Archives

Significant Cultural Differences between the US and British Residents

Thanks to technology, the world has become a global village. But despite the connectivity provided by social media and online platforms, nothing compares to the joy and excitement that comes when you visit a country by yourself.
ABC National

Nonresidential Construction Employment Slows Down in November, Says ABC

Construction employment expanded by 5,000 net new jobs in November, according to an analysis of U.S. Bureau of Labor Statistics data conducted by Associated Builders and Contractors today. During the past 12 months, the industry has added 282,000 net new construction jobs, which translates into a 4 percent increase in total industry-wide employment.
MBA

Mortgage Applications Rise in Latest MBA Weekly Survey

Mortgage applications increased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 30, 2018. The results for the week ending November 23, 2018, included an adjustment for the Thanksgiving holiday.
MBA

IMB Profits Lag in the Third Quarter

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $480 on each loan they originated in the third quarter of 2018, down from a reported gain of $580 per loan in the second quarter of 2018, according to the Mortgage Bankers Association's (MBA) newly released Quarterly Mortgage Bankers Performance Report.
ABC National

Nonresidential Spending Rises Modestly in October

National nonresidential spending increased 0.1 percent in October, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today. Total nonresidential spending for the month stood at $763.8 billion on a seasonally adjusted annualized rate, which represents a 7.3 percent increase over the same time last year
NAHB

New Home Sales Drop 8.9 Percent in October as Affordability Challenges Persist

Sales of newly built, single-family homes fell to a seasonally adjusted annual rate of 544,000 units in October after an upwardly revised September report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the lowest sales pace since December 2016. However, on a year-to-date basis, sales are up 2.8 percent from this time in 2017.
MBA

Mortgage Applications Rise 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 23, 2018. This week's results include an adjustment for the Thanksgiving holiday.
HUD - U.S. Department of Housing and Urban Development

HUD AND CENSUS BUREAU REPORT RESIDENTIAL CONSTRUCTION ACTIVITY IN OCTOBER 2018

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for October 2018. Privately owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,263,000. This is 0.6 percent (±2.4 percent)
MBA

Mortgage Applications Decrease Slightly in Latest MBA Weekly Survey

Mortgage applications decreased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 16, 2018. This week's results do not include an adjustment for the Veterans' Day holiday.
NAHB

Single-Family Starts Post Slight Decline as Builders Grapple with Affordability Issues

Rising housing affordability concerns continue to weigh on single-family production even as total housing starts edged higher in October. According to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department, total housing starts rose 1.5 percent in October to a seasonally
MBA

Commercial/Multifamily Originations Slowed During the Third Quarter

A pullback in lending activity across most property types contributed to a decline in total mortgage loan originations during the third quarter, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
MBA

October New Home Purchase Mortgage Applications Decrease 2.1 Percent

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2018 shows mortgage applications for new home purchases decreased 2.1 percent from a year ago. Compared to September 2018, applications increased by 11 percent. This change does not include any adjustment for typical seasonal patterns.
MBA

MBA’s Broeksmit Comments On FHA’s Annual Report to Congress

Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), issued the following statement regarding the U.S. Department of Housing and Urban Development's (HUD) Annual Report to Congress Regarding the Financial Status of the FHA Mutual Mortgage Insurance Fund
AGC

CONSTRUCTION EMPLOYMENT RISES FROM OCTOBER 2017 TO OCTOBER 2018 IN 44 STATES AND D.C.;...

Forty-four states and the District of Columbia added construction jobs between October 2017 and October 2018, while 36 states and D.C. added construction jobs between September and October, according to an analysis by the Associated General Contractors of America of Labor Department data released today.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 3.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 9, 2018.

How to Write an Efficient Real Estate Business Plan

An entrepreneur does not create a company just to earn money, he needs to have a challenge and win that challenge. Creating a real estate business is highly profitable and accessible to anyone with the qualities an entrepreneur needs. Like everything in life, success in this business depends on the small details. Managing a real estate business is not exactly creating a real estate. Let's talk properly. A real estate or real estate office carry a place at street level and an infrastructure with several commercial and non-commercial personnel.
NAHB

Statement from NAHB Chairman Randy Noel on FHA Actuarial Report

Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued the following statement after the Federal Housing Administration (FHA) released its annual actuarial report to Congress

Mortgage Delinquencies Up Slightly in Third Quarter of 2018

The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 4.47 percent of all loans outstanding at the end of the third quarter of 2018, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.
MBA

2018 Commercial/Multifamily Originations Forecast to Match 2017’s Record Year

The Mortgage Bankers Association (MBA) expects commercial and multifamily originations to close the year roughly on par with the record activity seen in 2017. MBA projects commercial and multifamily mortgage originations to total $532 billion in 2018 - essentially flat from last year's record volume of $530 billion
NAHB

Housing Affordability Edges Lower in the Third Quarter

A modest increase in interest rates and home prices kept housing affordability at a 10-year low in the third quarter of 2018, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today.

Business Real Estate Press Releases

Top Tips For Buying Your First Home

Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.

Recent Gov & Nonprofit Real Estate Press Releases

Mercy Housing

THE COMMUNITY FOUNDATION OF THE FOX RIVER VALLEY AWARDS MERCY HOUSING...

Mercy Housing Lakefront today announced the acceptance of a $5,000 grant from The Community Foundation of the Fox River Valley to purchase hearing accessibility equipment (pocket talkers) for senior residents at the organization’s Constitution House in Aurora, IL. Pocket talker devices are reliable and easy-to-use sound amplifiers designed for individuals who are unable to afford standard hearing aids.