Economic

Credit Now Flowing Freely for Multifamily Builders

They are not lending much to home buyers, and they're lending even less to single-family home builders, but banks are doling out big money to apartment developers.

Real Estate Indicators Point to Strong Fall Housing Rebound

 The latest Redfin data on broker activity shows that demand rebounded last month after a market-wide drop in homes for sale and new listings put a damper on home searches in August.

32% Plunge in Multifamily Leads to August Housing Decline

Led by a steep 31.7% decline in multifamily production, nationwide housing starts fell 14.4% to a seasonally adjusted annual rate of 956,000 units in August.

Top 15 Fastest-Growing New Home Markets

Metrostudy does a 100% count within markets across the country of move-ins into newly-built homes.  This is a powerful and reliable measure of end-user demand.

Economists Predict Housing Will Begin Driving Growth

Housing and business capital spending, two areas closely tied to swings in the world’s largest economy, are poised to diverge as home construction gives growth more of a boost in the long run.

Lumber Prices Climb on Heels of Strong Housing Reports

Lumber, which is closely tied to the construction industry, has been rising with the restrengthening housing market, reaching a five-month high Friday at $355 per thousand board feet.

Alexander Lumber Hires Former ProBuild Sr. VP as CEO

Alexander Lumber, a lumber dealer with 20 yards across the U.S., today announced the hiring of Russ Kathrein as its new CEO.

Top 10 Markets for New Residential Construction

Housing starts numbers out today surprised many observers with its strength (+15.7%), but we find it to have been in line with our actual counts, released earlier this month. As we predicted, last month’s Census estimate was revised upward, and now the numbers are back in line with the trends revealed by the Metrostudy roll-ups.

Housing Starts Rebound Sharply in July

After a disappointing June report, housing starts rebounded to an annual rate of 1.093 million for a 15.7% increase over the upwardly revised June level.

US Economic Expansion Predicted to Last 2 More Years

After a puzzling first-quarter contraction, growth has returned, though the recovery remains the weakest since the second world war.