Rising interest rates were blamed for declining developer confidence in the market for new multifamily housing, according to second quarter data from the National Association of Home Builders (NAHB). The trade group’s newly published Multifamily Market Survey...
Mortgage credit availability was on the rise last month, according to data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) was up by 3.3% to 98.1 in July; the index was benchmarked to 100 in March 2012. The...
Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers Inc. (NYSE: TOL), has partnered with Equity Residential for the opening of Remy, a luxury apartment community in the Dallas suburb of Frisco, Texas. The new community features 357 studio, one-, and...
Mortgage rates dropped to their lowest rate in over a year, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.47% as of Aug. 8, down from last week when it averaged 6.73%. A year ago at...
The total value of US homes gained $3.1 trillion during the past 12 months, a 6.6% year-over-year spike that resulted in a new record high of $49.6 trillion, according to a data report from Redfin (NASDAQ:RDFN). On a decade-over-decade measurement, the total value of...
Consumer confidence in the housing market was decidedly mixed in the latest Home Purchase Sentiment Index data published by Fannie Mae (OTCQB: FNMA). The index dropped by 1.1 points in July to 71.5, with only 17% of consumers stating now is a good time to buy a home,...
Hits and Misses for the Real Estate Week of April 27-May 1
