Marketing & Statistics

Marketing & Statistics

CONSTRUCTION SPENDING INCREASES IN OCTOBER AS RESIDENTIAL AND PUBLIC GAINS OFFSET DROP IN PRIVATE...

Construction spending was mixed in October as a rebound in residential and public categories outweighed a downturn in most private nonresidential segments, according to an analysis by the Associated General Contractors of America. Association officials noted, however, that public investments in infrastructure remain down compared to last year while private-sector demand should remain robust amid continued economic growth.

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 9.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 25, 2016. This week's results included an adjustment for the Thanksgiving holiday.

Consumers and Realtors® Show Greater Interest in Smart Home Technologies, Certifications

As smart homes become more popular among consumers, buyers and sellers are showing greater interest in those homes and smart-home technologies and Realtors® in a certification to acknowledge their experience and expertise in those features

New Home Sales Down 1.9 Percent in October

Sales of newly built, single-family homes fell 1.9 percent in October from a downwardly revised September reading to a seasonally adjusted annual rate of 563,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

Purchase Applications Drive Increase in Latest MBA Weekly Survey

Mortgage applications increased 5.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 18, 2016.

HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN OCTOBER

Sales of new single-family houses in October 2016 were at a seasonally adjusted annual rate of 563,000, according to estimates released jointly today by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. This is 1.9 percent (±13.1%)* below the revised September rate of 574,000, but is 17.8 percent (±16.9%) above the October 2015 estimate of 478,000

Existing-Home Sales Jump Again in October

Existing-home sales ascended in October for the second straight month and eclipsed June's cyclical sales peak to become the highest annualized pace in nearly a decade, according to the National Association of Realtors®. All major regions saw monthly and annual sales increases in October

ONLY 23 STATES & D.C. ADD CONSTRUCTION JOBS BETWEEN SEPTEMBER AND OCTOBER AS DEMAND...

Only 23 states and the District of Columbia added construction jobs between September and October while construction employment increased in 35 states between October 2015 and October 2016, according to analysis of Labor Department data released today by the Associated General Contractors of America. Association officials said declining public-sector investments in infrastructure and other public projects were undermining construction employment growth in many parts of the country

RENTERS MORE LIKELY TO BE FOOD INSECURE THAN HOMEOWNERS

About 10.5 million American households, or roughly 8.9 percent, reported that in the past month their access to adequate food was limited by a lack of money and other resources, according to new 2015 American Housing Survey data released today by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.

Housing Starts Jump 25.5 Percent in October

Led by impressive gains in both single-family and multifamily production, nationwide housing starts surged 25.5 percent in October to a seasonally adjusted annual rate of 1.32 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family starts reached their highest level since October 2007 while multifamily production jumped 68.8 percent from the previous month.

MBA Presents Wells Fargo Home Lending with Diversity & Inclusion Award

The Mortgage Bankers Association (MBA) today announced that it has given Wells Fargo Home Lending an inaugural Diversity & Inclusion Award for its efforts in market outreach.

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 9.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 11, 2016.

Just-Released FHA Report Shows Fresh Opportunity to Make Homeownership More Affordable

The Federal Housing Administration’s just released (link is external) actuarial report shows that the Mutual Mortgage Insurance Fund is on a steady financial trajectory, a finding the National Association of Realtors® believes is an opportunity to make FHA’s low-down-payment mortgage option available to an even broader swath of borrowers

FHA REPORT SAYS HEALTH OF MORTGAGE FUND IMPROVING

Earlier today, HUD released its 2016 Annual Report to Congress on the financial status of the Federal Housing Administration's (FHA) Mutual Mortgage Insurance Fund (MMIF). The report finds that the value of the MMIF, which funds FHA's single-family homeownership and reverse mortgage loans, grew by $3.8 billion to $27.6 billion in fiscal year (FY) 2016, its fourth consecutive annual increase.

October New Home Purchase Mortgage Applications Increase 8 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2016 shows mortgage applications for new home purchases increased 8 percent relative to October 2015. Compared to September 2016, applications decreased by 2 percent. This change does not include any adjustment for typical seasonal patterns
Mortgage Rates

Delinquencies and Foreclosures Decrease in Latest Survey

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased 14 basis points to a seasonally adjusted rate of 4.52 percent of all loans outstanding at the end of the third quarter of 2016. This was the lowest level since the second quarter of 2006 when the delinquency rate was 4.39 percent. The delinquency rate was 47 basis points lower than one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.
Troy McCasland, CEO of AgentSquared

FBS Broker Agent Services Team to Offer AgentSquared

AgentSquared, the powerful all-in-one real estate marketing and website solution powered by Spark (created by Fargo real estate technology leader FBS) is now available directly from FBS Broker Agent Services Team.
Casey Patterson

Marketing Automation to Fundamentally Change Real Estate Marketing

National Association of REALTORS® Convention – Real estate brokerages of all sizes can now access sophisticated marketing automation services that will help them drive growth, enhance their brand image, and increase recruiting success. Today, Imprev, a leader in marketing automation for real estate, announced a re-architecture of its Listing Automation services, allowing brokerages that work with listing syndicators to add advanced automation for the first time.

