More than 103 million Americans--the most on record--are expected to travel for the year-end holidays. This represents a 1.5 percent increase.
Existing-home sales in the U.S. are forecast to muster only a small gain in 2017 because of increasing mortgage rates and shrinking consumer confidence that now is a good time to buy a home.
According to the Mortgage Bankers Association's Commercial/Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter of 2016.
Led by impressive gains in both single-family and multifamily production, nationwide U.S. housing starts surged 25.5 percent in October 2016 to a seasonally adjusted annual rate of 1.32 million units.
The National Association of Home Builders is reporting this week that U.S. builder confidence in the market for newly built single-family homes held steady in November 2016.
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased 14 basis points to a seasonally adjusted rate of 4.52 percent of all loans outstanding at the end of the third quarter of 2016.
The Baird/STR Hotel Stock Index decreased 0.8% in October 2016 to close the month at 3,108. Year to date, the index remains up 0.4%. Hotel stocks outperformed in October amid low investor expectations and rising interest rates.
Millennials entering their prime homebuying years, rising household formation, and continued job gains boosting overall demand are expected to be behind the slight increase in existing-home sales in 2017.
According to the Mortgage Bankers Association's Builder Application Survey for September 2016, U.S. mortgage applications for new home purchases increased 3 percent relative to September 2015.
Workspace Property Trust announced last week the purchase of 108 office and flex buildings, plus 26.7 acres of land, in five markets from Liberty Property Trust for approximately $969 million.
According to CoreLogic's August 2016 National Foreclosure Report , U.S. home foreclosure inventory declined by 29.6 percent and completed foreclosures declined by 42.4 percent compared with August 2015.
The potential exposure to residential property damage from hurricane-driven storm surge flooding is very significant as Hurricane Matthew makes its way toward the U.S. Atlantic Coast today.
According to CoreLogic, distressed home sales in the U.S., which include REO and short sales, accounted for 7.8 percent of total home sales nationally in June 2016.
the level of commercial and multifamily mortgage debt outstanding increased by $39.9 billion in the second quarter of 2016, as three of the four major investor groups increased their holdings.
According to a forward-looking housing barometer report released this week by Nationwide, U.S. home prices nationally have risen significantly since the 2008 mortgage crisis, but "healthy fundamentals" in the majority of local housing markets signify that another housing bubble isn't imminent.
Nearly 1.4 million (1,361,188) U.S. residential properties (1 to 4 units) representing 1.6 percent of all residential properties were vacant as of the end of Q3 2016..
STR is reporting this week that their Baird/STR Hotel Stock Index increased 0.9% in August to close the month at 3,349. Year to date, the index is up 8.2%. The Hotel Brand sub-index reported a 1.5% increase to 4,366 in August.