Yearly Archives: 2017

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today jointly announced the following new residential sales statistics for October 2017. Sales of new single-family houses in October 2017 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly today by the Department of Housing and Urban Development and the U.S. Census Bureau.

Sales of newly built, single-family homes in October rose 6.2 percent to a seasonally adjusted annual rate of 685,000 units from a downwardly revised September reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest sales pace since October 2007. Year-to-date, new home sales are 8.9 percent above their level over the same period last year

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has completed the sale of a single-tenant corporate MedExpress urgent healthcare center located at the intersection of Columbia Avenue and Capital Avenue in Battle Creek, Michigan. The purchase price was $1,815,000.

The U.S. Environmental Protection Agency (EPA) is working with the U.S. Army Corps of Engineers, the government of Puerto Rico and municipalities, as well as residents, to protect people and prevent hazardous materials from reaching landfills.

The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Discover Clothing sale leaseback property located at 15645 South LaGrange Road in Orland Park, Illinois for $4,307,000.

The office of Congresswoman Eleanor Holmes Norton (D-DC) announced that the Republican Senate fiscal year 2018 District of Columbia appropriations bill does not contain any anti-home-rule riders, exempts D.C. from a shutdown in fiscal year 2019, and provides funds for many of Norton’s legislative priorities. Unlike in past years, the bill was released by the Senate Appropriations Committee before being marked up by the committee, likely signaling the committee will not mark up the bill and it instead will be used as the basis for negotiations with the House on any final spending bill.

The U.S. Environmental Protection Agency has awarded $14,715,000 in Clean Water and Drinking Water state revolving loan (SRF) funding to the North Dakota Department of Health to support key water infrastructure projects, including new and upgraded wastewater and drinking water plants to ensure clean drinking and surface water, better serve residents, increase efficiency and reduce pollution.

Existing-home sales increased in October to their strongest pace since earlier this summer, but continual supply shortages led to fewer closings on an annual basis for the second straight month, according to the National Association of Realtors®

According to a report released today by Associated Builders and Contractors (ABC), the private construction industry’s value added as a percentage of the nation’s real gross domestic product (GDP) rose to 4 percent in 2016, the highest level since 2009. The report also shows annual growth in real construction spending, which rose 3.5 percent in 2016.

The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), dropped 10 points to 46 in the third quarter of 2017. This is the lowest reading since the second quarter of 2011.

Approximately 20 million Black veterans are eligible to use their G.I. benefits to purchase homes, but may not be aware that homeownership remains the best avenue to begin building wealth. The National Association of Real Estate Brokers (NAREB), the country’s oldest, minority real estate trade group is hosting, nationwide, Homeownership for Veterans events to encourage Black veterans to learn more about the homebuying process and how to take advantage of their G.I. benefits.

NRP-West, CBRE’s West Coast Retail Institutional Group team led by CBRE Executive Vice President, Philip D. Voorhees, announced today the release of its iOS and Android mobile app. “At this dynamic stage of the real estate cycle, the NRP-West team continues to employ a systematic, proprietary database-driven marketing approach to reach the widest array of potential investors,” said Voorhees.

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, has completed the sale of a recently renovated 44,864-square-foot single-tenant retail property occupied by Planet Fitness. The property is located approximately 13 miles from downtown St. Louis in Crestwood, Missouri. The price could not be disclosed.

DCHFA is opening its doors on Thanksgiving Day to distribute 200 dinners to at risk, homeless families and/or individuals in need of a meal. Dinner will be served by DCHFA staff members and their families who are giving up a part of their Thanksgiving holiday to ensure that others in the community are fed.

Mayor Muriel Bowser and Department of Human Services (DHS) Director Laura Zeilinger announced Home for the Holidays, a citywide campaign to place 400 of the District’s most vulnerable households into permanent housing during the holiday season. The Mayor made the announcement at a lease-agreement signing between landlord and tenant, standing alongside a District resident as she signed the lease for her family’s new home

Forty-one states added construction jobs between October 2016 and October 2017, while 26 states added construction jobs between September and October, continuing a pattern of widespread but uneven growth in industry employment, according to an analysis by the Associated General Contractors of America of Labor Department data released today.  The association’s chief economist suggested that recent job gains would have been more widespread if enough qualified workers were available.

On Monday, November 20, at 10:30 am., Mayor Muriel Bowser will officially launch “Home for the Holidays,” a city-wide effort to place 400 of the District’s most vulnerable households in permanent housing during the holiday season. DC Department of Human Services (DHS) soft launched the initiative through social media and landlord outreach on November 15, 2017. This targeted campaign will run through January 15, 2018. According to the 2017 Point-in-Time Count, nearly 7,000 DC residents do not have a place to call home.