Purchase Originations to Total $1.1 Trillion in 2017

The Mortgage Bankers Association (MBA) announced today that it forecasts $1.10 trillion in purchase mortgage originations during calendar year 2017, an 11 percent increase from 2016.  In contrast, MBA anticipates refinance originations will decrease by 40 percent, resulting in refinance mortgage originations of $529 billion.  In total, mortgage originations are expected to decrease to $1.63 trillion in 2017 from $1.89 trillion in 2016.

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 21, 2016. The prior week's results included an adjustment for the Columbus Day holiday

FHA TO LOWER OWNER-OCCUPANCY REQUIREMENT FOR CERTAIN CONDOMINIUM DEVELOPMENTS

The Federal Housing Administration (FHA) today announced that, under certain circumstances, it will lower its required owner-occupancy standard for approved condominium developments effective immediately. FHA currently requires that approved condominium developments have a minimum of 50 percent of the units occupied by owners. However, the agency determined this requirement can be lowered to 35 percent for existing condo developments provided the project meets certain conditions.

HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN SEPTEMBER

Sales of new single-family houses in September 2016 were at a seasonally adjusted annual rate of 593,000, according to estimates released jointly today by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. This is 3.1 percent (±16.2%)* above the revised August rate of 575,000, but is 29.8 percent (±23.4%) above the September 2015 estimate of 457,000

New Home Sales Continue Year-Long Upward Trend in September

Sales of newly built, single-family homes rose 3.1 percent in September from a downwardly revised August reading to a seasonally adjusted annual rate of 593,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

CONSTRUCTION EMPLOYMENT RISES IN 35 STATES FROM SEPTEMBER 2015 TO 2016; ONLY 21 STATES...

Thirty-five states added construction jobs between September 2015 and September 2016 while construction employment increased in only 21 states and the District of Columbia between August and September, according to analysis of Labor Department data released today by the Associated General Contractors of America. Association officials said contractors still report difficulty filling construction jobs, and they urged Congress to complete action on a bill that would help more students gain the skills to qualify for good-paying careers in construction.

First-time Buyers Steer Existing-Home Sales Higher in September

Existing-home sales rebounded strongly in September and were propelled by sales from first-time buyers reaching a 34 percent share, which is a high not seen in over four years, according to the National Association of Realtors®. All major regions saw an increase in closings last month, and distressed sales fell to a new low of 4 percent of the market.

Mortgage Applications Slightly Increase in Latest MBA Weekly Survey

ortgage applications increased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 14, 2016. This week's results included an adjustment for the Columbus Day holiday

Housing Starts Decline 9 Percent in September on Multifamily Weakness

A sharp decline in multifamily production brought overall nationwide housing starts down 9 percent in September, according to newly released data from the U.S. Housing and Urban Development and the Commerce Department. However, both single-family production and overall permit issuance posted solid gains

September New Home Purchase Mortgage Applications Increase 3 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2016 shows mortgage applications for new home purchases increased 3 percent relative to September 2015. Compared to August 2016, applications decreased by 7 percent. This change does not include any adjustment for typical seasonal patterns

New survey from NeighborWorks America shows how student loans and high rent prices weigh...

Student loan debt and high rent prices continue to worsen the homeownership outlook according to data from the fourth annual housing survey from NeighborWorks America. The national telephone survey found nearly one-third (30 percent) of Americans know someone who has delayed the purchase of a home because of student loan debt, up from 28 percent in 2015 and just 24 percent in 2014.
Mortgage Bankers Association

Mortgage Credit Availability Increases in September

Mortgage credit availability increased in September 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

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CONSTRUCTION SPENDING INCREASES IN OCTOBER AS RESIDENTIAL AND PUBLIC GAINS OFFSET...

Construction spending was mixed in October as a rebound in residential and public categories outweighed a downturn in most private nonresidential segments, according to an analysis by the Associated General Contractors of America. Association officials noted, however, that public investments in infrastructure remain down compared to last year while private-sector demand should remain robust amid continued economic growth.

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Consumer and Small Business Advocates Oppose OCC’s Plan to Offer Fintech...

Today, the Office of the Comptroller of the Currency (OCC) announced its intention to offer national charters to financial technology firms, which could severely undermine state oversight and state consumer protection laws that protect consumers and small business owners from abusive financial products and practices. The OCC is accepting comments on its framework until January 15, 2017.