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Business Outlook Archive


Mortgage Purchase Applications Dip

Mortgage applications decreased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 4, 2014. ...


Metropolitan Markets Move Forward

The April NAHB/First American Leading Market Index rose one point to .88 from .87 in March. The index measures how close individual markets and the US market are relative to their last normal market activity. A total of 153 markets or about ...


Positive Signs Crop Up Heading into Spring Homebuying Season

Recent month-to-month volatility in the housing market has softened the ongoing recovery. However, the majority of the Fannie Mae National Housing Survey indicators on consumer attitudes have continued to move in a positive direction during the past year, which may portend a ...


Fears about Mortgage Rate Increases Harming the Market Are Unfounded

We see it any time interest rates start creeping up: big, bold news headlines declaring that the housing market is headed for trouble. When rates go up, the doom and gloom and articles in the mainstream media spread like wildfire. These factors ...


Obama Administration Renews Support for Homeless

U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan recently announced nearly $1.6 billion in grants to renew support for 7,100 local homeless housing and service programs across the U.S., Puerto Rico, Guam and the U.S. Virgin Islands. Provided through HUD’s Continuum of Care Program, the funding will ensure these ...


Recovery Spreads: Activity Exceeds Norm in Many Markets

Of the approximately 350 metro markets nationwide, 59 returned to or exceeded their last normal levels of economic and housing activity, according to the just-released National Association of Home Builders/First American Leading Markets Index (LMI). This represents a net gain of 11 ...


A Frigid February Catches up to Construction Spending

Total private residential construction spending decreased in February after three consecutive months of growth. The unusually cold winter may have finally caught up to total residential spending and contributed to a slight month-over-month decline. Total private residential construction spending dropped to a seasonally adjusted annual rate of $360.4 billion according ...


Fixed Mortgage Rates on Hold

Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates relatively unchanged from last week. ...


Vacation Home Sales Surge in 2013, Investment Property Declines

Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the National Association of REALTORS®. ...


February Pending Home Sales Continue Slide

Pending home sales declined for the eighth straight month in February, according to the National Association of REALTORS®. Modest increases in the Midwest and West were offset by declines in the Northeast and South; all regions ...


New-Home Sales Continue to Level in February

Sales of newly built, single-family homes fell 3.3 percent to a seasonally adjusted annual rate of 440,000 units in February, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. ...


What do San Jose and Washington D.C. have in Common?

There are few surprises in Gallup’s new survey results ranking the markets with the greatest economic confidence levels. Did you guess the home towns of Silicon Valley and the federal government would lead the list? ...


Homeowner Vacancy Rates Vary Across Top Metros

In a recent study, NAHB examines eight key housing statistics from the 2012 American Community Survey (ACS). This post takes a closer look at one of those statistics; the homeowner vacancy rate. ...


HUD Seeks Input on Section 8 Guide, Reveals Policy Priorities

Right now across the U.S., private landlords manage approximately 3.1 million low-income households. So those many landlords and property managers should take a few moments to learn about a couple of significant recent announcements from the U.S. Department of Housing and Urban Development about its Section 8 program. ...


Florida’s Housing Market Shows Rising Prices in February 2014

Regional Spotlight—Florida’s housing market reported higher median prices, more new listings, fewer days on the market and a stable level of inventory in February, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 15,826 last month, up 1.5 percent over the February ...


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