Tag Archives: housing permits

Housing Construction at 13-Year High

The Mortgage Corner Wrightson.com U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion … Continue reading

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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

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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

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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

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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

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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

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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

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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

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Housing Starts, Builder Optimism at Recovery Highs

The Mortgage Corner Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,174,000. This is 9.8 percent above the revised May estimate of 1,069,000 and is 26.6 percent above the June 2014 rate of 927,000. This … Continue reading

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Consumers Earn and Spend More This Year

Financial FAQs The consumer came to life in May, boosted by a 0.5 percent rise in personal income and helping to support a 0.9 percent surge in personal outlays that reflects heavy spending on autos and retail goods. The spending … Continue reading

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