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    Industry News (Sources: NAHB & CNN)

    NAHB Eye on Housing

    New Single-Family Housing Starts by Divisions
    Friday July 22nd, 2016 12:30:50 PM Jing Fu
    Using the public-use microdata files provided by Census Bureau’s Survey of Construction (SOC), NAHB Economics and Housing Policy group tabulated new single-family housing starts for the nine census divisions, including Pacific, Mountain, West North Central, West South Central, East North Central, East South Central, Middle Atlantic, South Atlantic, and New England. The map and figure below provide a more geographically... Read More ›

    First Time Buyers Arrive
    Thursday July 21st, 2016 03:02:49 PM Stephen Melman
    Existing home sales, as reported by the National Association of Realtors (NAR), increased 1.1% in June to the highest level since February 2007, as first-time buyers grabbed a 33% share, the best performance in four years. June existing sales are up 3.0% from the same month a year ago. Total existing home sales in June increased to a seasonally adjusted... Read More ›

    Remodeling Market Index Holds Steady in Second Quarter
    Thursday July 21st, 2016 02:13:39 PM Carmel Ford
    The National Association of Home Builder’s Remodeling Market Index (RMI) dropped one point to 53 in the second quarter of 2016. Although the index dropped slightly, this quarter marks the 13th quarter in which the index is above the breakeven point of 50. An RMI above 50 indicates that more remodelers report market activity is higher (compared to the prior... Read More ›

    Time to Build a Single-Family Home in 2015
    Wednesday July 20th, 2016 01:30:46 PM Na Zhao
    The 2015 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7 months, which usually includes almost a month from authorization to start and another 6 months to finish the construction. The timeline from authorization to completion, however, is not consistent across the nation, depending on the housing category,... Read More ›

    Construction Gains in June
    Tuesday July 19th, 2016 02:17:57 PM Robert Dietz
    The June pace of single-family housing starts increased over a downwardly revised May reading, standing at a seasonally adjusted annual rate of 778,000 according to estimates from the Census Bureau and the Department of Housing and Urban Development. The June rate marks a 13% gain in the pace of single-family construction on a year-over-year basis. Multifamily starts were up slightly in June, rising to 411,000 starts. However,... Read More ›

    CNN - Real Estate News

    Keith Olbermann is thrilled he sold his Trump apartment
    Tuesday July 19th, 2016 07:45:05 PM
    Keith Olbermann has sold his apartment in Trump Palace.

    I pay more than half my income in rent
    Tuesday July 19th, 2016 04:42:18 PM
    Read full story for latest details.

    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.

    UK housing market freezing up (and lower prices are coming)
    Wednesday July 13th, 2016 11:14:24 PM
    Activity in the U.K. housing market has slumped since the Brexit vote and property professionals are predicting price falls across the country.

    U.K. home prices could drop. But don't get too excited...
    Thursday July 7th, 2016 04:22:11 PM
    First-time home buyers may be excited that U.K. house prices could soon fall in the wake of the Brexit vote. But it's not all good news for potential home buyers.

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