The National Association of Home Builders' chairman Greg Ugalde issued the following statement after this yesterday's House and Ways Means Committee hearing in Washington DC on US-China trade:
U.S. housing starts fell 11.2 percent in December 2018 to a seasonally adjusted annual rate of 1.08 million units. Multifamily starts also fell 20.4 percent to a seasonally adjusted annual rate of 320,000 units.
Based on new research by Zillow, prospective homebuyers in Miami and the New York metro area can expect more favorable conditions than those in most other major U.S. housing markets.
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending February 22, 2019, mortgage applications increased 5.3 percent from one week earlier.
According to a new survey recently released from the National Association of Home Builders, laundry rooms and energy-saving features such as Energy Star appliances, windows and whole house certification are among the most wanted home features.
Based on results from the National Association of Homebuilder's latest Multifamily Market Survey, confidence in the market for new multifamily housing weakened slightly in the fourth quarter of 2018.
Sales of new single-family homes fell 8 percent year over year in January 2019, the fifth consecutive month of year-over-year declines in new-home sales. But the size of the drop was smaller than in December in all regions except the West.
According to the Miami Association of Realtors, Broward County Florida (Greater Ft. Lauderdale MSA) luxury condominium sales and median prices for all properties increased in January 2019.
According to the National Association of Realtors, existing-home sales in the U.S. experienced a dip for the third consecutive month in January 2019. Of the four major U.S. regions, only the Northeast saw an uptick in sales activity last month.
Despite nearly 1 billion square feet of new inventory delivered in the past three years, there was no slowing down the U.S. industrial market in the fourth quarter of 2018.
Housing demand in California remained subdued for the ninth consecutive month in January 2019 as economic and market uncertainties sent home sales to their lowest level since April 2008.
Mounting housing affordability concerns in the U.S. coupled with supply-side constraints will limit single-family output to modest gains in 2019.
Thirty one percent of Australian development sites in 2018 were bought by Chinese developers who purchased $1.3 billion worth of Australian residential development sites in 2018. This figure was down from $2.02 billion in 2017, or one-third of all site sales.
A modest increase in interest rates offset a slight decline in home prices to keep housing affordability essentially level in the fourth quarter of 2018 and still hovering at a 10-year low.
After falling for nearly four consecutive years, housing inventory has turned a corner, growing on an annual basis in four of the past five months. U.S. for-sale home inventory grew 1.2 percent year-over-year.
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.06 percent of all loans outstanding at the end of the fourth quarter of 2018.
On the heels of Amazon's surprise announcement to cancel its plan to build a new headquarters facility in New York's Long Island City due to Democratic political opposition, both the local real estate market and the Governor's office were stunned.