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    Existing Sales Hit Inventory Wall
    Wednesday March 22nd, 2017 03:15:20 PM Stephen Melman
    Existing home sales, as reported by the National Association of Realtors (NAR), reversed a January gain and decreased 3.7% in February. At the current sales rate, the February unsold inventory represents a 3.8-month supply, compared to a 3.5-month supply in January. February existing sales were up 5.4% from the same month a year ago, and reached a seasonally adjusted rate... Read More ›

    Rental Apartment Absorption Flat While Condominium Absorption Jumps
    Tuesday March 21st, 2017 01:45:45 PM Carmel Ford
    The US Census Bureau, in collaboration with the US Department of Housing and Urban Development, releases data on completions and absorption rates for multifamily buildings with at least 5 apartments. The most recent release shows that completions of nonsubsidized, unfurnished, rental apartments amounted to 73,800 in the third quarter of 2016. This is 11,700 more than the second quarter of 2016, but... Read More ›

    Young Construction Workers Mean More Monitoring, Longer Projects
    Monday March 20th, 2017 12:59:20 PM Paul Emrath
    As described in a previous post, employment in the residential construction industry reached 2.68 million in January of this year.  Although this is still well short of the 3.45 million at the peak of the boom in 2006, it nevertheless represents an increase of more than 700,000 jobs since the employment trough of the Great Recession in 2011. This raises... Read More ›

    Job Growth Continues for Builders and Remodelers
    Friday March 17th, 2017 12:31:07 PM Robert Dietz
    The count of unfilled jobs in the construction sector was below trend for the second consecutive month, as hiring has accelerated in the industry. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a seasonally adjusted basis) came in at 147,000 in January. The cycle high was 238,000 set in July of last... Read More ›

    Solid Gain for Starts in February
    Thursday March 16th, 2017 01:30:18 PM Robert Dietz
    Total housing starts posted an increase in February, with a solid gain for single-family construction and ongoing elevated levels of multifamily development. Total starts were up 3%, rising to a 1.288 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD. Single-family starts recorded a monthly increase of 6.5% in February, rising to an 872,000 annual rate,... Read More ›

    CNN - Real Estate News

    What the Fed rate hike means for homebuyers
    Wednesday March 15th, 2017 06:31:53 PM
    The Federal Reserve increased its benchmark interest rate on Wednesday, which could make buying a home more expensive.

    What a Fed rate hike means for you
    Tuesday March 14th, 2017 04:55:49 PM
    The Federal Reserve is expected to raise its key interest rate Wednesday, which stands to impact millions of Americans.

    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.

    First-time homebuyer? Avoid these states
    Tuesday February 28th, 2017 05:02:55 AM
    Read full story for latest details.

    Where millionaires are moving: Australia tops the list
    Tuesday February 21st, 2017 02:39:20 PM
    Australia has cemented its status as the most desirable place for migrating millionaires in 2016.

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