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    Industry News (Sources: NAHB & CNN)

    NAHB Eye on Housing

    The Employment Situation in November – Step Two
    Friday December 2nd, 2016 06:54:27 PM Robert Denk
    Steady payroll gains, a drop in the unemployment rate, decent wage gains. The stage is set for the Federal Reserve to take a second step on the path to monetary policy normalization at the upcoming December meeting. The Bureau of Labor Statistics (BLS) reported payroll employment rose by 178 thousand in November and revisions to estimates for the prior two... Read More ›

    Serious Delinquency Rates Improve Across Most Household Debts
    Friday December 2nd, 2016 04:00:45 PM Michael Neal
    A recent release by the Federal Reserve Bank of New York indicates that, in aggregate, 90 or more day delinquency rates are falling on most household debt products. However, serious delinquency on student loans remains elevated while a greater portion of auto debt held by households with low credit scores is entering serious delinquency. The results indicate that household balance... Read More ›

    Multifamily Construction Spending Continues Strong Growth
    Thursday December 1st, 2016 05:45:05 PM Na Zhao
    NAHB analysis of Census Construction Spending data shows that total private residential construction spending grew 1.6% in October to a seasonally adjusted annual rate of $472.9 billion. Multifamily construction spending continued its record breaking pace and reached $63.7 billion, up by 2.8% over the revised September estimates. It was 11.4% higher since October 2015. Single-family construction spending also increased by... Read More ›

    Consumer Confidence – Optimistic November
    Thursday December 1st, 2016 02:33:16 PM Jing Fu
    With the ongoing job and economic growth, in November consumer confidence improved. Consumers were optimistic about both the current situation and the near term outlook. The Conference Board reported that the Consumer Confidence Index jumped to 107.1 in November, from an upwardly revised 100.8 in October. Both the present situation index and the expectations index rebounded. The present situation index... Read More ›

    Pending Sales Maintain Pace
    Wednesday November 30th, 2016 03:36:57 PM Stephen Melman
    The Pending Home Sales Index increased a slight 0.1% in October, but was 1.8% higher than last October. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 110.0 in October from a downwardly revised 109.9 in September. The PHSI increased 1.6% in the Midwest, 0.7% in... Read More ›

    CNN - Real Estate News

    Airbnb promises to quit clogging up city housing
    Friday December 2nd, 2016 01:11:50 PM
    Airbnb is acting on a pledge to stop making a shortage of long-term rentals worse in cities such as London and Amsterdam.

    Mortgage rates jump post-election
    Thursday November 17th, 2016 05:25:24 PM
    The average interest rate on a 30-year mortgage increased to 3.94% last week.

    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.

    Tiny home living is having a moment
    Monday November 14th, 2016 06:12:42 PM
    Some cities are changing the rules to allow tiny homes, either on individual lots or in tiny home subdivisions.

    Why a lot of people are moving out of California
    Monday November 7th, 2016 03:41:48 PM
    More U.S. residents are moving out of California than moving in.

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