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CONSTRUCTION EMPLOYMENT RISES IN 35 STATES FROM SEPTEMBER 2015 TO 2016; ONLY 21 STATES...
Thirty-five states added construction jobs between September 2015 and September 2016 while construction employment increased in only 21 states and the District of Columbia between August and September, according to analysis of Labor Department data released today by the Associated General Contractors of America. Association officials said contractors still report difficulty filling construction jobs, and they urged Congress to complete action on a bill that would help more students gain the skills to qualify for good-paying careers in construction.
First-time Buyers Steer Existing-Home Sales Higher in September
Existing-home sales rebounded strongly in September and were propelled by sales from first-time buyers reaching a 34 percent share, which is a high not seen in over four years, according to the National Association of Realtors®. All major regions saw an increase in closings last month, and distressed sales fell to a new low of 4 percent of the market.
Mortgage Applications Slightly Increase in Latest MBA Weekly Survey
ortgage applications increased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 14, 2016. This week's results included an adjustment for the Columbus Day holiday
Housing Starts Decline 9 Percent in September on Multifamily Weakness
A sharp decline in multifamily production brought overall nationwide housing starts down 9 percent in September, according to newly released data from the U.S. Housing and Urban Development and the Commerce Department. However, both single-family production and overall permit issuance posted solid gains
September New Home Purchase Mortgage Applications Increase 3 Percent Year over Year
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2016 shows mortgage applications for new home purchases increased 3 percent relative to September 2015. Compared to August 2016, applications decreased by 7 percent. This change does not include any adjustment for typical seasonal patterns
New survey from NeighborWorks America shows how student loans and high rent prices weigh...
Student loan debt and high rent prices continue to worsen the homeownership outlook according to data from the fourth annual housing survey from NeighborWorks America. The national telephone survey found nearly one-third (30 percent) of Americans know someone who has delayed the purchase of a home because of student loan debt, up from 28 percent in 2015 and just 24 percent in 2014.
Mortgage Credit Availability Increases in September
Mortgage credit availability increased in September 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
CONSTRUCTION FIRMS ADD 23,000 EMPLOYEES IN SEPTEMBER AS SECTOR’S EMPLOYMENT HITS HIGHEST LEVEL SINCE...
Industry Officials Note the Sector’s Average Hourly Earnings Increased by 2.8 Percent for the Year as Most Firms Report Shortages of Qualified Workers, Number of Unemployed Workers Hits 16-Year Low for Month
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 2.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 30, 2016.
Sentiment Index: U.S. Commercial Real Estate Outlook is Still Positive, Despite Headwinds Around Available...
NAIOP has released the latest Sentiment Index based on a survey of member developers, owners and investors on whether their 12-month outlook for commercial real estate development is positive, neutral or negative.
Q3 2016 Net Lease Research Report Released
The Boulder Group has released its 3rd Quarter 2016 Net Lease Research Report. The report provides comprehensive numbers and analysis of the net lease property market.
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 September 23, 2016
Federal Financial Institutions Examination Council Announces Availability of 2015 Data on Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on mortgage lending transactions at 6,913 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data made available today cover 2015 lending activity and include
Crescent Communities Appoints David O’Donoghue Executive Vice President, Resort and Second Home
Crescent Communities today announced it has appointed David O’Donoghue as executive vice president of its Resort and Second Home Communities team. In this role, O’Donoghue will be responsible for sales, marketing, development, overall operations and property management for the company’s flagship Palmetto Bluff community, a 20,000-acre development in the South Carolina Lowcountry, between Hilton Head and Savannah, Georgia.
HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN AUGUST
Sales of new single-family houses in August 2016 were at a seasonally adjusted annual rate of 609,000, 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 7.6 percent (±10.7%)* below the revised July rate of 659,000, but is 20.6 percent (±14.8%) above the August 2015 estimate of 505,000
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 7.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 16, 2016. The prior week's results included an adjustment for the Labor Day holiday.
Housing Production Hits a Mild Speed Bump in August
Nationwide housing starts fell 5.8 percent to a seasonally adjusted annual rate of 1.14 million units in August, according to newly released data from the U.S. Housing and Urban Development and the Commerce Department. Overall permit issuance edged 0.4 percent lower.
HUD AND CENSUS BUREAU ANNOUNCE NEW RESIDENTIAL CONSTRUCTION ACTIVITY IN AUGUST
The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau jointly announced the following new residential construction statistics for August 2016: Privately owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,139,000. This is 0.4 percent (±1.2%) below the revised July rate of 1,144,000, but is 2.3 percent (±1.5%) below the August 2015 estimate of 1,166,000. Single-family authorizations in August were at a rate of 737,000; this is 3.7 percent (±3.0%) below the revised July figure of 711,000. Authorizations of units in buildings with five units or more were at a rate of 370,000 in August
CONSTRUCTION EMPLOYMENT RISES IN 36 STATES FROM AUGUST 2015 TO 2016; ONLY 24 STATES...
Thirty-six states added construction jobs between August 2015 and August 2016 while construction employment increased in only 24 states between July and August, according to analysis of Labor Department data released today by the Associated General Contractors of America. Association officials said demand for construction appears to be cooling in some markets but added that many firms report they would be expanding their headcount if they could find qualified workers to hire.
Mortgage Applications for New Home Purchases Increase in August
The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for August 2016 shows mortgage applications for new home purchases increased by 5 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns













