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Category Archives: Home Building
Share of Past Due Mortgages Continues to Decline
Providing more evidence that the housing market is returning to normal, the share of past-due residential mortgages declined in the third quarter to a seasonally adjusted rate of 6.5%, according to the Mortgage Bankers Association. Although this is the … Continue reading
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“It’s coming back,”
Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc. (A:US), said the U.S. housing market has made progress and still has a way to go in recovering. “It’s coming back,” Buffett, 83, said yesterday during an event at … Continue reading
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NAHB Approves Bylaws Amendment Regarding Local Association Leadership
Last week, the NAHB Board of Directors approved a Bylaws amendment authorizing Associate members to serve in any officer position within an affiliated local association, including president or chairman. This amendment only affects affiliated local associations and takes effect immediately. Whether … Continue reading
Posted in Home Building, Real Estate, Warranty Service
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BUSINESS TIP OF THE WEEK… Focus your sales process on helping prospects. Look at selling as simply doing everything you can to improve the customer’s current condition.
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SHUTDOWN SENSITIVE…
The federal government shut down last Tuesday after politicians were unable to agree on a budget by midnight Monday. This left investors sensitive to the melodrama coming out of Washington, sending stocks up and down. For the week, the Dow and … Continue reading
Posted in Home Building, Ping.fm, Real Estate, Warranty Service
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The Fed took the markets by surprise
The Fed took the markets by surprise last week when it announced it would NOT begin tapering its Treasury and mortgage bond buying. But this was just common sense. Since May, the Fed’s been hinting it could start tapering bond … Continue reading
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Multifamily Sector Booming
developers are building a lot of new apartments. But demand is more than strong enough to absorb the new supply, according to the latest from leading apartment analysts. “We are having a very stable recovery. Our fundamental look very positive, … Continue reading
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a great enterprise in the housing market
Last week’s small opportunity that could turn into a great enterprise in the housing market came from reports by a few real estate data firms. One observed that as home prices continue to increase, demand from move-up buyers does too. … Continue reading
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US construction spending up 0.6 percent in July
Spending on U.S. construction projects rose in July, led by strong gains in housing and nonresidential projects. Construction spending increased 0.6 percent in July compared with June when activity was unchanged, the Commerce Department reported Tuesday. The June performance represented … Continue reading
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U.S. home prices jumped 12.4
U.S. home prices jumped 12.4 percent in July from a year earlier, reflecting a housing market that’s increasingly favoring sellers amid a tight supply of available homes for sale. Real estate data provider CoreLogic said Tuesday that home prices in … Continue reading
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