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

    NAHB Eye on Housing

    Consumers Voice in June – Optimistic Outlook
    Tuesday June 30th, 2015 09:14:16 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 June, both the University of Michigan Index of Consumer Sentiment and the Conference Board Consumer Confidence Index rose. These gains reflect continuing improvement in several sectors of the economy. Strong job gains... Read More ›

    Housing Prices – Slowing to Sustainable Growth
    Tuesday June 30th, 2015 02:04:11 PM Jing Fu
    The Federal Housing Finance Agency (FHFA) and the Standard and Poor’s/Case-Shiller recently released their respective home price indices for April. House prices have been recovering since reaching the bottom of the downturn in 2012. Both the new and existing single-family homes’ median sale prices are presented along with the home price index. All three indicators tell a similar story of rapid... Read More ›

    Pending Sales Continue Momentum
    Monday June 29th, 2015 02:40:56 PM Stephen Melman
    The Pending Home Sales Index increased for the fifth straight month to the highest level in over nine years. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased 0.9% in May to 112.6, and climbed to 10.4% above the May level a year ago. Regionally, the May... Read More ›

    Multifamily Market Absorption at the Start of 2015
    Friday June 26th, 2015 12:45:09 PM Robert Dietz
    Apartment absorptions continued to be strong at the end of 2014, as multifamily production levels remain elevated. According to NAHB analysis of the most recent data from the Census Bureau and Department of Housing and Urban Development Survey of Market Absorption of Apartments (SOMA), completions of privately financed, unsubsidized, unfurnished rental apartments in buildings with five or more units totaled 209,100... Read More ›

    Rates on New Home Loans Fall to Two-Year Low
    Thursday June 25th, 2015 01:57:06 PM Paul Emrath
    Data released today by the Federal Housing Finance Agency (FHFA) shows a one basis point decline in the average contract interest rate on conventional loans used to purchase newly built homes.   Small as this change was it took the contract rate on new home loans down to 3.77 percent in May—which is the lowest it’s been since June of 2013.... Read More ›

    CNN - Real Estate News

    Gen-Xers don't want to be homeowners
    Thursday June 25th, 2015 02:33:59 PM
    Millennials aren't the only ones hurting America's homeownership rate.

    Australia is selling a ranch the size of New Jersey
    Thursday June 25th, 2015 01:53:53 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.

    Jack Ma just bought a huge New York property for $23 million
    Thursday June 25th, 2015 10:23:45 AM
    Alibaba co-founder Jack Ma has paid $23 million for a 28,100-acre property in New York's Adirondacks

    The middle class is struggling to make the rent
    Wednesday June 24th, 2015 01:58:00 PM
    Read full story for latest details.

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