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    Industry News (Sources: NAHB & CNN)

    NAHB Eye on Housing

    Framing Methods for Single-Family Homes: 2015
    Monday October 24th, 2016 12:45:01 PM Robert Dietz
    Wood framing remains the most dominant construction method for single-family homes in the U.S., according to NAHB analysis of Census Bureau data. For 2015 completions, 93% of new homes were wood-framed. Another 7% were concrete homes, and less than half a percent were steel-framed. In absolute number terms, 603,000 single-family homes were completed in 2015 and had wood frames. Concrete homes totaled... Read More ›

    Garages in New Homes: 2015 Data
    Friday October 21st, 2016 12:45:21 PM Robert Dietz
    A majority of new homes that completed construction in 2015 included two-car garages, according to NAHB analysis of Census Bureau Survey of Construction data. For new single-family completions in 2015, 61% of homes offered a two-car garage. Another 24% of homes possessed a garage large enough to hold three or more cars. Just 6% of newly-built homes had a one-car garage, and only 1%... Read More ›

    First-Time Buyers Step Up
    Thursday October 20th, 2016 03:08:03 PM Stephen Melman
    Existing home sales, as reported by the National Association of Realtors (NAR), increased 3.2% in September and were up 0.6% from the same month a year ago, as first-time buyers seized a 34% share of sales. Total existing home sales in September increased to a seasonally adjusted rate of 5.47 million units combined for single-family homes, townhomes, condominiums and co-ops,... Read More ›

    Remodeling Market Optimism Strengthens in Third Quarter
    Thursday October 20th, 2016 02:02:44 PM Carmel Ford
    The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) increased four points to 57 in the third quarter of 2016. This quarter’s reading marks a return to index levels seen consistently throughout 2015 (Figure 1). For fourteen consecutive quarters the RMI has been above the breakeven point of 50, which indicates more remodelers report market activity is higher... Read More ›

    September Housing Starts Decline on Multifamily Weakness
    Wednesday October 19th, 2016 02:08:29 PM Robert Dietz
    The September pace of total housing starts decreased 9% due a substantial decline in multifamily production. Single-family construction continues, as expected, along a positive trend. According to estimates from the Census Bureau and the Department of Housing and Urban Development, single-family starts increased 8.1% to a 783,000 seasonally adjusted annual rate in September. Year-to-date, single-family housing starts are running almost 10% higher... Read More ›

    CNN - Real Estate News

    How immigrants can revive America's blighted neighborhoods
    Friday October 21st, 2016 11:12:06 AM
    A new report says that economic development officials seeking to revive underpopulated urban neighborhoods may be overlooking a promising population to help renovate distressed housing: immigrants.

    Owners of Donald Trump's childhood home postpone auction
    Thursday October 20th, 2016 03:33:52 PM
    An auction for the first home Donald Trump lived in was postponed Wednesday hours before it was scheduled to begin.

    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.

    For foreign home buyers, this U.S. city is the next big thing
    Wednesday October 19th, 2016 04:48:13 PM
    Ever since Vancouver hit foreign home buyers with a 15% tax, Chinese investors are buying homes in Seattle.

    Donald Trump's childhood home is going up for auction
    Tuesday October 18th, 2016 04:46:38 PM
    The home that Donald Trump called home in his early years will be auctioned off on Wednesday.

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