Mortgage Bankers Association reported an increase of 9% in mortgage applications and a decrease of 5% for new home purchase applications.  The NAHB reported housing starts increased 10.8% …

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House Votes to Revise Qualified Mortgage Definition

Today’s News Synopsis:   The House of Representatives voted today to revise the definition of the a qualified mortgage.  However, this new ruling is already under threat of veto.  Housing starts decreased by 11% with the decrease in multifamily housing. In The News: DS News – “Slight Increases In Mortgage Default Rates Should Not Raise Concerns” …

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