Homebuilders took a hit when the National Association of Homebuilders, or NAHB, reported a surprise drop in new home construction for last month. Housing starts plummeted 9.3% in June and May data was revised lower. This was in contrast to expectations for new construction of 1.02 million on a seasonally adjusted annual rate, or SAAR, slightly above the 1.0 million reported in May.
Sunday, July 27, 2014
Thursday, July 24, 2014
Freddie Mac said today that its Multi-Indicator Market Index or MiMi for May is sending out mixed signals to the housing market. While more markets entered their stable range of housing activity, most markets remained stalled, just as they were in April, due primarily to weak mortgage application activity.
Sunday, July 20, 2014
The median entry-level rent prices for the nation went up by 1.44 percent in the second quarter of 2014, according to Apartment Guide data.
As of April 1, 2014, the nationwide median entry-level rent price was $765; it had increased to $776 by June 30.
Saturday, July 19, 2014
WASHINGTON (AP) — Maybe a higher minimum wage isn't so bad for job growth after all. The 13 U.S. states that raised their minimum wages at the beginning of this year are adding jobs at a faster pace than those that did not, providing some counter-intuitive fuel to the debate over what impact a hi...
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