Marketing & Statistics

Marketing & Statistics
NAR

Existing-Home Sales Inch 0.7 Percent Higher in September

After three straight monthly declines, existing-home sales slightly reversed course in September, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis, according to the National Association of Realtors®
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 3.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 13, 2017. This week's results included an adjustment for the Columbus Day holiday.
Circle K_Phoenix_sm

Hanley Investment Group Negotiates Sale of Single-Tenant Circle K in Phoenix

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Jeremy McChesney has completed the sale of a single-tenant net-leased retail property occupied by Circle K at 5850 W. Indian School Road in Phoenix, Arizona. The purchase price was $1,300,000, which represented a cap rate of 4.62 percent, the lowest recorded closing cap for a Circle K in the U.S. in 2017, according to CoStar.
NAHB

Hurricanes Push Down Housing Production in September

 Nationwide housing starts fell 4.7 percent in September to a seasonally adjusted annual rate of 1.13 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Nationwide single-family production fell 4.6 percent to 829,000 units due to a 15.3 percent decline in the hurricane-ravaged South. All other regions posted gains in the single-family sector, and nationwide single-family permits increased 2.4 percent
NAR

70 Percent of Realtors® Self-Initiated Real Estate Career, Identify People Skills as Most Important

The majority of Realtors® self-initiated their career in real estate and identify strong people skills as the most important trait to be a successful agent, according to the National Association of Realtors® new research report, Choosing a Career in Real Estate: A Perspective on Gender, Race and Ethnicity
MBA

September New Home Purchase Mortgage Applications Decreased 7.5 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for September 2017 shows mortgage applications for new home purchases decreased 7.5 percent compared to September 2016. Compared to August 2017, applications decreased by 20 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 6, 2017
MBA

Purchase Apps Up, Refi Apps Down in Latest MBA Weekly Survey

Mortgage applications decreased 0.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 29, 2017.
NAHB

Home Builders Revise Policy as Tax Reform Debate Heats Up

The National Association of Home Builders (NAHB) today voted to revise its policy regarding the nation’s tax code in light of recent discussions on tax reform between congressional leadership and the Trump administration.
NeighborWorks America

More than 60 percent of adults say ‘rent is too high’ to save for...

Nationwide, 63 percent of adults surveyed by NeighborWorks America say the rent is too high where they live to save for a down payment on a home, but perceptions are dramatically different across the country. In the Midwest, the number having this view is 58 percent, compared to 67 percent in the Northeast and 73 percent in the West
NAR

Pending Home Sales Fall 2.6 Percent in August; 2017 Forecast Downgraded

Pending home sales sank in August for the fifth time in six months, and slower activity in the areas hit hard by Hurricanes Harvey and Irma will likely pull existing sales for the year below the pace set in 2016, according to the National Association of Realtors®
MBA

Commercial/Multifamily Mortgage Debt Rises to $3.06 Trillion

otal commercial and multifamily mortgage debt outstanding rose to $3.06 trillion at the end of the second quarter of 2017, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA)'s Commercial/Multifamily Mortgage Debt Outstanding report.
HUD AND CENSUS BUREAU

HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN AUGUST 2017

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today jointly announced the following new residential sales statistics for August 2017
NAHB

New Home Sales Fall 3.4 Percent in August

Sales of newly built, single-family homes in August fell 3.4 percent to a seasonally adjusted annual rate of 560,000 units from an upwardly revised July reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This was the lowest sales reading since December 2016. However, year-to-date, new home sales are 7.5 percent above their level over the same period last year
Existing-Home-Sales

Existing-Home Sales Subside 1.7 Percent in August

Existing-home sales stumbled in August for the fourth time in five months as strained supply levels continue to subdue overall activity, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest were outpaced by declines in the South and West.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 9.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 15, 2017. Last week's results included an adjustment for the Labor Day holiday.
NAHB

Housing Production Holds Steady in August

Nationwide housing starts fell 0.8 percent in August to a seasonally adjusted annual rate of 1.18 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family production rose 1.6 percent in August to a seasonally adjusted annual rate of 851,000 after a downwardly revised July reading. Year-to-date, single-family starts are 8.9 percent above their level over the same period last year.
Student loan debt

