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    Builder Confidence Stays at Healthy Level in July

    Tuesday July 17th, 2018 02:15:35 PM
    Rose Quint

    Builder confidence in the market for newly-built single-family homes remained unchanged at a solid 68 reading in July on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builders are optimistic about housing market conditions, basing their confidence on continued solid demand for single-family homes. However, persistent increases in construction costs make it increasingly challenging to produce homes… Read More ›

    Western States Lead Single-family Residential Permits Growth, Northeast Lags

    Monday July 16th, 2018 01:00:44 PM
    Danushka Nanayakkara-Skillington

    Over the first five months of 2018, the total number of single-family permits issued year-to-date (YTD) nationwide reached 363,327. On a year-over-year basis, this is an 8.0% increase over the May 2017 level of 336,410. The results from the SOC are similar, year-to-date single-family permits over the first five months of 2018 was, 363,700 which is 8.6% ahead of its… Read More ›

    Apartment Construction Times Lengthened in 2017

    Friday July 13th, 2018 01:00:53 PM
    Na Zhao

    The average length of time to complete construction of a multifamily building, after obtaining authorization, was 15.7 months according to the 2017 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time has been on an upward trend since 2013, increasing by approximately one month each year. The average time to build multifamily homes varies with the number of… Read More ›

    Slightly Longer Hours Worked Makes Up For Faster Inflation

    Thursday July 12th, 2018 05:32:58 PM
    Michael Neal

    The Bureau of Labor Statistics (BLS) reported that, on a seasonally adjusted basis, headline consumer prices, grew over the month of June, but at a slower pace than in May. The monthly slowdown partly reflected a decline in energy prices, electricity and utility (piped) gas specifically, although food prices accelerated over the month. Excluding energy and food prices, “core” inflation held… Read More ›

    Lumber Prices Increase While Gypsum Falls in June

    Wednesday July 11th, 2018 06:47:22 PM
    David Logan

    The prices of building materials generally increased in June, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics. For the second consecutive month, softwood lumber (+4.0%) led the way, followed by oriented strand board (+2.2%, not seasonally adjusted). Similarly, the indexes for ready-mix concrete (-0.3%) and gypsum products (-0.6%) both declined for the second… Read More ›

    CNN – Real Estate News

    Looking for a home in Berlin or Budapest? Prepare to pay more

    Tuesday July 17th, 2018 11:28:00 AM

    Europe took 11 of the top 20 spots on a ranking of cities with the largest price increases in the first quarter, according to global property agency Knight Frank.

    Is Manhattan’s rental market finally cooling off?

    Wednesday June 20th, 2018 03:52:42 PM

    Rent prices in Manhattan are slowing down and landlords are offering concessions as inventory on the island grows.

    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.

    Housing market remains strong, despite mortgage rate worries

    Tuesday June 26th, 2018 02:56:13 PM

    Homebuilder Lennar reported sales and profits that topped forecasts and indicated there is still healthy demand for new homes despite rising mortgage rates.

    Why West Coast home prices are surging

    Wednesday June 13th, 2018 04:06:10 PM

    The hottest markets are in the West, and it’s creating an affordability issue.

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