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

    NAHB Eye on Housing

    System-Built Single-Family Homes in 2014
    Wednesday October 7th, 2015 01:00:15 PM Na Zhao
    Building systems (for example, modular or panelized systems) are an alternative to conventional stick-built construction. According to the manufacturers, building systems offer several advantages. Manufacturing in a controlled factory environment can minimize waste and labor and lead to cost saving. Construction time is generally reduced. The on-going cost of owning system-built homes can also be smaller, as these structures are... Read More ›

    How New Homebuyers Finance Their Homes Across the Nation
    Tuesday October 6th, 2015 12:32:29 PM Natalia Siniavskaia
    NAHB analysis of the Census Bureau Survey of Construction (SOC) data shows that non-conventional forms of financing new single-family home purchases remained elevated in 2014, but their use and mix varied widely across the country. In the West North Central division, only 21 percent of new homes started in 2014 were purchased using non-conventional financing methods. The share was twice... Read More ›

    Rising Share of New Multifamily Units in Large Buildings
    Monday October 5th, 2015 08:00:14 PM Robert Dietz
    An increasing number of newly-built multifamily units are found in larger buildings, as measured by the number of apartments per building. According to Census Bureau data of multifamily completions, the share of new multifamily units in buildings with 50 or more units reached a data series high of 48% during 2014. The share of new units in large buildings (50+... Read More ›

    The Employment Situation in September – Loosening the Hawks’ Grip
    Friday October 2nd, 2015 06:05:47 PM Robert Denk
    Today’s employment report was disappointing on all fronts: weak payroll growth, downward revisions to prior months, and another decline in the participation rate. The unemployment rate was unchanged only because the labor force shrank faster than the number of employed persons. The Bureau of Labor Statistics (BLS) reported that payroll employment expanded by 142 thousand in September, well below expectations.... Read More ›

    Residential Construction Spending Rose in August
    Thursday October 1st, 2015 06:16:53 PM Na Zhao
    NAHB analysis of Census Construction Spending data shows that total private residential construction spending for August continued to increase, rising to a seasonally adjusted annual rate of $390 billion. On a month-over-month basis, private single-family spending was $219 billion, up by 0.7% over the revised July estimate. Private multifamily spending increased to $53 billion, up by 4.8%, reversing the decline... Read More ›

    CNN - Real Estate News

    How the mortgage process just changed
    Monday October 5th, 2015 07:49:18 PM
    Two new forms aim to make the home loan process a lot more transparent. Here's your guide on what buyers need to know.

    This is how much you need to buy a home in Manhattan
    Thursday October 1st, 2015 03:45:19 PM
    Read full story for latest details.

    Bank to pay $33 million for discriminatory mortgage lending
    Thursday September 24th, 2015 10:19:04 PM
    A New Jersey-based bank is offering $25 million in subsidies for alleged racial discrimination with its mortgage lending practices in four states.

    New home sales highest since 2008
    Thursday September 24th, 2015 06:06:26 PM
    New U.S. homes sales in August hit their highest mark since 2008, a healthy sign for a housing market still recovering from its collapse.

    America's best beer towns
    Thursday September 24th, 2015 04:20:52 PM
    Here are the best cities to crack open a cold one and celebrate Oktoberfest, according to Trulia.

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