The U.S. Census Bureau and the Department of Housing and Urban Development have released New Residential Construction statistics for November 2010. Housing Starts data estimates how much new residential real estate construction occurred in the previous month. New construction means digging has begun...
The U.S. Census Bureau and Department of Housing and Urban Development released statistics Wednesday on New Residential Construction for October 2010, covering building permits, housing starts, and housing completions. On a seasonally adjusted annual basis, 550,000 privately-owned housing units were...
The U.S. Census Bureau and the Department of Housing and Urban Development have released New Residential Construction statistics for September 2010. Housing Starts data estimates how much new residential real estate construction occurred in the previous month. New construction means digging has begun...
Naming a mortgage company is almost as important as naming your band. "The Noble 5" began in the mid-60's, but the members changed their name in 1970 to Lynyrd Skynyrd. The name was inspired by Leonard Skinner, their basketball coach and gym teacher who enforced rules against boys having long hair. Unfortunately...
Housing Starts improved 10.5% in August, again on the back of the multi-family market , which rose by 39,000 annualized units or 32%. Single-family starts grew by 18,000 or 4.3% in August. Building Permits moved 5.6% higher with single-family permits actually declining by 5,000 units while mutlifamily...
The bond market has experienced a huge "flight to safety" over the last seven days. This "flight to safety" has led mortgage rates to new lows. The economic calendar was quite busy this morning. First out was Housing Starts & Building Permits from the Department of Commerce. Housing...
The U.S. Census Bureau and the Department of Housing and Urban Development have released New Residential Construction statistics for July 2010. Housing Starts data estimates how much new residential real estate construction occurred in the previous month. New construction means digging has begun. Adding...
The U.S. Census Bureau and the Department of Housing and Urban Development today jointly released New Residential Construction survey statistics for June 2010. Housing Starts data estimates how much new residential real estate construction occurred in the previous month. New construction means digging...
Stock futures are lower and interest rates are rallying after several key earnings releases failed to impress the markets. Investing pessimism began to spread in after hours trading last night after IBM and Texas Instruments reported lower than expected top line revenue growth. Equity futures moved even...
Yesterday I wrote that mortgage rates were under pressure because stocks were rallying. Yes stocks were indeed on a winning streak, but the bond market hasn't done all that bad...all things considered. Don't get me wrong, mortgage rates are definitely higher than they were last week, but by pricing...