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

    NAHB Eye on Housing

    It Takes 22 Subcontractors to Build the Average Home
    Thursday September 3rd, 2015 12:07:13 PM Paul Emrath
    A previous post discussed how the current shortage of subcontractors in residential construction is becoming more acute.  This is significant, because subcontractors are very important to the construction of the typical home.  Periodically, NAHB has found it worthwhile to remind the public just how important. NAHB addressed the topic most recently in the September 2015 Special Study in Housing Economics. ... Read More ›

    Eye on the Economy: Growth for July Sales
    Wednesday September 2nd, 2015 07:00:11 PM David Crowe
    ***Eye on the Economy is a biweekly survey of NAHB’s economic and housing analysis from Chief Economist David Crowe. July housing data brought good news for both the newly built and existing home markets. July newly built homes sales, as reported by the Census Bureau and HUD, rose 5.4% from June and 25.8% from July 2014. The increase brings annual new... Read More ›

    Steady AD&C Loan Growth
    Wednesday September 2nd, 2015 05:32:44 PM Robert Dietz
    The volume of residential AD&C loans outstanding expanded 4.7% during the second quarter of 2015, marking the 9th 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... Read More ›

    July Gains for Residential Construction Spending
    Tuesday September 1st, 2015 05:41:51 PM Na Zhao
    NAHB analysis of Census Construction Spending data shows that total private residential construction spending for July continued to increase, rising to a seasonally adjusted annual rate of $387 billion. On a month-over-month basis, private single-family spending was $218 billion, up by 2.1% over the revised June estimate. Private multifamily spending declined to $52 billion, down by 2.2%, after three months... Read More ›

    What Types of Foundations Are Used in New Homes?
    Monday August 31st, 2015 07:42:44 PM Na Zhao
    NAHB analysis of the Survey of Construction (SOC) shows that the market share of new single-family homes built on slabs has been generally increasing, whereas homes with basements or crawl spaces have been on the decline since the year 2000. 56% of all new single-family started in 2014 were built on slab foundations, 28% had a full/partial basement, and 15%... Read More ›

    CNN - Real Estate News

    Stocks crash to push more China cash into global real estate
    Wednesday September 2nd, 2015 12:37:22 PM
    Chinese stocks have been so wild lately that investors are pulling their money and looking for opportunities in global real estate markets.

    You need to earn $157,912 to afford a home here
    Tuesday September 1st, 2015 09:25:31 PM
    Here's what you need to earn to afford a home in the 27 biggest metro areas in the country, according to

    Homes sell the fastest in these markets
    Wednesday August 26th, 2015 10:37:50 AM
    The pace of home sales is starting to slow in markets throughout the country, according to a new report from Trulia.

    Airbnb: 1,000 companies sign up for business travel
    Friday August 21st, 2015 07:01:27 PM
    Corporations have been clamoring to sign up for Airbnb's new business travel service as they seek alternatives to traditional hotels.

    Sky swimming: Luxury London condo to get 'floating' pool
    Friday August 21st, 2015 03:40:46 PM
    Read full story for latest details.

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