The Census Bureau report released today shows housing starts for last month were 1,269,000, and permits came in 1,294,000. Housing permits have been stalling out for 29 months now because once again new home sales are still too low. As evident below with the permit chart, we haven’t really gone anywhere for some time now.
Sources: Builder Confidence Holds Steady in January Mortgage Applications Increase in Latest MBA Weekly Survey Housing starts up but permits post lowest growth since mid-2011 Freddie Mac: Mortgage rates fall to new low. Read More
U.S. housing starts hit eight-month low; building permits weak. drag on economic growth in the second quarter. housing starts weakened despite a dearth of properties on the market, which is.
Housing Starts, Permits Up In March After Dismal Winter WASHINGTON – U.S. housing starts and permits for future home construction rose more than expected in March, snapping back from the prior month’s winter weather depressed levels, government data showed on Tuesday.
Housing permits and starts. since 2015. Turnover continues to decrease, partially a function of record-high levels of renter satisfaction. 78% of tenants believe that renting is more affordable.
Raphael Bostic – Changes to Affordable Housing & Demographic Changes Citi earnings plummet amid $7B RMBS settlement Updated, 8:29 p.m. | The $7 billion deal that Citigroup agreed to strike with the justice department involves one of the largest cash penalties ever paid to settle a federal inquiry into a bank suspected of mortgage misdeeds. But another major component of the settlement has little to do with troubled mortgages.DOJ charges hundreds in mortgage rescue scams Louisiana Lawyer Sentenced to Prison for Role in Mortgage Fraud Scheme – LAS VEGAS-A lawyer from Louisiana who worked locally as a real estate agent, was sentenced today to three years in prison for his conviction on conspiracy and fraud charges related to his involvement.Celine Dion lists Jupiter Island estate for $72.5M Gallery: Celine Dion Florida estate — US$72.5M. Handout photo, Joseph Mantanaro. Located in the exclusive Floridian inlet of Jupiter Island, this five and a half acre property with over 415.But the data clearly show that the market remains extremely fragile,” said HUD Assistant Secretary Raphael Bostic. “While we cannot stop. FHA loss mitigation, the Home Affordable Modification.CoreLogic chat shows short sale fraud evolving in unexpected ways Today, 3.7 percent of short sale transactions involve suspicious activity, according to CoreLogic data. The highest rates of such suspicious activity are centered in California, Florida, Arizona, and Nevada, according to CoreLogic. Source: "corelogic chat shows short sale fraud Evolving in Unexpected Ways," HousingWire
Nearly three in 10 of the new homes hitting the market are attached, up from a low of. to pull 25,098 permits, which ranks seventh among major metro areas and is 56.2 percent above the average.
Construction nearly touched post-recession. for building permits, a bellwether of future construction, declined 4.2 per cent in June from the prior month to a pace of 963,000, the lowest figure.
Goldman Sachs misses on expectations with $6.86B in 3Q Goldman Sachs records strong 3Q earnings | 2014-10-16. – Goldman Sachs misses on expectations with $6.86B in 3Q JPMorgan, Goldman Sachs next on earnings’ horizon Brena Swanson is formerly the Digital Reporter for HousingWire.
Housing starts roar back even as builder permits fall to 15-month low. August’s pace of permitting was the lowest since May 2017.. For the year to date, starts are up 6.9% compared to the.
· Housing starts beat expectations, jumping 20%; condos, apartments up 30% Vancouver’s housing market is dismal – but you still need six-figure income to get your foot in the door Canadian home.
Housing Starts Reach Post-Recession High in May as Permits Soften June 19, 2018 Total housing starts rose 5 percent in May to a seasonally adjusted annual rate of 1.35 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.