U.S. builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2017 with a reading of 71, up 12 points from the previous quarter. This is the highest reading since the inception of the index in 2008.
Nearly 1.4 million (1,367,793) U.S. residential properties (1 to 4 units) were vacant as of the end of the third quarter of 2017 -- representing 1.58 percent of all U.S. residential properties.
According to the National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October 2017. This was the highest reading since May 2017.
According to Zillow, nearly one in 20 residential ZIP codes in the U.S. meets the definition of a $1 Million Neighborhood, meaning at least 10 percent of the homes there are worth seven figures or more.
According to the National Association of Home Builders/First American Leading Markets Index, nearly 300 U.S. housing markets posted an increase in economic and housing activity.
According to new consumer spending analysis from the National Association of Home Builders, newly minted homeowners are helping drive a healthy U.S. economy. In their first year of ownership.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year fixed mortgage rate in the U.S. dropped to a new 2017 low in late June.
Mortgage applications for new home purchases increased 15 percent compared to May 2016. Compared to April 2017, applications increased by 4 percent relative to the previous month.
Renters are starting to look for cheaper housing options outside downtown cores, prompting rent payments to rise faster in the suburbs than in urban areas.
According to Zillow, first-time homebuyers in the U.S. will have better luck in the Southeast if they are looking for a more affordable home.
According to ATTOM Data Solutions' Q1 and March 2017 U.S. Foreclosure Market Report, which shows first quarter foreclosure activity was below pre-recession levels nationwide and in 102 out of 216 metropolitan statistical areas (47 percent) analyzed in the report.
The NAHB is reporting this week that U.S. home builder confidence in the market for newly-built single-family homes jumped six points to a level of 71 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Fueled by a growing economy, solid employment gains and rising household formations, single-family housing production in the U.S. will continue on a gradual, upward trajectory in 2017.
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.
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.
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.
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.
