Housing Starts Up To Pre-Recession Level U.S. builders started work on single family homes last month at the fastest pace since the Great Recession began in late 2007. Housing starts in August rose 0.2 percent to a seasonally adjusted annual rate of 1.21 million homes, the Commerce Department said Tuesday. Construction of single-family houses accounted for all of
Pending Home Sales Rise to Highest Level in Nine Years The National Association of Realtors (NAR) recently reported in their Pending Home Sales Index (PHSI) that pending home sales increased in April for the fourth consecutive month and reached their highest peak in nine years. All four major regions saw growth in April, led by
Freddie Mac Advises Buyers to Move Quickly Freddie Mac recently cited a number of favorable opportunities for the housing sector but stressed the need for consumers and businesses to take advantage of them sooner rather than later – they may be limited. According to Freddie Mac’s January 2015 U.S. Economic and Housing Market Outlook, one
2014 Housing Review: Market Gains Predicted for 2015 This year demonstrated a steady build-up of housing momentum that is expected to carry the market into 2015 gains, according to a realtor.com report released last week. The 2014 Housing Review includes the top 10 real estate trends in 2014, pointing to significant improvements in the U.S.
Florida Makes the List of Most Upbeat Price Expectations for Housing in 2015! With rising inventory and modest expectations of demand growth, REALTORS® responding to the October 2014 survey expected home prices to increase modestly in the next 12 months, according to data gathered from the October 2014 REALTORS® Confidence Index Survey. Local conditions vary
Economic Growth in 2015! Despite slower economic growth in recent months following a strong showing in mid-2014, Fannie Mae’s Economic and Strategic Research Group said in a recent report that it still expects 2015 to be a slightly better year overall economically in the U.S. The group’s current forecast was based on continued improvements in employment,