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    Industry News (Sources: NAHB & CNN)

    NAHB Eye on Housing

    Home Prices in June – Upward Trend
    Tuesday August 30th, 2016 04:20:19 PM Jing Fu
    The Case-Shiller (CS) National Home Price Index, reported by S&P Dow Jones Indices, continued its upward trend in June. The index rose at a 2.5% seasonally adjusted annual pace, faster than the 1.6% in May. House prices declined at the fastest pace in late 2008 as the housing bust approached its trough. Most of the time between 2007 and 2011,... Read More ›

    Credit Standards on AD&C Construction Lending: A Tale of Two Sectors
    Tuesday August 30th, 2016 02:00:28 PM Michael Neal
    According to NAHB’s Survey on Acquisition, Development & Construction Financing, residential real estate builders and developers reported that credit conditions for acquisition, development, and single-family construction (AD&C) loans were easier in the second quarter of 2016 than in the first quarter of 2016. Hence the NAHB net tightening index dropped from its level in the first quarter. Following 5 consecutive... Read More ›

    July Personal Consumption Expenditure Edges Up
    Monday August 29th, 2016 04:04:05 PM Na Zhao
    Personal income increased by $71.7 billion in July, growing at a seasonally adjusted annual rate of 0.5%, according to the most recent data release from the Bureau of Economic Analysis.  Personal consumption expenditure rose by 0.3%, after a 0.6% increase in June. Disposable personal income – income remaining after deducting personal income taxes – continued its steady growth, and so... Read More ›

    How New Home Buyers Financed Their Homes in 2015
    Monday August 29th, 2016 12:30:26 PM Natalia Siniavskaia
    NAHB analysis of the Census Bureau Survey of Construction (SOC) data shows that non-conventional forms of financing new single-family home purchases remained elevated in 2015, accounting for more than a third of the market. Looking at new single-family homes started in 2015, the South Atlantic division was most dependent on non-conventional financing, with its share exceeding 40% of the market.... Read More ›

    A Second Look at GDP Growth in the Second Quarter
    Friday August 26th, 2016 08:08:15 PM Robert Denk
    The Bureau of Economic Analysis (BEA) released the second estimate of real GDP growth for the second quarter of 2016 based on more complete source data than was available for the advance estimate. Real GDP grew at a 1.1% seasonally adjusted annual rate, little changed from the 1.2% earlier estimate. The revisions were mixed, consumer spending was slightly stronger, investment... Read More ›

    CNN - Real Estate News

    800 people donate to save Langston Hughes' house
    Monday August 22nd, 2016 08:18:16 PM
    Over $50,000 has been raised to turn the former home of legendary poet Langston Hughes into an arts collective. The home is currently unused and was in danger of being put up for sale.

    The battle to save Langston Hughes' $3 million home
    Friday August 19th, 2016 07:40:09 PM
    Langston Hughes' Harlem home has shot up in value in recent years. A group of writers is raising money to save it from being turned into condos or coffee shops.

    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.

    Playboy Mansion sold for $100 million
    Wednesday August 17th, 2016 12:02:42 PM
    Playboy Mansion sold for $100 million, about half the asking price but more than any other L.A. home in history.

    Vancouver just hit foreign homebuyers with a massive tax
    Tuesday August 2nd, 2016 12:31:19 PM
    Read full story for latest details.

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