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

    NAHB Eye on Housing

    June Gains for Residential Construction Spending
    Monday August 3rd, 2015 05:48:59 PM Na Zhao
    NAHB analysis of Census Construction Spending data shows that total private residential construction spending for June increased to a seasonally adjusted annual rate of $378 billion. On a month-over-month basis, private multifamily spending increased to $52 billion, up by 2.82% over the revised May estimate, while private single-family spending was $211 billion, a slight decline of 0.27% after two months... Read More ›

    New Residential Energy Tax Credit Estimates
    Monday August 3rd, 2015 03:45:20 PM Robert Dietz
    In 2005, Congress established a number of energy-efficiency tax incentives related to housing that benefitted new home buyers and remodeling homeowners. These policies included the tax code section 45L credit for the construction of energy-efficient homes (including for-rent residences and low-rise apartments), the 25C credit for retrofitting/remodeling existing homes, and the 25D credit for the installation of power production property in... Read More ›

    Who Bought New Homes? 2011-2012 Data
    Monday August 3rd, 2015 12:45:39 PM Heather Taylor
    According to the Census’s Bureau’s American Housing Survey, 13.7 million people purchased a home in the two years prior to 2013, twice as many as did in the two years prior to 2011. Eleven percent of the homes were new homes and 43 percent of the buyers were purchasing their first home. Given recent market changes, new home buyers are... Read More ›

    Unexpected Decline in Consumer Confidence in July
    Friday July 31st, 2015 03:11:26 PM Jing Fu
    Consumer sentiment and consumer confidence are two indexes showing consumers’ perceptions of current business, income and employment conditions, as well as their expectations for the future’s economy. In July, both the University of Michigan Index of Consumer Sentiment and the Conference Board Consumer Confidence Index declined unexpectedly after the solid growth in June. Despite the monthly declines the indexes have... Read More ›

    GDP Growth in the Second Quarter – Consumer Strength, Better Data
    Thursday July 30th, 2015 10:16:57 PM Robert Denk
    The Bureau of Economic Analysis (BEA) released its “advance” estimate of real GDP growth for the second quarter of 2015 and revisions to historical estimates back to 2012. Real GDP grew at a seasonally adjusted annual rate of 2.3%, accelerating from a 0.6% rate in the first quarter. Personal consumption expenditures (PCE) contributed most of the growth (2.0%). Contributions from... Read More ›

    CNN - Real Estate News

    Now you can buy Jesse Pinkman's house
    Wednesday July 29th, 2015 05:58:10 PM
    The house Jesse Pinkman owned in Breaking Bad is up for sale.

    Foreign crooks are laundering billions in London real estate
    Tuesday July 28th, 2015 03:50:59 PM
    Read full story for latest details.

    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.

    Mike Bloomberg buys historic London mansion for $25 million
    Wednesday July 29th, 2015 10:00:58 AM
    Read full story for latest details.

    Donald Trump sells Manhattan penthouse for $21 million
    Monday July 27th, 2015 10:04:36 PM
    Read full story for latest details.

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