Marketing & Statistics

Marketing & Statistics

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 5.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 6, 2017. The most recent week's results include an adjustment to account for the New Year's Day holiday, while the previous week's results were adjusted for the Christmas holiday.

Housing Will Continue Gradual Climb to Higher Ground in 2017

Fueled by a growing economy, solid employment gains and rising household formations, single-family production will continue on a gradual, upward trajectory in 2017, according to economists speaking at the National Association of Home Builders (NAHB) International Builders’ Show in Orlando, Fla., today

FHA TO REDUCE ANNUAL INSURANCE PREMIUMS ON MOST MORTGAGES

As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums most borrowers will pay by a quarter of a percent. FHA’s new premium rates are projected to save new FHA-insured homeowners an average of $500 annually

CONSTRUCTION SPENDING INCREASES IN NOVEMBER AS PRIVATE AND PUBLIC SEGMENTS RISE FOR THE MONTH...

Construction spending hit a 10-year high in November with monthly and year-over-year gains in both public and private categories, according to an analysis by the Associated General Contractors of America. Association officials said the November data indicates that the 2017 outlook for construction is favorable even as they cautioned that demand will vary for different types of construction projects

FHA Mortgage Insurance Premium Reduction a Fresh Start, Says NAR President Brown

Lower costs are coming for homebuyers seeking a Federal Housing Administration -insured mortgage. FHA announced today that they are cutting annual premiums for mortgage insurance from 0.85 percent to 0.60 percent, a move the National Association of Realtors® said breathes new life into the program.

Pending Home Sales Backpedal in November

Pending home sales dipped in November to their lowest level in nearly a year as the brisk upswing in mortgage rates and not enough inventory dispirited some would-be buyers, according to the National Association of Realtors. Only the Northeast saw monthly and annual pending sales gains last month.

HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN NOVEMBER

Sales of new single-family houses in in November 2016 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.2 percent (±14.1%)* above the revised October rate of 563,000 and is 16.5 percent (±19.3%)* above the November 2015 estimate of 508,000.

New Home Sales Up 5.2 Percent in November

Sales of newly built, single-family homes rose 5.2 percent in November to a seasonally adjusted annual rate of 592,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

FEWER METRO AREAS ADD CONSTRUCTION JOBS DURING PAST YEAR AS GROUP URGES PRESIDENT-ELECT TO...

Construction employment increased in 211 metro areas between November 2015 and November 2016, the lowest number of metro areas to add jobs in four years, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials said that contractors in many parts of the country continue to struggle with worker shortages and urged the incoming Trump administration to include workforce measures with its new infrastructure program.

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 2.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 16, 2016.

HUD AND CENSUS BUREAU ANNOUNCE NEW RESIDENTIAL CONSTRUCTION ACTIVITY IN NOVEMBER

The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau jointly announced the following new residential construction statistics for November 2016: Privately owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,201,000. This is 4.7 percent (±1.1%) below the revised October rate of 1,260,000 and is 6.6 percent (±2.6%) below the November 2015 estimate of 1,286,000.

Multifamily Weakness Pushes Overall Housing Starts Down 18.7 Percent in November

A sharp decline in multifamily starts pushed overall housing production down 18.7 percent in November to a seasonally adjusted annual rate of 1.09 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Overall permit issuance was also down 4.7 percent.

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 4.0 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 9, 2016.

November New Home Purchase Mortgage Applications Increase 12 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for November 2016 shows mortgage applications for new home purchases increased 12 percent relative to November 2015. Compared to October 2016, applications decreased by 3 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.

3Q Commercial/Multifamily Delinquencies Remain Low, CMBS Up Slightly

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

HUD AWARDS $2.5 MILLION TO HELP YOUTH LIVING IN PUBLIC HOUSING AFFORD COLLEGE AND...

To help low-income youthand their families apply for federal student aid for college and other post-secondary educational opportunities, the U.S. Department of Housing and Urban Development (HUD) today awarded approximately $2.5 million to nine Public Housing Authorities (PHAs) to hire "Education Navigators" to guide them through the application process.

Independent Mortgage Bank Volumes Up, Production Profits Stable in 3rd Quarter 2016

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,773 on each loan they originated in the third quarter of 2016, up from a reported gain of $1,686 per loan in the second quarter of 2016, the Mortgage Bankers Association (MBA) reported today in its Quarterly Mortgage Bankers Performance Report.

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 0.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 2, 2016.  The prior week's results included an adjustment for the Thanksgiving holiday.

Second Century Ventures Accepting Applications for 2017 REach Accelerator Class

Second Century Ventures, the National Association of Realtors®’ strategic investment arm, is accepting applications for its 2017 REach® accelerator class now through January 31, 2017

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.

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Remodelers Find Operational Efficiencies as the Market Recovers

Remodelers’ average profit margins have increased since 2011, indicating they are running their businesses more efficiently as residential remodeling activity steadily improves, according to experts at a press conference hosted by the National Association of Home Builders (NAHB) Remodelers during the International Builders’ Show® in Orlando, Fla.

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SAVING TIME WITH MODULAR BATHROOM PODS

The Modular Building Institute (MBI) published "Saving Time with Modular Bathroom Pods," a whitepaper that provides an overview of bathroom pods answering the pertinent questions of when they should be used on a project, costs, installation, and showcases the advantages of using bathroom pods on a construction project. The whitepaper also includes case studies across various markets that successfully integrated bathroom pods