Student Debt Delaying Millennial Homeownership by 7 Years

Despite being in the prime years to buy their first home, an overwhelming majority of millennials with student debt currently do not own a home and believe this debt is to blame for what they typically expect to be a seven-year delay from buying
MBA

MBA’s RIHA Releases Special Report on Managing Mortgage Product Development Risk

The Mortgage Bankers Association's Research Institute for Housing America (RIHA) today released a new special report, Managing Mortgage Product Development Risk." The report "recommends a more formalized approach to assessing mortgage product risk that takes into account both product and process risk." It was authored by Clifford V. Rossi, Executive in Resident and Professor at the Robert H. Smith School of Business, University of Maryland.
MBA

Statement on Brian Montgomery Being Nominated to Lead the FHA

David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), made the following statement about President Trump nominating Brian Montgomery to be the next Federal Housing Commissioner at the U.S. Department of Housing and Urban Development (HUD)
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 9.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 8, 2017. This week's results included an adjustment for the Labor Day holiday.
MBA

August New Home Purchase Mortgage Applications Increased 6.8 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2017 shows mortgage applications for new home purchases increased 6.8 percent compared to August 2016. Compared to July 2017, applications increased by 7 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.
MBA

Mortgage Credit Availability Increases in August

Mortgage credit availability increased slightly in August according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool.
Seco Canyon

Hanley Investment Group Represents Buyer & Seller in Sale of CVS/pharmacy-Anchored Shopping Center in...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that President Ed Hanley and Executive Vice President Kevin Fryman represented the buyer and seller in the sale of Seco Canyon Village, a 42,134-square-foot shopping center anchored by CVS/pharmacy located in the Los Angeles metro area. The purchase price was $15,520,000.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending August 25, 2017
MBA

Independent Mortgage Bank Production Profits Improved in 2nd Quarter

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,122 on each loan they originated in the second quarter of 2017, up from a reported gain of $224 per loan in the first quarter of 2017, the Mortgage Bankers Association (MBA) reported today in its Quarterly Mortgage Bankers Performance Report
AGC

SEVENTY-PERCENT OF CONTRACTORS HAVE A HARD TIME FINDING QUALIFIED CRAFT WORKERS TO HIRE AMID...

Seventy percent of construction firms report they are having a hard time filling hourly craft positions that represent the bulk of the construction workforce, according to the results of an industry-wide survey released today by Autodesk and the Associated General Contractors of America. Association officials said that many firms are changing the way they operate, recruit and compensate, but cautioned that chronic labor shortages could have significant economic impacts absent greater investments in career and technical education
NAR

Existing-Home Sales Slide 1.3 Percent in July

Listings in July typically went under contract in under 30 days for the fourth consecutive month because of high buyer demand, but existing-home sales ultimately pulled back as large declines in the Northeast and Midwest outweighed sales increases in the South and West, according to the National Association of Realtors®
NAHB

New Home Sales Pull Back in July After Strong Spring Buying Season

Sales of newly built, single-family homes in July fell 9.4 percent to a seasonally adjusted annual rate of 571,000 units from an upwardly revised June reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This was the lowest sales reading since December 2016. Meanwhile, year-to-date, new home sales are 9.2 percent above their level over the same period last year.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending August 18, 2017.

Popular Government & Nonprofit Press Releases

Appraisal Institute

Don’t Like Your Home’s Appraisal? Here’s What You Can Do

If consumers are unhappy with the appraisal of a home they’re buying or selling, they have options available to them, the president of the nation’s largest professional association of real estate appraisers said today.

Recent Government & Nonprofit Press Releases

The White House

President Donald J. Trump Announces Intent to Nominate Leonard Wolfson to...

If confirmed, Leonard Wolfson of Connecticut will serve as Assistant Secretary of Housing and Urban Development. Mr. Wolfson has served as Associate Vice President of Legislative Affairs for the Mortgage Bankers Association, where he helped the real estate finance industry recover from the financial crisis by advocating for a return to safe and sustainable lending.