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    Industry News (Sources: NAHB & CNN)

    NAHB Eye on Housing

    Who is (Not) in the Labor Force
    Friday January 20th, 2017 01:46:49 PM Jing Fu
    The number of people not in the labor force has been growing. As of December 2016, 95.1 million people, aged 16 or older, were not in the labor force, according to data from the Bureau of Labor Statistics (BLS). An aging population is responsible for this growth, but what are the other reasons individuals cite for not being in the... Read More ›

    Remodeling Market Remains Positive in Fourth Quarter
    Thursday January 19th, 2017 03:03:26 PM Carmel Ford
    The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) dropped 4 points to 53 from the previous quarter, but remained above the breakeven point of 50, which indicates that more remodelers report activity is higher (compared to the prior quarter) than report activity is lower. Although the RMI declined, it is consistent with levels seen in the first... Read More ›

    Single-Family Housing Starts Up 9% in 2016
    Thursday January 19th, 2017 02:58:50 PM Robert Dietz
    Housing starts rebounded in December, as monthly volatility for multifamily starts continued. Total starts were up 11.3%, rising to a 1.226 million seasonally adjusted annual rate. However, single-family starts posted a small monthly decline in December, albeit recording the fourth strongest monthly pace since the end of the recession. According to estimates from the Census Bureau and the Department of Housing and Urban Development,... Read More ›

    Consumer Price Index Rose in December
    Wednesday January 18th, 2017 05:34:32 PM Jing Fu
    The Bureau of Labor Statistics (BLS) reported the Consumer Price Index (CPI) rose in December. Both headline inflation and core inflation rose. The CPI rose at a seasonally adjusted annual rate of 3.4% in December, following a 2.4% increase in November. Excluding the volatile food and energy components, “core” CPI increased at a seasonally adjusted annual rate of 2.8%, faster... Read More ›

    Builder Confidence Holds Firm in January
    Wednesday January 18th, 2017 03:01:22 PM Robert Dietz
    Builder confidence in the market for newly-built single-family homes remained on firm ground in January, down two points to a level of 67 from a downwardly revised December reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The solid reading is consistent with building expectations heading into the new year. NAHB expects 10 percent... Read More ›



    CNN - Real Estate News

    Why it takes years to save for a down payment
    Saturday January 14th, 2017 01:39:54 AM
    Coming up with a 20% down payment for a median-price home costs buyers two-thirds of their annual income, according to a new Zillow report.

    Government-backed mortgages are about to get cheaper
    Monday January 9th, 2017 09:38:35 PM
    The Federal Housing Administration will reduce the annual mortgage insurance premiums borrowers pay when taking out a low down payment home loan that is insured by the government.

    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.

    Mortgage rates kick off new year with a drop
    Thursday January 5th, 2017 06:48:08 PM
    Average fixed mortgage rates dropped for the first time in 10 weeks, according to Freddie Mac.

    Why you shouldn't panic about rising mortgage rates
    Thursday December 15th, 2016 05:27:18 PM
    The average rate for a 30-year fixed-rate mortgage inched up to 4.16%, but rates are still low by historical standards.







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