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 September 2017. Building Permits: Privately owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,215,000.
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®
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.
Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of The Laguna, a 57,057-square-foot medical office building in Orange County, California. This acquisition expands Meridian’s footprint in Southern California coming on the heels of last year’s purchase of Cotton Medical Center, a 115,000-square-foot, $49 million medical office complex in Pasadena, California, adjacent to the recently completed Shriners Hospitals for Children and near the Huntington Memorial Hospital.
Green Lease Leaders introduces new recognition criteria, website, and helpful resources to better shine a spotlight on innovative landlords and tenants who incorporate efficiency and sustainability into their leases and corporate best practices.
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.
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
Warner Pacific Properties Announces Grand Opening of T.J.Maxx/HomeGoods Combo Store at Monrovia Landing
Warner Pacific Properties, a real estate investment and development company, announced today the opening of a new T.J.Maxx/HomeGoods combo store at the newly repositioned Monrovia Landing at 735 and 737 E. Huntington Drive (Historic Route 66) and S. Shamrock Avenue, in the City of Monrovia, California. The new store will celebrate its grand opening on Sunday, October 22nd, at 8:00 a.m.
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
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease Cricket Wireless property located at 1705 Alma Avenue in Perryville, Missouri for $610,000.
If consumers are unhappy with the appraisal of a home they’re buying or selling, they have options available to them, the president of the nation’s largest professional association of real estate appraisers said today.
Green Business Certification, Inc. (GBCI) has announced its 2017 class of LEED Fellows, an annual recognition of outstanding LEED professionals. This year’s 23 LEED Fellows exemplify a diverse array of achievements and contributions to the green building community and LEED, which stands for Leadership in Energy and Environmental Design, the world’s most widely used green building rating system.
NACWA held a private meeting with senior White House officials on October 12 to discuss the contours of the Administration’s planned infrastructure package, including opportunities for public clean water utilities. This followed a broader water sector meeting, hosted by the White House on October 10, in which a number of NACWA utility members participated.
Builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest reading since May.
Habitat for Humanity is commencing the long-term phase of its Habitat Hammers Backhurricane recovery initiative, pledging to help more than 6,000 families across regions impacted by hurricanes Harvey, Irma and Maria.