Pent-Up Demand in Housing Market

After the financial crisis, many college graduates moved back in with their parents and unemployed and underemployed relatives were forced to bunk with their family members. As the economy seemingly recovers, analysts wonder what will happen when this population starts looking for a place to live. A report by Dr.…

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U.S. Home Construction Up 4.4% in December

The U.S. Commerce Department released the home-construction report. U.S. home construction is up 4.4% in December. The New York Times reports that home construction rose 8.8% in the South, 5.8% in the West and 12.5% in the Northeast and declined 13.3% in the…

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Home Builder Sentiment Up in November...But Home Sales Disagree

The NAHB homebuilder sentiment went from 54 in October to 58 in November. This November matches the second-highest level hit since 2005. Reuters reports, “November marked the fifth straight month with a reading above 50, which marks the threshold where more builders view market conditions as favorable than poor.” Unemployment…

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Rentals Up in September

Happy Hump Day! Here is your industry update: Housing starts were up in September by 6.3% to a seasonally adjusted annual rate of 1.017 million homes. Most of these gains came from apartment building construction. Apartment building construction has gone up by 18.5% after having plummeted in…

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