Tuesday, June 22, 2021

Archives

AGC

PRODUCER PRICES FOR CONSTRUCTION MATERIALS AND SERVICES JUMP 24 PERCENT OVER 12 MONTHS, THREATENING...

National
Construction Association Calls on President to Immediately End Tariffs and Quotas on Steel, Aluminum, and Lumber as First Step to Easing Pressure on Construction Costs and Supply-Chain

Atlanta REALTORS® Releases May 2021 Statistics on Housing Market

National
The Atlanta REALTORS® Market Brief examines sales, prices in 11-county metro area - RealEstateRama - Atlanta REALTORS® Association (ARA), the largest association of its kind in...

GCAAR housing stats

National
The average time residential properties in the region were available on the market dropped to 19 days in April, as REALTORS® continue to help homebuyers in a market faced with limited inventory. The median sold price for residential properties was $590,000, up 10.6% compared to April 2020
NAHB

Home Building at Fastest Pace in Areas With Shortest Commute Times

National
Home building across the nation expanded the fastest in places with the shortest commute times, according to the quarterly National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) released today.
NAR

Existing-Home Sales Decline 2.7% in April

National
Existing-home sales waned in April, marking three straight months of declines, according to the National Association of Realtors®. All but one of the four major U.S. regions witnessed month-over-month drops in home sales, but each registered double-digit year-over-year gains for April
AGC

NONRESIDENTIAL CONSTRUCTION OUTLAYS DROP IN APRIL TO TWO-YEAR LOW AS PUBLIC AND PRIVATE WORK...

National
Construction Officials Say New Infrastructure Funding, Tariff Relief and Measures to Reduce Manufacturing and Delivery Delays for Key Materials Needed to Jump Start Nonresidential Activity
NAR

Pending Home Sales Drop 4.4% in April

National
Pending home sales took a step backward in April, according to the National Association of Realtors®. All four U.S. regions recorded year-over-year increases, but only the Midwest witnessed month-over-month gains in terms of pending home sales contract transactions.
MBA

Share of Mortgage Loans in Forbearance Decreases to 4.19 Percent

National
 The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 3 basis points from 4.22% of servicers' portfolio volume in the prior week

Competitive market leads to strong sales statewide

National
April was another strong month for South Carolina real estate according to South Carolina REALTORS® (SCR) statewide real estate market reports. Sales were up 41% from last year. "Summer is our busy season, but we're continuing to see above average sales throughout the state.
MBA

Mortgage Delinquencies Decrease in the First Quarter of 2021

National
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 6.38 percent of all loans outstanding at the end of the first quarter of 2021
NAR

Pending Home Sales Grow 1.9% in March

National
Pending home sales increased in March, snapping two consecutive months of declines, according to the National Association of Realtors®. All but one of the four major U.S. regions experienced month-over-month gains in March
AGC

NONRESIDENTIAL CONSTRUCTION OUTLAYS DROP IN MARCH FOR FOURTH-STRAIGHT MONTH AS WEAK DEMAND, SUPPLY-CHAIN WOES...

National
Nonresidential construction spending fell to a two-year low in March as contractors struggled with slumping demand for most project types and growing shortages of materials, transport

Reasons To Let An Expert Complete Your Home Improvements

National
Are you interested in increasing the value, comfort, functionality, or aesthetics of your home? Perhaps you’re going to put your house on the market for sale soon and want to get the best offer possible. Whatever the case is, investing in home improvements and renovations is the most efficient way to accomplish your goals.
NAR

Millennials Dominate Buying Market, Generation Z Now Active Buyers, Says NAR Report

National
The popularity of multigenerational homes increased over the last year, as a rising number of homebuyers purchased larger residences compared to prior years, including millennials

In strong first-quarter, Coastal areas lead home sales throughout South Carolina

National
The market in South Carolina remains strong in the first quarter according to South Carolina REALTORS® (SCR) March 2021 statewide real estate market data. Median sales price increased from $234,000 to $265,000, a 13% increase compared to this time last year, and sellers are seeing top dollar for their homes.
MBA

Share of Mortgage Loans in Forbearance Decreases to 4.96 Percent

National
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 9 basis points from 5.05% of servicers' portfolio volume in the prior week to 4.96% as of March
NAHB

Interest in New Homes Increases Among First-Time Buyers

National
As the housing industry celebrates New Homes Month in April, recent data from the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), reveals that first-time home buyers account for almost half (43 percent)
MBA

Commercial and Multifamily Mortgage Delinquencies Decreased in March

National
Delinquency rates for mortgages backed by commercial and multifamily properties decreased again in March, reaching the lowest level since the onset of the COVID-19 pandemic, according to the Mortgage Bankers Association's (MBA) latest monthly CREF
Real Estate Market

THE REAL ESTATE MARKET OUTLOOK FOR 2021

National
Nobody could ever foresee a global pandemic moving into 2020. It’s spread has left a global economic crisis, businesses counting losses and not forgetting the countless government initiatives to enforce lockdown measures such as social distancing and travel restrictions in aid to tackle the spread
Mayor Muriel Bowser

HUD RELEASES 2020 ANNUAL HOMELESS ASSESSMENT REPORT PART 1

National
The U.S. Department of Housing and Urban Development (HUD) today released its 2020 Annual Homeless Assessment Report Part 1 to Congress. The report found that 580,466 people experienced homelessness in the United States on a single night in 2020

Business Real Estate Press Releases

Former Big Bear Sports Center Bldg

Wood Investments Companies Acquires Third Mountain West Property in Seven Months

Wood Investments Companies, Inc., a commercial real estate investment and management company specializing in retail, announced today the acquisition of a 67,000-square-foot retail building formerly occupied by Big Bear Sports Center located in

Recent Gov & Nonprofit Real Estate Press Releases

Former Big Bear Sports Center Bldg

Wood Investments Companies Acquires Third Mountain West Property in Seven Months

Wood Investments Companies, Inc., a commercial real estate investment and management company specializing in retail, announced today the acquisition of a 67,000-square-foot retail building formerly occupied by Big Bear Sports Center located in