Kitchen and bath dealers remain undeterred following a challenging quarter across various industry market conditions, including showroom visits, sales volumes, remodeling budgets, and revenue. The NKBA Kitchen & Bath Market Index, which forecasts the confidence of kitchen and bath dealers on a scale of -60 to +60, is +21 for Q3 2011.
The Obama administration is considering further actions to strengthen the housing market, but the bar is high.
Foreclosures made up roughly one-third of all home sales this spring. While that's a smaller share of sales from the previous quarter, it's six times the percentage of foreclosures in a healthy housing market.
Multifamily rentals are still booming, with apartment landlords among the only commercial property owners able to sign new tenants amid the sluggish economy.
According to John Burns Real Estate Consulting, housing prices are returning to conditions of earlier years in some parts of the country, including Atlanta, Las Vegas, and Oakland.
Home prices have dropped so dramatically and demand for rental units has increased so much that it's now cheaper to buy a two-bedroom home than to rent one in most major U.S. cities.
The blog 24/7 Wall St. examined the number of new housing permits for the first half of the year to find the states with the lowest demand for new homes. New York, Michigan, and Illinois all made the top 10. Find out which state had the lowest percentage of new housing permits.
Barely ahead of last year's record low, though, according to Commerce Department
College towns can be good places to buy rental properties. Housing demand is generally high, vacancy rates are low, and rental prices are on the rise. Move Inc. highlighted 10 college towns where it could pay off to invest in a rental property.
Builders in the 55+ housing market are significantly more optimistic about production and demand for multi-family rental units than they are for sales of single-family homes or multi-family condos.