HBA of Southeastern Michigan
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    NAHB Eye on Housing

    Multifamily Building: Third Quarter Data
    Friday November 27th, 2015 01:45:45 PM Robert Dietz
    An elevated market share for rental multifamily homes is holding typical new apartment size below levels seen during the housing boom. However, as multifamily developers build more for-sale housing units in the years ahead, the average size of multifamily homes is likely to rise. The recent pattern of change in the size of new multifamily units stands in contrast to the post-recession increase in the size of... Read More ›

    Consumer Confidence Retreated in November
    Thursday November 26th, 2015 02:00:17 PM Jing Fu
    The Conference Board released the Consumer Confidence Index for November, reporting that the index dropped sharply to 90.4 in November, following a moderate decrease in October. Both subcomponents contributed to the decline. The present situation index declined to 108.1 from 114.6 in October; the expectations index slipped to 78.6 from 88.7 in October. Compared to October, in November, the decline... Read More ›

    Effective Rate on New Home Loans Dips to 4.02 Percent
    Wednesday November 25th, 2015 07:04:38 PM Paul Emrath
    After two months of near perfect stability, interest rates on conventional mortgages for newly built homes declined noticeably in October, according to data released this week by the Federal Housing Finance Agency (FHFA).  The FHFA data show the average contract rate on the loans dropping from 3.98 to 3.92 percent, while average initial fees and charges went from 1.16 to... Read More ›

    New Home Sales Rebound
    Wednesday November 25th, 2015 03:54:08 PM David Crowe
    Census and HUD reported new homes sales for October rebounded from their unexpected low in September to a level of 495,000 on an annual basis. This is a 10.7% increase from the revised September, a 1.6% increase from the third quarter average and a 15.7% increase in year-to-date not seasonally adjusted levels from last year. Regionally, only the West experienced... Read More ›

    Growth for Residential AD&C Loans
    Tuesday November 24th, 2015 10:05:46 PM Robert Dietz
    The volume of residential construction loans outstanding expanded 3.9% during the third quarter of 2015, marking the tenth consecutive quarter of growth. The tight availability of acquisition, development and construction (AD&C) loans has been a factor holding back a stronger rebound in home construction. According to data from the FDIC and NAHB analysis, the outstanding stock of 1-4 unit residential construction loans made by FDIC-insured institutions... Read More ›

    CNN - Real Estate News

    Google could be your next mortgage broker
    Monday November 23rd, 2015 10:09:30 PM
    Google is looking to make it easier for house hunters to find a mortgage.

    Not buying a home was my smartest financial move
    Monday November 23rd, 2015 05:52:05 PM
    Read full story for latest details.

    Australia blocks sale of Ohio-sized ranch
    Thursday November 19th, 2015 03:42:17 PM
    The Australian government has blocked the sale of a massive private cattle ranch to foreign buyers, saying it was "contrary to the national interest."

    You probably can't afford to live near good schools
    Thursday November 19th, 2015 03:04:47 PM
    Read full story for latest details.

    How to buy a home without a 20% down payment
    Friday November 13th, 2015 03:53:32 PM
    As home prices rise, it's getting harder for buyers to come up with a down payment. But there are options.

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