Marketing & Statistics
RealEstateRama Marketing & Statistics
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.
