Marketing & Statistics

Marketing & Statistics
AGC

CONSTRUCTION SPENDING INCREASES BETWEEN SEPTEMBER 2016 AND 2017 AS GROWING PRIVATE-SECTOR DEMAND OUTPACES PUBLIC-SECTOR...

Overall construction spending increased between September 2016 and September 2017 as growing private-sector residential demand continues to offset annual declines in public-sector investments in infrastructure and other projects, according to an analysis of new government data by the Associated General Contractors of America. Association officials urged members of Congress and the Trump administration to include new funding for roads, bridges, clean water and other important infrastructure as part of any new tax reform measure
NAR

Metro Home Prices Maintain Fast Growth in Third Quarter; Rise 5.3 Percent

Severely lacking inventory levels across the country pinched sales growth and kept home prices rising at a steady clip in nearly all metro areas in the third quarter, according to the latest quarterly report by the National Association of Realtors®.
NAR

First-time Buyers Stifled by Low Supply, Affordability: 2017 Buyer and Seller Survey

Despite solid interest in buying a home – sparked by steady job gains, record low mortgage rates and higher rents – the severe drought in housing supply in much of the country over the past year accelerated price growth and kept many first-time buyers out of the market.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 4.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 20, 2017. The previous week's results included an adjustment for the Columbus Day holiday.
NAR

Pending Home Sales Flatten in September

Pending home sales were unchanged in September, but activity declined on an annual basis both nationally and in all major regions, according to the National Association of Realtors®. The Pending Home Sales Index,* www.nar.realtor/pending-home-sales, a forward-looking indicator based on contract signings, was at 106.0 in September (unchanged from a downwardly revised August figure).
MBA

Multifamily Lending Up 8 Percent in 2016

ultifamily lending was up 8 percent year over year in 2016, with nearly three thousand different multifamily lenders providing a total of $269.2 billion in new mortgages for apartment buildings with five or more units, according to a new report from the Mortgage Bankers Association (MBA).
NAR

Existing-Home Sales Inch 0.7 Percent Higher in September

After three straight monthly declines, existing-home sales slightly reversed course in September, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis, according to the National Association of Realtors®
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 3.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 13, 2017. This week's results included an adjustment for the Columbus Day holiday.
Circle K_Phoenix_sm

Hanley Investment Group Negotiates Sale of Single-Tenant Circle K in Phoenix

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Jeremy McChesney has completed the sale of a single-tenant net-leased retail property occupied by Circle K at 5850 W. Indian School Road in Phoenix, Arizona. The purchase price was $1,300,000, which represented a cap rate of 4.62 percent, the lowest recorded closing cap for a Circle K in the U.S. in 2017, according to CoStar.
NAHB

Hurricanes Push Down Housing Production in September

 Nationwide housing starts fell 4.7 percent in September to a seasonally adjusted annual rate of 1.13 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Nationwide single-family production fell 4.6 percent to 829,000 units due to a 15.3 percent decline in the hurricane-ravaged South. All other regions posted gains in the single-family sector, and nationwide single-family permits increased 2.4 percent
NAR

70 Percent of Realtors® Self-Initiated Real Estate Career, Identify People Skills as Most Important

The majority of Realtors® self-initiated their career in real estate and identify strong people skills as the most important trait to be a successful agent, according to the National Association of Realtors® new research report, Choosing a Career in Real Estate: A Perspective on Gender, Race and Ethnicity
MBA

September New Home Purchase Mortgage Applications Decreased 7.5 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for September 2017 shows mortgage applications for new home purchases decreased 7.5 percent compared to September 2016. Compared to August 2017, applications decreased by 20 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.
MBA

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 October 6, 2017
MBA

Purchase Apps Up, Refi Apps Down in Latest MBA Weekly Survey

Mortgage applications decreased 0.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 29, 2017.
NAHB

Home Builders Revise Policy as Tax Reform Debate Heats Up

The National Association of Home Builders (NAHB) today voted to revise its policy regarding the nation’s tax code in light of recent discussions on tax reform between congressional leadership and the Trump administration.

Business Real Estate Press Releases

OldTownWindsor-HotHoodz

zavvie Reveals Colorado’s Hottest Neighborhoods with ‘Hot Hoodz’

What are Colorado’s hottest neighborhoods? Denver’s West Colfax and Chaffee Park are on the list, as are Old Town in Windsor, Downtown in Colorado Springs, and Keewaydin in Boulder. That’s according to December’s “Hot Hoodz,” released by zavvie, a national HyperLocal and social media real estate marketing startup based in Boulder.

Recent Gov & Nonprofit Real Estate Press Releases

Financial Services Committee

Committee Advances 13 Bills

This week, the Financial Services Committee approved 13 billson a range of subjects from economic growth, to consumer protection, to Native American housing and human trafficking. This week’s markup follows a very productive year for the Committee, which has held 54 subcommittee hearings