Marketing & Statistics

Marketing & Statistics
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Crescent Communities Appoints David O’Donoghue Executive Vice President, Resort and Second Home

Crescent Communities today announced it has appointed David O’Donoghue as executive vice president of its Resort and Second Home Communities team. In this role, O’Donoghue will be responsible for sales, marketing, development, overall operations and property management for the company’s flagship Palmetto Bluff community, a 20,000-acre development in the South Carolina Lowcountry, between Hilton Head and Savannah, Georgia.

HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN AUGUST

Sales of new single-family houses in August 2016 were at a seasonally adjusted annual rate of 609,000, 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 7.6 percent (±10.7%)* below the revised July rate of 659,000, but is 20.6 percent (±14.8%) above the August 2015 estimate of 505,000

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 7.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 16, 2016. The prior week's results included an adjustment for the Labor Day holiday.

Housing Production Hits a Mild Speed Bump in August

Nationwide housing starts fell 5.8 percent to a seasonally adjusted annual rate of 1.14 million units in August, according to newly released data from the U.S. Housing and Urban Development and the Commerce Department. Overall permit issuance edged 0.4 percent lower.

HUD AND CENSUS BUREAU ANNOUNCE NEW RESIDENTIAL CONSTRUCTION ACTIVITY IN AUGUST

The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau jointly announced the following new residential construction statistics for August 2016: Privately owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,139,000. This is 0.4 percent (±1.2%) below the revised July rate of 1,144,000, but is 2.3 percent (±1.5%) below the August 2015 estimate of 1,166,000.  Single-family authorizations in August were at a rate of 737,000; this is 3.7 percent (±3.0%) below the revised July figure of 711,000.  Authorizations of units in buildings with five units or more were at a rate of 370,000 in August

CONSTRUCTION EMPLOYMENT RISES IN 36 STATES FROM AUGUST 2015 TO 2016; ONLY 24 STATES...

Thirty-six states added construction jobs between August 2015 and August 2016 while construction employment increased in only 24 states between July and August, according to analysis of Labor Department data released today by the Associated General Contractors of America. Association officials said demand for construction appears to be cooling in some markets but added that many firms report they would be expanding their headcount if they could find qualified workers to hire.

Mortgage Applications for New Home Purchases Increase in August

The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for August 2016 shows mortgage applications for new home purchases increased by 5 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 4.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 9, 2016. This week's results included an adjustment for the Labor Day holiday.

NAHB Endorses Candidates for Congress

For the first time in its 74-year history, the National Association of Home Builders (NAHB) is officially endorsing candidates for the U.S. House and Senate in the upcoming Nov. 8 elections. “As housing goes, so goes the economy,” said NAHB Chairman Ed Brady, a home builder and developer from Bloomington, Ill. “This election could determine if the housing and economic recovery stays on track or veers off course. The incumbents and candidates from both political parties that NAHB will be endorsing have all exhibited a commitment to advance policies that will promote homeownership and rental housing opportunities for all Americans.”
Mortgage Credit

Mortgage Credit Availability Decreases in August

Mortgage credit availability decreased 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.

U.S. Solar Market Adds More Than 2 GW in Q2 2016

Growing 43 percent year over year, the U.S. saw 2,051 megawatts (MW) of solar photovoltaic (PV) installed in the second quarter of 2016. According to GTM Research and the Solar Energy Industries Association’s (SEIA) latest U.S. Solar Market Insight report, this marks the eleventh consecutive quarter in which more than a gigawatt (GW) of PV was installed.

Mortgage Applications Slightly Increase in Latest MBA Weekly Survey

Mortgage applications increased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 2, 2016.

CONSTRUCTION SPENDING REMAINS STEADY IN JULY AND IS UP BY 5.6 PERCENT FOR THE...

Private-Sector Outlays Rise 1.0 Percent for the Month While Public Sector Investments in Infrastructure, Other Construction Fall 3.1 Percent as New Survey Finds Most Firms Having Hard Time Finding Craft Workers

Commercial/Multifamily Delinquencies Remain Low in Second Quarter

Delinquency rates for commercial and multifamily mortgage loans remained low in the second quarter of 2016, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report.

Independent Mortgage Banks’ Profits Double in 2nd Quarter

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,686 on each loan they originated in the second quarter of 2016, up from a reported gain of $825 per loan in the first quarter of 2016, the Mortgage Bankers Association (MBA) reported today in its Quarterly Mortgage Bankers Performance Report.

Pending Home Sales Tick Up in July

Pending home sales expanded in most of the country in July and reached their second highest reading in over a decade, according to the National Association of Realtors®. Only the Midwest saw a dip in contract activity last month

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending August 26, 2016.

Commercial Real Estate Expansion Foreseen

Buoyed by a steadily improving labor market and strong demand for multifamily housing, commercial real estate activity should remain on an upward trajectory, with a growing share of it is expected to be in smaller markets, according to the National Association of Realtors® quarterly commercial real estate forecast.

Existing-Home Sales Lose Steam in July

Slowed by frustratingly low inventory levels in many parts of the country, existing-home sales lost momentum in July and decreased year-over-year for the first time since November 2015, according to the National Association of Realtors®. Only the West region saw a monthly increase in closings in July.

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 August 19, 2016.

Popular

Affordable Housing Comes to U Street with the Funding of Portner...

On July 7th, the District of Columbia Housing Finance Agency (DCHFA) closed on the financing of an affordable housing development in one the District’s most sought after neighborhoods, the U Street Corridor. The Agency issued $27 million in short term DCHFA tax exempt bonds providing a portion of the funding for the acquisition of Portner Place and construction of Portner Flats (1440-1450 V Street, NW) located in Ward 1, one block west of The Frank D. Reeves Municipal Center at 14th and U Streets, NW

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The Emergence of “18-Hour” Cities is Focus of Urban Land Institute’s...

The emergence of “18-hour” cities as magnets for investment and development will be discussed at the J.C. Nichols forum, an event being hosted on Thursday, September 29, by the Urban Land Institute (ULI) at Kansas City’s Nelson-Atkins Museum of Art. The forum honors the legacy of Kansas City developer J.C. Nichols, a founding ULI member considered to be one of America’s most creative entrepreneurs in land use during the first half of the 20th century