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    Industry News (Sources: NAHB & CNN)

    NAHB Eye on Housing

    New Home Sales Heat Up in July
    Tuesday August 23rd, 2016 03:19:40 PM Robert Dietz
    July new home sales recorded the strongest monthly pace since October 2007, growing to a 654,000 seasonally adjusted annual rate. According to estimates from the Census Bureau and Department of Housing and Urban Development, the elevated July rate marked a 12.4% gain over downwardly revised, but still strong, estimates for June. On a year-to-date basis, new home sales have improved... Read More ›

    New Multifamily Rental Share Remains Strong
    Monday August 22nd, 2016 12:45:48 PM Robert Dietz
    An elevated market share for new rental multifamily homes is holding typical apartment size below levels seen during the pre-recession period. However, as multifamily developers build more for-sale housing units in the years ahead, the average size of multifamily homes is likely to rise. The recent pattern of change in the size of new multifamily units stands in contrast to the post-recession increase in the size... Read More ›

    Jump in Single-Family Built-for-Rent Construction
    Friday August 19th, 2016 12:51:12 PM Robert Dietz
    The number of single-family homes built-for-rent has posted solid gains over the last year. However, the built-for-rent market is a small portion of the total single-family development, so care must be taken when identifying trends. According to data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design and NAHB analysis, the market share of single-family homes built-for-rent, as measured on a... Read More ›

    Custom Home Building Steady
    Thursday August 18th, 2016 12:50:24 PM Robert Dietz
    NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates that the number of custom home building starts (homes built on an owner’s land, with either the owner or a builder acting as the general contractor) posted a slight increase on a year-over year basis as of the second quarter of 2016. There were 47,000 total custom... Read More ›

    Second Look at the Federal Open Market Committee July Meeting – Two Bullets Dodged, What Next?
    Wednesday August 17th, 2016 10:08:13 PM Robert Denk
    The minutes from the July meeting of the Federal Open Market Committee (FOMC) confirm that the committee viewed the combination of an abrupt slowdown in payroll employment growth in May, and the uncertainty surrounding the implications of the UK referendum on leaving the European Union (“Brexit”) in late June, was too much risk to bear, and chose not to take... Read More ›



    CNN - Real Estate News

    800 people donate to save Langston Hughes' house
    Monday August 22nd, 2016 07:04:01 PM
    Over $50,000 has been raised to turn the former home of legendary poet Langston Hughes into an arts collective. The home is currently unused and was in danger of being put up for sale.

    The battle to save Langston Hughes' $3 million home
    Friday August 19th, 2016 07:40:09 PM
    Langston Hughes' Harlem home has shot up in value in recent years. A group of writers is raising money to save it from being turned into condos or coffee shops.

    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.

    Playboy Mansion sold for $100 million
    Wednesday August 17th, 2016 12:02:42 PM
    Playboy Mansion sold for $100 million, about half the asking price but more than any other L.A. home in history.

    Vancouver just hit foreign homebuyers with a massive tax
    Tuesday August 2nd, 2016 12:31:19 PM
    Read full story for latest details.







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