Home Marketing & Statistics
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.
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 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.
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.
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
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.
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 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.
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 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.
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 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.
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
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 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 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 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.
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.
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 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.