It seems that for the entire year, all the data on building permits have been good, but people have been slow to actually break ground. That’s perhaps changing, finally. A Reuters journalist reporting on the general economy agrees with everyone else that the overall economic position is good, even in the face of manufacturing weakness. A key ... MORE
Theresa Springer’s Blog
Economists were predicting that September would be the sixth straight month to have more than 1 million housing starts — a sign of sustained recovery in the market. However, the numbers even surpassed expectations The economists polled by Reuters had been expecting 1.15 million units for September, and the actual number came in at 1.206 — ... MORE
All signs recently have been pointing to a sustained housing market, but CNBC reported two conflicting numbers today. Housing starts fell in August 3.0%, which was a larger drop than expected — but it’s mostly been in the Northeast, which fell 33%, according to the attached video. On the other hand, building permits in August ... MORE
New research shows that single-family housing may be decreasing while the rental market continues to grow. Many reports in the U.S. have shown that the rental market is increasing. A large amount of investors are betting on multifamily housing as many younger adults are choosing to rent due to job constraints and other financial factors. ... MORE
Freddie Mac’s Primary Mortgage Market Survey shows that average mortgage rates have increased from the previous week due to housing permits and starts. The recently released data states that 30-year fixed-rate mortgage increased .05% from last week, averaging 4.47%. The 15-year fixed-rate mortgage jumped 0.6%, averaging 3.51% last week. The housing market continues gradually gaining ... MORE
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