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Existing-Home Sales Slide 4.9% in March
Existing-home sales retreated in March, following February’s surge of sales, according to the National Association of Realtors®. Each of the four major U.S. regions saw a drop-off in sales
Construction Contractors Confidence Strong in February, Says ABC
Construction industry leaders remained confident regarding nonresidential construction prospects in February 2019, according to the latest Construction Confidence Index released by Associated Builders and Contractors today
CONSTRUCTION EMPLOYMENT INCREASES IN 38 STATES FROM MARCH 2018 TO MARCH 2019 WHILE 29...
Thirty-eight states added construction jobs between March 2018 and March 2019, while construction employment increased in 29 states between February and March, according to an analysis by the Associated General Contractors of America
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. — (RealEstateRama) — Mortgage applications decreased 3.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications...
Remodelers’ Confidence Falls Three Points in First Quarter of 2019
The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 54 in the first quarter of 2019, falling three points from the previous quarter. The RMI has been consistently above 50—indicating that more remodelers report market activity is higher compared
ABC Members Invest $1.6 Billion in Workforce Development Annually, New Survey Finds
According to the results of Associated Builders and Contractors’ 2019 Workforce Development Survey, ABC members invested $1.6 billion to educate their employees in 2018, up from $1.1 billion in 2013.
POAH, Housing and YMCA Foundations will Preserve Senior Housing in Chicago and Harvey, IL
Preservation of Affordable Housing (POAH) announced today that it is acquiring six senior housing facilities financed by HUD and previously or currently owned by YMCA Foundation entities.
Phoenix Home to 31,000 Dreamers and TPS/DED Holders Eligible for the Dream and Promise...
As Congress prepares to debate H.R. 6, the American Dream and Promise Act, a new Center for American Progress analysis provides estimates on the local impact of Dreamers and Deferred Enforced Departure (DED) and Temporary Protected Status (TPS) recipients
Independent Mortgage Bankers’ Production Volume and Profits Down in 2018
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $367 on each loan they originated in 2018, down from $711 per loan in 2017, the Mortgage Bankers Association (MBA) reported today in its Annual Mortgage Bankers Performance Report.
Builder Confidence Edges Higher in April
Builder confidence in the market for newly-built single-family homes rose one point to 63 in April, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. Sentiment levels have held in the low 60s for the past three months.
Trump Administration Signs Executive Orders to Fast Track Energy Infrastructure Permitting
The Trump Administration is expected to sign two executive orders making significant revisions to how the government regulates the transportation of energy across state and international lines.
Making Tax Deductions Permanent Will Expand Economic Growth, Says ABC
According to Associated Builders and Contractors, the U.S. construction industry is still benefiting from the Tax Cuts and Jobs Act, which has helped small business owners grow their companies and workforce since its passage in December 2017.
Mortgage Bankers’ Commercial/Multifamily Originations Rise to Record $573.9 Billion in 2018
Commercial and multifamily mortgage bankers closed a record $573.9 billion in loans in 2018, according to the Mortgage Bankers Association's (MBA) 2018 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.
Construction Input Prices Increase for the Second Straight Month, Says ABC
Construction input prices rose 1.7% in March on a monthly basis, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data released today. On a year-over-year basis, construction input prices are up 2.5%, and following a stretch of four consecutive months of input price decreases, March was the second straight month prices have risen in the aggregate.
In-Depth Scrutiny of Published Data Improves Property Market Understanding: The Appraisal Journal
A detailed analysis of population and employment data, along with the use of fair share comparisons, increases the accuracy of assumptions made by appraisers when completing commercial valuation assignme
Center for Constitutional Rights Statement on Assange Arrest
The Center for Constitutional Rights issued the following statement concerning the arrest in London of journalist and WikiLeaks media publisher Julian Assange for purposes of extradition to the United States
NRPA Reacts to Land and Water Conservation Fund Permanent Funding Act
Barbara Tulipane, CAE, president and CEO of the National Recreation and Park Association (NRPA) issued the following statement in response to the introduction of the Land and Water Conservation Fund Permanent Funding Act
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 5.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 5, 2019.
March New Home Purchase Mortgage Applications Increased 7 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2019 shows mortgage applications for new home purchases increased 7 percent compared to a year ago.
CHICAGO’S UJAMAA CONSTRUCTION WINS DIVERSE BUSINESS OF THE YEAR AWARD BY NATIONAL CONSTRUCTION ASSOCIATION
Chicago’s Ujamaa Construction was named as the 2019 Diverse Business of the Year award winner by the Associated General Contractors of America, association officials announced today.
