Industry News
December 16, 2010
Privately-owned housing starts in November were at a seasonally adjusted annual rate of 555,000 — 3.9 percent above the revised October estimate, according to the Commerce Dept. The single-family market fared even better, rising 6.9 percent last...
December 15, 2010
Builder confidence in new single-family homes remained flat in December, according to the National Association of Homebuilders (NAHB)/Wells Fargo Housing Market Index. The index remained at 16, the same as in November.
December 15, 2010
New congressional report says program will fall well short of original target
December 14, 2010
The number of residential properties with mortgages in negative equity in the U.S. dropped in the third quarter of 2010, marking the third quarter in a row the rate has decreased. CoreLogic reported that 10.8 million, or 22.5 percent, of residential...
December 13, 2010
Foreclosures are expected to peak in 2011, but the long-term forecast is improving, according to a report by the Wall Street Journal. According to Rick Sharga of RealtyTrac, an online marketplace for foreclosed properties, the number of foreclosures...
December 10, 2010
Bank of America Corp. announced that it restarted nearly 16,000 foreclosure cases last week, according to a report by the Wall Street Journal. The bank’s foreclosure attorneys prepared 7,800 new affidavits for cases in states the require court...
December 10, 2010
The residential market’s “shadow inventory” is up more than 10 percent from a year ago, according to real-estate research firm CoreLogic. That puts overall inventory at more than 6.3 million unsold homes on the market, nearly a third of which are so...
December 10, 2010
Housing affordability remained near its highest level nationwide for the seventh consecutive quarter
December 9, 2010
One Florida family is getting a special present this Christmas: a new, four-bedroom, eco-friendly home, TCPalm.com reported.
December 9, 2010
Luxury home builder Toll Brothers said its new contracts fell 27 percent in its most recent quarter compared to a year ago, The New York Times reported. The company reported a $50.5 million profit, but noted that demand remained erratic.
December 9, 2010
Foreclosed homes have been selling at a substantial discount, averaging 32 percent less than homes not in foreclosure in the third quarter. In Ohio, that gap was even larger, where foreclosures were 45 percent below non-foreclosure sales.
December 9, 2010
The mess of foreclosure documentation over the past few months has underscored the need for national standards for the mortgage industry, Federal Governor Daniel Tarullo said at a Senate Banking Committee hearing.
December 9, 2010
Rates on fixed-rate home mortgages rose for the third straight week after economic data suggested the economy is getting stronger, The Wall Street Journal reported.
December 9, 2010
Under the government’s proposed budget overhaul, Americans who sell their homes at a profit would be hit with much higher taxes. Although President Obama’s deficit commission failed to get the necessary votes, one proposal is to tax capital gains...
December 9, 2010
IHS Global, a firm specializing in economic and financial information, predicts that construction spending in 2011 will be flat, according to its Fourth Quarter U.S. Construction Briefing. Although overall spending fell 8.3 percent in 2010, the...
December 9, 2010
Bill Saint and Doug Dozier, former executives with recently shuttered Simonini Builders, have launched a Charlotte-area luxury home building company that will take over where their former employer left off — building custom homes in two former...
December 8, 2010
Nearly half (49 percent) of U.S. adults are at least somewhat likely to consider purchasing a foreclosed property, up from 45 percent in May 2010, according to the latest results of an ongoing survey tracking homebuyers' attitudes toward foreclosed...
December 8, 2010
Americans continue to grapple with uncertainty about the housing market, with 58 percent of U.S. adults expecting recovery to take at least another two years, according to the latest results of an ongoing survey tracking homebuyers' attitudes toward...
December 7, 2010
Data from real-estate brokerage firm ZipRealty Inc. showed that the number of homes for sale declined by 3.8 percent in November in 26 major metropolitan areas, the Wall Street Journal reported. The information covers single-family homes, condos and...
December 7, 2010
America’s 10 largest publicly traded home builders have started to improve their policies and practices relating to the environment and resources, but much progress remains to be achieved, according to a new study by Calvert Investments, a...
