Tag Archives: housing starts

Homeownership Expands Again

The Mortgage Corner Washington Post “New data indicate that in 2016, in defiance of myriad prognostications, the decade-long decline in the homeownership rate abruptly reversed. Once-rapid growth in renter households stalled, and the long-stagnant number of owner-led households began rising,” … Continue reading

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Where Goes the Housing Market?

The Mortgage Corner Calculated Risk WASHINGTON (December 19, 2018) – Existing-home sales increased in November, said the National Association of Realtors®, marking two consecutive months of increases. Three of four major U.S. regions saw gains in sales activity last month. … Continue reading

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Why Still A Housing Shortage?

The Mortgage Corner Graph: Econoday A recent survey of California’s housing market reaffirmed the well-known fact that California has an affordability problem. The median home price is now $544,900, up 80 percent from 2011—though that’s a deceptive comparison because mostly … Continue reading

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Homeowners Preserve Rising Home Equity

The Mortgage Corner Graph: MarketWatch/Black Knight American homeowners have amassed a record $6 trillion in equity in their properties, according to a study by real estate data firm Black Knight, a figure boosted by surging home prices and a trend … Continue reading

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Where Goes the Housing Market?

The Mortgage Corner Graph: Econoday We definitely have a housing shortage. Housing construction is unable to keep up with the demand for single-family homes, in particular. Year-on-year, starts are down 1.4 percent with completions, at a 1.188 million rate, down … Continue reading

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Housing Construction, Leading Economic Indicators Still Strong

The Mortgage Corner Graph: Econoday The residential housing market is still starving—of supply, that is. Not enough homes are being built to meet the surging demand of new households from both millennials and immigrants. This is when construction starts fell … Continue reading

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Housing Starts Rebound, For How Long?

The Mortgage Corner The Conference Board’s Index of Leading Indicators that predicts future growth says it is being boosted by a rebound in housing starts, which means more badly needed new homes being built. Its June report posted a 0.6 … Continue reading

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Return To Low Interest Rates Boosts Housing

The Mortgage Corner The conforming 30-year fixed rate mortgage is now 3.50 percent and the so-called Hi-Balance conforming 30-year fixed rate is 3.75 percent these days for a 1 percent origination fee. And this is what has kept the demand … Continue reading

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Builder Optimism Returning to Historical Levels

The Mortgage Corner After holding steady for the past four months, builder confidence in the market for newly constructed single-family homes rose two points in June to a level of 60 on the National Association of Home Builders/Wells Fargo Housing … Continue reading

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Builder Sentiment Holds, Housing Starts Booming

The Mortgage Corner Builder confidence in the market for newly-built single-family homes was unchanged in March at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).“Confidence levels are hovering above the 50-point mid-range, … Continue reading

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