HBA of Southeastern Michigan
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    Industry News (Sources: NAHB & CNN)

    NAHB Eye on Housing

    Townhouse Production Holds Steady
    Monday May 25th, 2015 01:30:55 PM Robert Dietz
    According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, single-family attached starts totaled 14,000 for the first quarter of 2015, effectively unchanged from a year prior. Over the last four quarters, townhouse starts totaled 73,000 nationwide. Using a one-year moving average, the market share of new townhouses stands at 11% of all single-family... Read More ›

    Consumer Prices in April – Energy Declines Again, But Overall Prices Remain Positive
    Friday May 22nd, 2015 04:31:41 PM Jing Fu
    The Bureau of Labor Statistics (BLS) reported consumer prices increased in April. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 1.2%. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 3.1%. Large swings in energy prices account for most of the divergence between CPI and the... Read More ›

    Increase for Typical New Multifamily Residence Size
    Friday May 22nd, 2015 01:14:59 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 ›

    Declines for Single-Family Built-for-Rent Market
    Thursday May 21st, 2015 08:02:05 PM Robert Dietz
    Single-family homes built-for-rent declined to approximately 2,000 starts for the first quarter of 2015, compared to about 4,000 at the start of 2014. The share and count of built-for-rent starts are off post-recession highs and will approach historical norms as the housing market continues to expand. However, given the relatively small size of this market, care must be taken when tracing changes in the estimates. According... Read More ›

    Eye on the Economy: Home Building Jumps in April
    Thursday May 21st, 2015 05:15:52 PM David Crowe
    Home builders ratcheted up construction in April to a level not seen since November 2007. Total starts increased 20.2% from March to a seasonally-adjusted annual rate of 1.135 million. The increase was broad based, with a 16.7% jump in single-family starts to an annual pace of 733,000, the highest since January 2008, and a multifamily increase of 27.2% to an... Read More ›

    CNN - Real Estate News

    It's getting more expensive to be a renter
    Thursday May 21st, 2015 06:59:37 PM
    Rents increased 4% in April from last year while home values only rose 3% during the same time period.

    World's hottest luxury housing markets
    Wednesday May 20th, 2015 08:25:20 AM
    These 10 cities saw the highest price rises for prime residential real estate over the past 12 months.

    What will your monthly mortgage payment be?
    Monday February 2nd, 2015 03:53:13 PM
    In the market for a new home? Or planning to refinance? Find out what your monthly payment will be.

    Is the party over for real estate investing?
    Friday May 22nd, 2015 11:37:12 AM
    REITs have been one of the best performing assets since the recession. But now they're stalling.

    This Texas ranch can be yours for just $725 million
    Thursday May 21st, 2015 03:09:59 PM
    Read full story for latest details.

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