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Tag Archives: housing permits
New-Home Construction Soaring
Financial FAQs Construction of new homes in the U.S., known as housing starts, jumped almost 10 percent in January to an annual rate of 1.33 million. That’s the second highest level since the Great Recession and it easily exceeded the … Continue reading
Where Are the New Homes?
The Mortgage Corner There is a surging demand for new home that builders find hard to meet. New-home sales fell in July to 571,000 units, though May and June totals were revised upward. That’s because the Census Bureau estimate comes … Continue reading
Single-Family Construction Exploding
Popular Economics Weekly Starts on new houses climbed 3 percent in February to the second-highest level since 2007, reflecting pent-up demand in a steadily growing economy that builders are aiming to address. And builder optimism continues to rise to new … Continue reading
Housing Sales, Prices Continue Skyward
The Mortgage Corner The S&P Case Shiller Home Price Index continues to soar, with Seattle and Portland existing-home prices up double digits in a year, while Dallas and Denver are up some 8 percent annually. Case-Shiller’s national index is within … Continue reading
Builder Confidence Holds, But Household Formation Still Weak
The Mortgage Corner Builder confidence in the market for newly-built single-family homes remained unchanged in April at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “Builders remain cautiously optimistic about construction growth … Continue reading
High Builder Confidence Signals More Affordable Housing In 2016
The Mortgage Corner Builder confidence in the market for newly-built single-family homes held steady at 60 in January from a downwardly revised December reading of 60 on the National Association of Home Builders/Wells Fargo Housing Market Index. Any number above … Continue reading
Housing Starts Surge, Millennials Are Buying
The Mortgage Corner The Federal Reserve’s Open Market Committee has just announced it is raising short term interest rates by ¼ percent. Its press release said: “Given the economic outlook, and recognizing the time it takes for policy actions to … Continue reading
