Trends

For the first time in nearly six years, the Multifamily Production Index (MPI) released by the National Association of Home Builders (NAHB) fell below the 50-mark
For the first time in nearly six years, the Multifamily Production Index (MPI) released by the National Association of Home Builders (NAHB) fell below the 50-mark.   In the first quarter, the MPI took a seven-point fall to 48. The last time the MPI went below 50 was in the fourth quarter of 2011.... Keep Reading....
Total existing-home sales took a 2.3 percent drop last month to a seasonally adjusted annual rate of 5.57 million from the downwardly revised 5.70 million in March
Total existing-home sales took a 2.3 percent drop last month to a seasonally adjusted annual rate of 5.57 million from the downwardly revised 5.70 million in March, according to new data from the National Association of Realtors (NAR). On a year-over-year-basis, sales were up by 1.6 percent.   The... more
The Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 19 found the Market Composite Index up by 4.4 percent
The Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending May 19 found the Market Composite Index up by 4.4 percent on a seasonally adjusted basis and up three percent on an unadjusted basis. The seasonally adjusted Purchase Index dipped by one percent from one week... more
Two new data reports offer a somewhat dreary view of current and potential home sales
Two new data reports offer a somewhat dreary view of current and potential home sales.   Sales of new single-family houses during April were at a seasonally adjusted annual rate of 569,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development... more
When it comes to apartment development construction, three states have dominated the national scene since 2010
When it comes to apartment development construction, three states have dominated the national scene since 2010.   According to new data released by RENTCafé, all of the markets in the company’s new top 10 list of apartment development were either in New York, California or Texas. Half of the top 10... more