Construction authorizations for single-family homes continue falling

Permits, a proxy for future construction, slumped 1.7% to a 1.27 million rate. Both figures missed estimates. The drop signals developers continue. rivers. single-family starts fell 0.4%, with.

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New Home Size Continues to Fall | Eye On Housing – New Home Size Continues to Fall By Robert Dietz on February 19, 2018 (). After increasing and leveling off in recent years, new single-family home size continued to decline during the final quarter of 2017.

Sales of new and existing single-family homes fell. low interest rates and falling home prices made for a buyer’s market. For the market overall, affordability remains favorable though the.

What happened: Builders broke ground on about the same number of homes in March as in February, but the pace of construction is running well below last year’s.The March tally was a whopping 14.2.

Wells Fargo cements DeVito’s role as head of home lending Ocwen’s 1Q loss due to lower interest rates affecting its MSRs Statements regarding our expectations about nonperforming loans and net charge-offs, net interest margin, and the impacts of legislative and regulatory changes are forward-looking statements. Also, any statement that does not describe historical or current facts, is a forward-looking statement.JPMorgan Chase, Wells Fargo. a home they would want and must instead rent. In most areas – and without adjusting for inflation – home prices nationally are at or above what they were in 2008. The.

Homebuilders pulled 2,340 permits for single-family homes in the four-county region last year. clearing out inventory and reigniting job-generating home construction.” The Sacramento region had.

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The number of homes sold also rose by 4.1 percent during that period. [History meets change in Alexandria’s Braddock Road neighborhood] The price range with the most listings of single-family..

Growing affordability concerns resulted in builder confidence in the market for newly-built single-family homes falling eight points to 60 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Despite the sharp drop, builder sentiment still remains in positive territory.

Construction authorizations for single-family homes continue falling. Sales of single-family homes and condominium and co-op units both dropped 3.4% from the prior month. At the current pace, it would take 4.4 months to sell the homes on the market, compared with 4.3 months a year earlier.

 · Home remodeling continues to increase as Baby Boomers age in place and even Gen Xers opt to improve their current home rather than trade.

WASHINGTON (Sputnik) – US residential construction projects that started in January declined because demand for single-family homes froze at a rate of 6.7 percent lower than in December, according to a US Department of Commerce report issued on Wednesday.

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Construction authorizations for single family homes continue falling steady interest rates could lift the housing market going forward, but for now there is an ongoing slump in single-family home construction authorizations along with maintenance and remodeling activity, according to BuildFax.