Housing & Construction

NAHB urged the lawmakers to take a balanced approach in disposing of the large inventory of real estate owned (REO) properties held by Fannie Mae, Freddie Mac and the Federal Housing Administration.

 

In August, housing starts fell 5.0 percent to a 571,000-unit pace, however, building permits rose 3.2 percent and are up 7.8 percent on a year-ago basis.

 

Sales of existing homes increased 7.7 percent in August to an annualized rate of 5.03 million units.

On the heels of a period of weakness in design activity, the Architecture Billings Index (ABI) took a sudden upturn in August.

The improving construction debt market offers yet another indication of just how quickly the lending industry has moved from fear to exuberance.

Multifamily finance professionals are growing increasingly optimistic, budgeting for continued growth in 2012 as the industry plots its course through the early stages of a strong recovery.

Today was another great day at the build sites! In the evening, we celebrated with the first official BCMC Build 5K Run/Walk.

BCMC Build is off to a great, albeit wet and muddy, start. Get the latest update.

New Strategist Publications' Cheryl Russell notes that U.S. households grew by 1 million between 2010 and 2011, "the largest [increase] since 2006-07 and more than three times as great as the increase between 2009-10."

 

NAHB's Multifamily Production Index (MPI) rose for a fourth consecutive quarter in the April-June period of this year, according to newly released figures on Sept. 8.