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    Industry News (Sources: NAHB & CNN)

    NAHB Eye on Housing

    Apartment and Condominium Market Momentum Continues
    Thursday February 23rd, 2017 03:07:09 PM Carmel Ford
    The National Association of Home Builders’ Multifamily Production Index (MPI) increased two points to 55 in the fourth quarter of 2016. For five straight years, the MPI has been at or above 50, which indicates that more respondents report conditions are improving than report conditions are getting worse (Figure 1). Figure 1: NAHB Multifamily Production Index (MPI) and Multifamily Starts... Read More ›

    Minutes From the FOMC January/February Meeting – We’ll Let You Know
    Wednesday February 22nd, 2017 11:26:14 PM Robert Denk
    The minutes from the Federal Open Market Committee (FOMC) meetings, released three weeks after the meeting as standard practice, offer a glimpse behind the curtain, providing details of the deliberations, areas of agreement as well as ongoing debate, and specific articulations of viewpoints from unnamed meeting participants, going beyond the statement released immediately following the meeting. Minutes from the January... Read More ›

    Existing Sales Fast Out of 2017 Gate
    Wednesday February 22nd, 2017 04:15:19 PM Stephen Melman
    Existing home sales, as reported by the National Association of Realtors (NAR), increased 3.3% in January, reaching the fastest pace since February 2007. At the current sales rate, the January unsold inventory represents a 3.6-month supply, unchanged from December. January existing sales were up 3.8% from the same month a year ago, and advanced to a seasonally adjusted rate of... Read More ›

    NAHB Survey: AD&C Financing Standards Continue to Ease
    Wednesday February 22nd, 2017 03:00:14 PM Michael Neal
    Builders and developers continue to report easing credit conditions for acquisition, development, and construction (AD&C) loans according to NAHB’s survey on AD&C Financing. However, the pace of easing slowed somewhat from the second quarter. In the 4th quarter of 2016, the overall net tightening index based on the AD&C survey was -7.3. The 4th quarter reading indicates slightly less easing... Read More ›

    Small Gains for Single-Family Built-for-Rent Construction
    Wednesday February 22nd, 2017 01:35:20 PM Robert Dietz
    The number of single-family homes built-for-rent posted small gains over the course of 2016. However, the built-for-rent market is a small portion of the total single-family development, so care must be taken when identifying trends. According to data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design and NAHB analysis, the market share of single-family homes built-for-rent, as measured on a... Read More ›

    CNN - Real Estate News

    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.

    GOP declares all-out war on Elizabeth Warren's agency
    Thursday February 9th, 2017 07:40:21 PM
    Republican Rep. Jeb Hensarling penned a dramatic op-ed denouncing the CFPB in terms usually reserved for condemning tyrannical, intolerant autocratic regimes.

    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.

    Mortgage lender fined $3.5 million for kickback scheme
    Tuesday January 31st, 2017 09:58:20 PM
    The Consumer Financial Protection Bureau has ordered mortgage lender Prospect Mortgage to pay a $3.5 million fine for illegal kickbacks to real estate brokers and agents.

    Trump administration suspends mortgage premium rate cut
    Saturday January 21st, 2017 03:16:35 PM
    The Department of Housing and Urban Development has suspended the reduction of annual mortgage insurance premiums that was supposed to go into effect January 27.

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