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

    NAHB Eye on Housing

    Pending Existing Homes Sales Reaches Nine-Year High
    Thursday May 28th, 2015 03:11:12 PM Robert Dietz
    The NAR Pending Home Sales Index increased for the fourth straight month in April to a level 14% above April of 2014. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts produced by the National Association of Realtors (NAR), increased 3.4% in April to 112.4, up from an upwardly revised 108.7 in March. The PHSI increased year-over-year for the eighth consecutive... Read More ›

    Developers’ Confidence About Multifamily Market Remains Steady in the First Quarter
    Thursday May 28th, 2015 02:00:08 PM Rose Quint
    The NAHB Multifamily Production Index (MPI) held steady with a reading of 54 for the first quarter of 2015. This is the 13th consecutive quarter with a reading of 50 or above. The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 to 100. The index and all of its... Read More ›

    AD&C Loan Growth at the Start of 2015
    Wednesday May 27th, 2015 04:45:36 PM Robert Dietz
    The volume of residential AD&C loans outstanding expanded 4.8% during the first quarter of 2015, marking the 8th 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... Read More ›

    Lot Shortage: A Lingering Problem for Builders
    Wednesday May 27th, 2015 02:00:35 PM Ashok Chaluvadi
    In a May 2015 survey conducted by NAHB, 62 percent of builders reported that the overall supply of developed lots in their areas was low to very low, up 2 percent from May 2014, but up from 43 percent in September 2012.  Sixty-two percent is the largest low supply percentage recorded since NAHB began periodically asking the question in 1997 on... Read More ›

    Sales Regain Trajectory
    Tuesday May 26th, 2015 04:02:11 PM David Crowe
    April new home sales reversed the one month drop in March to an annualized level of 517,000 as reported by the Census Bureau and HUD. The 6.8% increase from March puts the level at slightly better than the first quarter average of 514,000 and much better (26%) than last year’s April level of 410,000. The new sales bounce back along... 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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