Residential Real Estate (Dec-16-2015): Mortgage Applications and Housing Starts

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Mortgage Applications The latest MBA (Mortgage Bankers Association) report for the week of December-11-2015 showed the composite index contracting wk/wk @ -1.1% vs. prior @ 1.2%. The purchase index declined wk/wk @ -3.0% vs. prior @ 0.04%. The weekly change on the refinance index increased @ 1.0% vs. prior @ 4.0%. US Housing Starts During […]

July-2014 Housing Starts Deliver Positive Surprise and Underscore Multi-Family Unit Growth

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Housing Starts for July-2014 were released today and delivered a positive surprise to the market with actual starts @ 1.093mm vs. consensus forecasts @ 0.963mm and prior month @ 0.945mm. Housing is clearly making a comeback as the number of permit applications jumped almost 80k to 1.052mm and the reality begins to bite real estate […]

Affordable Housing Index And Growing Employment Opportunties May Support Home Building Stocks

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Today’s release of the June-2014 Housing Affordability Index shows that the underlying improvement of the residential real estate market is still sustainable, barring any severe contraction in median incomes and employment or a sharp increase in mortgage interest rates. With an affordability score @153.4, families earning at least the median income have 153% of the […]