According to new research from the Up for Growth National Coalition, ECONorthwest, and Holland Government Affairs, from 2000 to 2015, the U.S. fell 7.3 million units short of meeting housing demand.
Independent mortgage banks and mortgage subsidiaries of chartered banks in the U.S. made an average profit of $711 on each loan they originated in 2017, down from $1,346 per loan in 2016.
According the National Association of Home Builders, U.S. builder confidence in the market for newly built single-family homes edged down one point to a level of 69 in April 2018 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Mortgage applications for new home purchases in the U.S. decreased 2.6 percent compared to March 2017. Compared to February 2018, applications increased by 14 percent.
Over 64 million Americans live in multigenerational households, which is based on a report by the Pew Research Center, Washington, D.C.
According to Zillow, U.S. home values have been appreciating more per working hour than local minimum wage pays in about half of the nation's 50 largest cities.
Local home prices rose again in March 2018 while the local housing supply stayed tight. Median price for existing single-family homes sold in Southern Nevada during March was $280,000.
ATTOM Data Solutions released this week its 2017 property tax analysis for more than 86 million U.S. single family homes, which shows that property taxes levied on single family homes in 2017 totaled $293.4 billion
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending March 30, 2018, U.S. mortgage applications decreased 3.3 percent from one week earlier.
Based on new construction employment analysis from the National Association of Home Builders, over 9.8 million people worked in the U.S. construction industry in 2016, and more than 3.8 million of them worked in residential construction.
Median home prices in Q1 2018 were not affordable for average wage earners in 304 of 446 U.S. counties analyzed in the report (68 percent).
According to recent data from the Census Bureau, millennials are increasingly entering the housing market as first-time buyers, as the U.S. housing industry celebrates New Homes Month in April 2018.
The National Multifamily Housing Council and National Apartment Association issued the following statement on passage of the Omnibus Spending Bill this past week.
This represents the lowest level of homebuyer demand in 11 months and the largest month-over-month decline on record for the Demand Index, for which Redfin has data going back to January 2013.
Orlando's median home price rose 10 percent in February 2018 when compared to February 2017, while sales held steady with a 1 percent increase. Inventory declined by nearly 9 percent compared to this time last year.
Independent mortgage banks and mortgage subsidiaries of chartered banks in the U.S. reported a net gain of $237 on each loan they originated in the fourth quarter of 2017, down from a reported gain of $929 per loan in the third quarter of 2017.
Residential median rent across the nation is accelerating at its fastest pace in 21 months. Over the past year, the median rent in the U.S. rose 2.8 percent to a Zillow Rent Index (ZRI) of $1,445.