While outstanding HELOC balances have plummeted nationwide since 2009, data shows for the most part they are declining only at the 20 largest financial institutions.
Read More »Share of SFR Built-for-Rent Homes Remains Low
Despite the booming popularity of the single-family rental market, the share of homes being built specifically for rental purposes is still just a small piece of the housing market.
Read More »Mixed Economic, Housing Data Cast Doubt on Fed Liftoff
The Bureau of Labor Statistics’ stellar October employment summary, which reported 271,000 jobs added during the month, is believed by many to be sufficient economic improvement for the Fed to finally raise rates. That October employment summary many not be so rosy after digging a little deeper into the data, Crowe said.
Read More »Rise in Rental Stock Indicates Growing Popularity of SFR Market
The mortgage industry has recognized the growing popularity of the single-family rental market. This week at the 2015 Five Star Conference and Expo in Dallas will include the inaugural Single-Family Rental Lab, and Five Star will host the inaugural Single-Family Rental Summit in Las Vegas from October 11 to 13.
Read More »Economic and Job Growth Pushing Housing Slowly Toward ‘Normal’ Levels
Although this increase may seem marginal, this one point rise up places the market closer to the one point goal, indicating that it has returned to normal. In addition, 66 percent of markets have shown improvement year-over-year.
Read More »New and Existing Home Sales Trending Upward Despite Monthly Declines
Sales of new single-family homes rose 18 percent year-over-year in June with a seasonally adjusted annual rate of 482,000 compared to June 2014's pace of 408,000, according to the survey.
Read More »Data Shows April Was Prosperous For Housing
In the NAHB's Eye on Housing blog, Crowe cited a number of positive housing statistics that indicate that April was a prosperous month for the industry in spite of the U.S. economy contracting at an annualized rate of minus 7 percent in Q1. The lack of economic growth in Q1 did nothing to damper economists' predictions about housing recovery for 2015, however, largely because of strong April numbers.
Read More »Housing Affordability Is Up As National Homeownership Month Begins
The latest NAHB/Wells Fargo Housing Opportunity Index released in mid-May reports that about two-thirds of new and existing homes sold in the first quarter of 2015 were affordable to families that earned $65,800, which is the U.S. median yearly income, according to NAHB
Read More »Single-Family Built-for-Rent Market Higher than Historical Average, but Still Below Peak
The market share for built-for-rent homes increased following the financial crisis of 2008, despite a share higher than the historical average in Q1, the total numbers overall are low. This particular measure includes only single-family homes that are built and rented out; it does not include homes that are sold to another party to rent.
Read More »Spring Gains Mean Good News For Housing Moving Forward
Despite the gains for the housing market this spring, the Census Bureau reported that homeownership nationwide had fallen to 63.7 percent in Q1, its lowest level since the 1990s, with ongoing declines happening primarily among households under age 45.
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