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CONSTRUCTION EMPLOYMENT INCREASES IN 232 OF 358 METRO AREAS FROM JULY 2023 TO JULY...
Houston-The Woodlands-Sugar Land, Texas and Anchorage, Alaska Have Highest Number and Percentage of Year-over-Year
NATIONAL MEDIA TAKES NOTICE OF UNINTENDED CONSEQUENCES OF NEW REAL ESTATE COMMISSION RULES
The national media is raising awareness of the threat to African American real estate professionals posed by changes to the structuring of commissions paid to agents working on behalf of buyers in home sale transactions. The changes, negotiated in a proposed settlement of a Missouri lawsuit, are upsetting the industry and creating an unsettling environment for Black agents and minority home buyers.
“Rent Caps don’t work and will have a chilling effect on housing supply” says...
The National Housing Conference’s (NHC) President and CEO David M. Dworkin released the following statement in response to the Administration’s planned announcement of mandatory rent
Nearly 90% of Metro Areas Registered Home Price Gains in Second Quarter of 2024
Almost 90% of metro markets (199 out of 223, or 89%) recorded home price gains in the second quarter of 2024, as the 30-year fixed mortgage rate ranged from 6.82% to 7.22%, according to
Multifamily Lending Declined 49 Percent to $246 Billion in 2023
In 2023, 2,520 different multifamily lenders provided a total of $246.2 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association’s
Builder Confidence Moves Lower as Market Waits for Rate Cuts
A lack of affordability and buyer hesitation stemming from elevated interest rates and high home prices contributed to a decline in builder sentiment in August. Builder confidence in the
Mortgage Credit Availability Increased in July
Mortgage credit availability increased in July according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The MCAI rose by 3.3 percent
NAREB ANNOUNCES THE PRESTIGIOUS WINNERS OF THE TOP 100 BLACKS IN REAL ESTATE AWARDS
The National Association of Real Estate Brokers (NAREB) announced the Top 100 Black real estate professionals at an elegant “En Blanc Soirée” celebration at their 76th Annual Convention. The event, a glamorous evening of celebration and recognition, honored awardees, who collectively produced $4.7 billion in transactions in 2023 for their excellence in real estate sales.
Costly Energy Codes and Rent Caps Will Harm Housing Affordability, NAHB Tells Congress
The National Association of Home Builders (NAHB) called on Congress today to address two key policies that will notably escalate costs for home buyers and renters: the federal push to
State Farm and Habitat for Humanity International continue national partnership
State Farm announced today it is continuing its national partnership with Habitat for Humanity International. Through the partnership this year, the company is awarding $820,000 in grant
CONSTRUCTION SPENDING SLIDES 0.3 PERCENT IN JUNE AS DROP IN HOMEBUILDING AND MAJOR PUBLIC...
Construction Spending Dropped to a Seasonally Adjusted Annual Rate of$2.148 trillion in June as Construction Officials Urge Biden
Pending Home Sales Rose 4.8% in June
Pending home sales in June ascended 4.8%, according to the National Association of REALTORS®. All four U.S. regions posted monthly gains in transactions. Year-over-year, the Northeast, Midwest and South registered declines, while the West increased.
Home Equity Lending Volume Stays Relatively Flat in 2023, Debt Outstanding Increases
Total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased in 2023 by 1.5 percent compared to the previous year, while debt
New Home Sales Soft in June as Mortgage Rates Remain Near 7%
Elevated mortgage rates continue to keep buyers on hold, as new home sales remained relatively flat in June. Sales of newly built, single-family homes in June fell 0.6% to a 617,000 seasonally
CONSTRUCTION EMPLOYMENT INCREASES IN 215 OF 358 METRO AREAS FROM JUNE 2023 TO JUNE...
Houston-The Woodlands-Sugar Land, Texas and Lawton, Okla. Experience Highest Number and Percentage of Year-over-Year Job
Capital Impact Partners Launches Free Training Program for Atlanta’s Emerging Real Estate Developers
A new program will help Atlanta’s emerging real estate developers overcome the systemic obstacles that have prevented them from
New Hawaii Law Will Protect Homebuyers from Predatory Contracts
The American Land Title Association (ALTA), the national trade association of the land title insurance industry, AARP and the Hawai‘i Land Title Association (HLTA) applaud the Hawai‘i
Existing-Home Sales Slipped 5.4% in June; Median Sales Price Jumps to Record High of...
Existing-home sales fell in June as the median sales price climbed to the highest price ever recorded for the second consecutive month, according to the National Association of REALTORS®. All
June New Home Purchase Mortgage Applications Increased 0.7 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for June 2024 shows mortgage applications for new home purchases increased 0.7 percent compared from a year
Single-Family Starts Weaken in June
Elevated interest rates for home mortgages and construction and development loans kept single-family production and demand in check during June. Overall housing starts increased 3.0% in June to a seasonally adjusted annual rate of 1.35 million units
