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Industry News (Sources: NAHB & CNN) |
NAHB Eye on HousingMay Gains for New Home SalesFriday June 23rd, 2017 03:09:04 PM Robert Dietz
Contracts for new home sales expanded by 2.9% in May to a 610,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the Census Bureau. The report also noted a strong upward revision for the April rate of sales, increasing from a 569,000 annual pace to 593,000. The growth in sales continues along a positive trend for the... Read More ›
Property Tax Revenues Increase for 18th Straight QuarterThursday June 22nd, 2017 01:08:34 PM David Logan
NAHB analysis of the Census Bureau’s quarterly tax data shows that $541 billion in taxes were paid by property owners over the four quarters ending in Q4 2016.[1] This represents a $23 billion—or 4.5%—increase over the previous trailing four quarters. Although this growth rate declined for the first time in a year and a half, it remains robust relative to... Read More ›
May Buyers Rush Past Market ChallengesWednesday June 21st, 2017 03:29:58 PM Stephen Melman
Existing home sales increased 1.1% in May, and 55% of homes sold last month were on the market less than a month as buyers overcame low inventory and higher prices. Although May inventory increased 2.1%, it remains 8.4% lower than a year ago and fell year-over-year for the 24th consecutive month. The National Association of Realtors (NAR) reported that at... Read More ›
Apartment and Condominium Absorption Rates DropTuesday June 20th, 2017 01:22:00 PM Carmel Ford
According to the most recent release of the Survey of Market Absorption (SOMA), produced by the US Census Bureau in collaboration with the US Department of Housing and Urban Development, completions of nonsubsidized, unfurnished, rental apartments in buildings with 5 or more units totaled to 73,300 in the fourth quarter of 2016, about 9 percent higher than completions in the... Read More ›
NAHB Estimates 79,000 Single-family Tear-down Starts in 2016Monday June 19th, 2017 12:31:21 PM Paul Emrath
Roughly 10.2% of single-family homes started in 2016 qualify as tear-down starts, up from 7.7% in 2015, according to the latest estimates from NAHB. As defined here, a tear-down start means a home built on a site where a previous structure or evidence of a previous structure was present before the new home was started, as reported by the new home’s... Read More ›
CNN - Real Estate News4 costs you haven't factored into your homebuying budgetMonday June 26th, 2017 02:32:35 PM
Out-of-pocket costs that crop up during the homebuying process, or even when you're moving in, can put an unexpected strain on your already-hurting bank account.
Home prices are sky high, but mortgages are still cheapFriday June 23rd, 2017 02:31:36 PM
Home prices have reached another record high, and buyers are feeling the pressure. But there has been one saving grace for buyers: mortgage rates.
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.
39 million households are paying more for housing than they can affordFriday June 16th, 2017 05:28:14 PM
Read full story for latest details.
Best cities for first-time homebuyersFriday June 16th, 2017 03:47:36 PM
A recent Zillow analysis on the best markets for first-time homebuyers finds that the best deals are in the Southeast and the Midwest.
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