Existing-home sales increased in October to their strongest pace since earlier this summer, but continual supply shortages led to fewer closings on an annual basis for the second straight month, according to the National Association of Realtors®
According to a report released today by Associated Builders and Contractors (ABC), the private construction industry’s value added as a percentage of the nation’s real gross domestic product (GDP) rose to 4 percent in 2016, the highest level since 2009. The report also shows annual growth in real construction spending, which rose 3.5 percent in 2016.
The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), dropped 10 points to 46 in the third quarter of 2017. This is the lowest reading since the second quarter of 2011.
Approximately 20 million Black veterans are eligible to use their G.I. benefits to purchase homes, but may not be aware that homeownership remains the best avenue to begin building wealth. The National Association of Real Estate Brokers (NAREB), the country’s oldest, minority real estate trade group is hosting, nationwide, Homeownership for Veterans events to encourage Black veterans to learn more about the homebuying process and how to take advantage of their G.I. benefits.
DCHFA is opening its doors on Thanksgiving Day to distribute 200 dinners to at risk, homeless families and/or individuals in need of a meal. Dinner will be served by DCHFA staff members and their families who are giving up a part of their Thanksgiving holiday to ensure that others in the community are fed.
Forty-one states added construction jobs between October 2016 and October 2017, while 26 states added construction jobs between September and October, continuing a pattern of widespread but uneven growth in industry employment, according to an analysis by the Associated General Contractors of America of Labor Department data released today. The association’s chief economist suggested that recent job gains would have been more widespread if enough qualified workers were available.
Nationwide housing starts rose 13.7 percent in October to a seasonally adjusted annual rate of 1.29 million units after a slight upward revision to the September reading, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This is the highest housing production reading since October 2016, when total starts hit a post-recession high of 1.33 million.
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.88 percent of all loans outstanding at the end of the third quarter of 2017. The delinquency rate was up 64 basis points from the previous quarter, and was 36 basis points higher than one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following statement on tax reform legislation that was approved by the Senate Finance Committee
David H. Stevens, President and CEO of the Mortgage Bankers Association, released the following statement applauding Chairman Mike Crapo (R-Idaho) and a bipartisan group of cosponsors on the introduction of their regulatory relief package
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following statement on the House passage of The Tax Cuts and Jobs Act
Each year, FEDCon® gives private-sector architects, engineers, contractors and manufacturers an insight into the construction process of the different agencies of the U.S. federal government. The 2018 FEDCon® Keynote Breakfast, scheduled for Thursday, January 11, 2018, from 8:00 am to 10:00 am, during Building Innovation 2018: The National Institute of Building Sciences Sixth Annual Conference & Expo
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following statement on the House passage of The Tax Cuts and Jobs Act:
Associated Builders and Contractors (ABC) today released its annual update to “Building America: The Merit Shop Scorecard,” which takes stock of state policies that influence the success or failure of a free enterprise-based environment for construction companies.
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, is accepting proposals by Dec. 1 – just two weeks away –for presentations at the organization’s 2018 Annual Conference, July 30-Aug. 1, at the JW Marriott in Nashville, Tennessee.