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

    NAHB Eye on Housing

    The Employment Situation in January – A Cold Wind?
    Friday February 5th, 2016 08:51:41 PM Robert Denk
    A soft jobs report: a bad month or a cold wind in the face of economic recovery? The Bureau of Labor Statistics (BLS) reported payroll employment expanded by 151 thousand in January (from the survey of payrolls at establishments), an unexpected slowdown from prior months. Results from the household survey were more encouraging, showing the unemployment rate ticking down to... Read More ›

    55+ Housing Market Remained Solid in Fourth Quarter of 2015
    Thursday February 4th, 2016 03:26:14 PM Carmel Ford
    Builder confidence in the 55+ housing market remained solid in the fourth quarter of 2015 as indicated by the National Association of Home Builder’s 55+ HMI survey results.  The single family 55+ HMI increased to 61, up one point from the previous quarter (Figure 1). This quarter’s reading marks the highest point of the single-family 55+ HMI since the survey’s... Read More ›

    In Every State, Over 1/3 of Households are 55+
    Wednesday February 3rd, 2016 03:53:55 PM Paul Emrath
    In a recent study, NAHB used newly released American Community Survey data from the U.S. Census Bureau to show that, in the U.S. as a whole, there are a little over 48 million households headed by someone age 55 or older, accounting for roughly 42 percent of all U.S. households. Although the percentage is different in different states, the variation... Read More ›

    AD&C Credit Standards Tighten, Even as Outstanding Loan Amounts Rise
    Wednesday February 3rd, 2016 03:00:27 PM Michael Neal
    Credit standards on loan applications for construction and land development loans or credit lines tightened, on net, over the fourth quarter of 2015. According to the most recent iteration of the Federal Reserve Board’s Senior Loan Officer Opinion Survey, a net share of 12.7% said that lending standards at their respective commercial bank tightened. The net share represents the difference between... Read More ›

    Savings Rate Trending Up
    Tuesday February 2nd, 2016 09:29:38 PM Na Zhao
    Total personal income increased to $15,648 billion, up by 0.3% in December 2015 on a month-over-month basis according to the most current data from the Bureau of Economic Analysis. Personal income growth in 2015 remained strong, with the highest increase (0.64%) in April following a weak or nearly 0% increase in March. Disposable personal income – income remaining after deducting... Read More ›



    CNN - Real Estate News

    Who's to blame for Portland's soaring home prices?
    Friday February 5th, 2016 02:21:33 PM
    Portland, Oregon, is often described as the last affordable cool city on the West Coast. But as more people move to the city, it's becoming increasingly unaffordable.

    Mortgages are still getting cheaper
    Friday January 29th, 2016 01:37:25 PM
    Read full story for latest details.

    Robin Williams' wine country estate sold
    Tuesday January 26th, 2016 07:47:44 PM
    Robin Williams' 650-acre estate in Napa Valley sells for $18.1 million.

    The rental market is going gray
    Thursday January 14th, 2016 03:51:42 PM
    Look out Millennials, you've got growing competition in the rental market.

    The U.S. is cracking down on anonymous real estate buyers
    Wednesday January 13th, 2016 09:40:24 PM
    All-cash luxury home buyers in Manhattan and Miami can no longer keep their identities secret from the government.







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