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....
April’s home sales level fell 4.1 percent from March and 4.5 percent from one year ago
April’s home sales level fell 4.1 percent from March and 4.5 percent from one year ago, according to the latest RE/MAX National Housing Report.   Forty-three of the 53 metro areas tracked by RE/MAX either recorded a decrease in year-over-year sales or remained unchanged. Among the 10 markets saw an... more
When it comes to financial confidence, urban residents are much more jittery about their monetary health than their suburban or rural counterparts
When it comes to financial confidence, urban residents are much more jittery about their monetary health than their suburban or rural counterparts, according to NeighborWorks America’s fourth annual consumer finance survey. In a recent poll of 1,000 adults, NeighborWorks America found 31 percent of... more
Single-family housing starts in April were at a rate of 835,000, which is 0.4 percent above the revised March figure of 832,000
Single-family housing starts in April were at a rate of 835,000, which is 0.4 percent above the revised March figure of 832,000, according to data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Privately-owned housing starts in April were at a seasonally... more
Consumer credit defaults on first and second mortgages dropped in April, according to data released by the S&P/Experian Consumer Credit Default Indices
Consumer credit defaults on first and second mortgages dropped in April, according to data released by the S&P/Experian Consumer Credit Default Indices.   The default rate on first mortgages fell from 0.75 percent in March to 0.69 percent in April; on a year-over-year basis, the default rate... more