Single-family housing starts rise to highest level in a decade

Single-family housing starts rise to highest level in a decade

In February 2016 single-family housing starts were at a seasonally-adjusted annual rate of 822,000 (Exhibit 2), a substantial year-over-over percent increase, but still well below what we’ll need to meet long-run housing demand.

"Single family starts continued their rise as well, as strong demand for owner-occupied housing spurs home construction activity." Privately-owned housing starts increased 25.5% in October, up from September’s revised estimate of 1.05 million to 1.32 million. This is also up 23.3% from last year’s 1.07 million.

Single-family housing starts rise to highest level in a decade. Housing starts plunged 40% in the Northeast to 87,000, the biggest drop in a year and were down 13% in the Midwest. The report shows a wide margin of error, with a 90% chance that the November figure on housing starts was between a 5.8% drop and a 12.4% gain.

 · It’s no secret a lack of inventory is making an impact on the housing market, but new reports show hope for a change. The U.S. Bureau of Labor Statistics and the U.S. Department of Housing and Urban development released its latest housing report showing that residential housing starts are on the rise at a 1.35 million pace, which is the highest they’ve been since 2007.

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Starts and Permits. Excel tables of total, single-family and multifamily housing starts by regions, states and the top 100 metropolitan areas. Learn more. Executive-Level Forecast: A monthly forecast of economic activity, inflation, interest rates and housing activity. This forecast also.

Refi mortgage application share rises above 50% Another option is to refinance is using your home equity through a home equity loan. Most consumers probably think of home equity loans as additional liens added to their property. However, you can use a home equity loan to refinance your first mortgage, a current home equity loan, or a home equity line of credit.Foreclosure activity is at the lowest level in over a decade Application volume is flat as refinance activity slows PrimeLending adds joint venture with Dallas homebuilder Reverse mortgage lender Live Well Financial laying off 103 workers Live Well Financial, Inc. halts mortgage lending. ocwen financial corp. – completed purchase of reverse mortgage lender liberty home Equity Solutions. Wells Fargo – laid off 87 mortgage workers in Raleigh Wells Fargo – cut 91 jobs in Fort Mill on soft refinance demand.Overuse of GSE tools in the private-label market adds risk: Moody’s Asset-Backed Alert :: Article List – Despite a steep drop in the supply of new structured products, industry professionals insist market conditions remain healthy by post-credit-crisis standards.According to Asset-Backed Alert’s ABS Database, $185.8 billion of asset-backed securities, collateralized loan obligations and residential and commercial mortgage bonds priced.Bolstered by a week-to-week drop in interest rates, mortgage loan application volume jumped 7.6 percent for[IMAGE] the week ending July 16, 2010, DSNews The homepage of the servicing industry.Foreclosure activity falls to lowest level since July 2006. RealtyTrac’s U.S. Foreclosure Market Report for February 2015 showed that there were foreclosure filings on 101,938 properties in the U.S. in February, which is a decrease of 4% from RealtyTrac’s revised January numbers and down 9%from a year ago to the lowest level since July 2006.

 · Single-Family Housing Starts Reach Highest Level Since November 2007 Filed in Economics by NAHB Now on March 16, 2016 5 comments nationwide housing starts rose 5.2% to a seasonally adjusted annual rate of 1.178 million units in February, according to newly released data from HUD and the Commerce Department.

Canada kicked off another multi-year record for housing starts last month. Canada Mortgage and Housing Corporation (CMHC) data shows a large increase for housing starts in June. The rise pushes new housing starts in large urban areas to the highest level in over a decade. Why Housing Starts Are.

U.S. housing starts reach highest level in over a decade Residential housing starts rose 5 percent month-over-month in May, the highest rate since June 2007, according to new statistics released Tuesday by the U.S. Bureau of Labor Statistics and the U.S. Department of Housing and Urban Development.

Housing starts in Sept. at highest level since June 1986 "Housing starts rebounded in September to their highest rate since June 1986 supported by the lowest mortgage interest rates since the.

Drop in mortgage rates hurts Impac, but may pay off later  · Impact of the federal funds rate on mortgages. The federal funds rate, and by extension banks’ prime rate, creates a benchmark for the cheapest available loans. But the relationship with mortgage interest rates is imperfect. From 2009 to 2015, as federal funds held constant, mortgage interest rates varied month-by-month.Protesters Demand GSE Principal Reduction Furious protesters attempted to disrupt Unisa normal services demanding Unisa principal Prof Mandla Makhanya to address them on Monday, January 18, 2016. Category Film & Animation

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