Marketing & Statistics
RealEstateRama Marketing & Statistics
Existing-Home Sales Slide in December; 2016 Sales Best Since 2006
Existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels, according to the National Association of Realtors
Nationwide Housing Production Up 11.3 Percent in December on Multifamily Surge
A surge in multifamily production resulted in overall nationwide housing starts rising 11.3 percent to a seasonally adjusted annual rate of 1.23 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Single-family starts dropped 4 percent to a seasonally adjusted annual rate of 795,000 units
December New Home Purchase Mortgage Applications Increase 2 Percent Year over Year
The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for December 2016 shows mortgage applications for new home purchases increased 2 percent relative to December 2015. Compared to November 2016, applications decreased by 14 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 5.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 6, 2017. The most recent week's results include an adjustment to account for the New Year's Day holiday, while the previous week's results were adjusted for the Christmas holiday.
Housing Will Continue Gradual Climb to Higher Ground in 2017
Fueled by a growing economy, solid employment gains and rising household formations, single-family production will continue on a gradual, upward trajectory in 2017, according to economists speaking at the National Association of Home Builders (NAHB) International Builders’ Show in Orlando, Fla., today
FHA TO REDUCE ANNUAL INSURANCE PREMIUMS ON MOST MORTGAGES
As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums most borrowers will pay by a quarter of a percent. FHA’s new premium rates are projected to save new FHA-insured homeowners an average of $500 annually
CONSTRUCTION SPENDING INCREASES IN NOVEMBER AS PRIVATE AND PUBLIC SEGMENTS RISE FOR THE MONTH...
Construction spending hit a 10-year high in November with monthly and year-over-year gains in both public and private categories, according to an analysis by the Associated General Contractors of America. Association officials said the November data indicates that the 2017 outlook for construction is favorable even as they cautioned that demand will vary for different types of construction projects
FHA Mortgage Insurance Premium Reduction a Fresh Start, Says NAR President Brown
Lower costs are coming for homebuyers seeking a Federal Housing Administration -insured mortgage. FHA announced today that they are cutting annual premiums for mortgage insurance from 0.85 percent to 0.60 percent, a move the National Association of Realtors® said breathes new life into the program.
Survey: Commercial and Multifamily Originators Expect Strong, Steady Market in 2017
Commercial and multifamily mortgage lending is expected to increase in 2017, as lenders' appetites to place new loans and borrowers' appetites to borrow both remain strong, according to a new Mortgage Bankers Association survey of the top commercial and multifamily mortgage origination firms. Nearly two-thirds (63 percent) of the top firms expect originations to increase in 2017, with one-quarter (26 percent) expecting an increase of 5 percent or more. A full half (50 percent) expect their own firm's originations to increase by 5 percent or more
Mortgage Credit Availability Increases in December
Mortgage credit availability increased in December according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool.
Pending Home Sales Backpedal in November
Pending home sales dipped in November to their lowest level in nearly a year as the brisk upswing in mortgage rates and not enough inventory dispirited some would-be buyers, according to the National Association of Realtors. Only the Northeast saw monthly and annual pending sales gains last month.
HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN NOVEMBER
Sales of new single-family houses in in November 2016 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.2 percent (±14.1%)* above the revised October rate of 563,000 and is 16.5 percent (±19.3%)* above the November 2015 estimate of 508,000.
New Home Sales Up 5.2 Percent in November
Sales of newly built, single-family homes rose 5.2 percent in November to a seasonally adjusted annual rate of 592,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
FEWER METRO AREAS ADD CONSTRUCTION JOBS DURING PAST YEAR AS GROUP URGES PRESIDENT-ELECT TO...
Construction employment increased in 211 metro areas between November 2015 and November 2016, the lowest number of metro areas to add jobs in four years, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials said that contractors in many parts of the country continue to struggle with worker shortages and urged the incoming Trump administration to include workforce measures with its new infrastructure program.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 2.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 16, 2016.
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







