Housing starts drop 2.8% in October but permits up Housing starts jump 10.1% in July but permits crater housing starts up but permits post lowest growth since mid-2011
· Since World War II, housing has contributed an average 4.7% annually to the growth in U.S. gross domestic product, the NAHB says. That’s rebounded to more than 10% this year, Crowe says.
Recent Posts. The real mortgage winners in 2016 will be those with the best approach to technology; Housing starts up but permits post lowest growth since mid-2011
· New home sales growth in December dropped 14% yoy, the lowest rate since 2011. That weakness now looks anomalous: the data from the past month mostly point to positive growth . A recession starting in 2019 is unlikely.
Housing starts roar back even as builder permits fall to 15-month low. August’s pace of permitting was the lowest since May 2017.. For the year to date, starts are up 6.9% compared to the.
Fannie Mae expects real consumer spending growth to pick up by two-tenths of a point in both 2018 and 2019, to 2.7 percent and 2.5 percent, respectively. The saving rate, which dipped three-tenths in.
Mortgage insurers prep for FHA premium increases FHA Commissioner David H. Stevens announced a new premium structure for FHA-insured mortgages. Don’t expect it to save you money – the change means an increase of 0.25 percent to your annual mortgage insurance premium (mip). This applies to all 30- and 15-year loans and it doesn’t matter if you put 80 percent down on your property purchase.
Permit offices sometimes incorrectly classify permits as new residential construction when the permits are actually for home improvements, the setting up of mobile homes, or the construction of nonresidential buildings. Census field representatives will subsequently "out-of-scope" these permits if sampled in SOC. 3.
Virginia woman gets five years in prison for short sale scams Virginia Woman Gets Four Years for Fraud, Fake Death Notice – A Virginia woman has been sentenced to four years in prison for an identity fraud scheme that included publishing a fake death notice. The Daily Press reports 50-year-old Alexandra Hatcher also.
And 2018 was the high mark for starts in the post-recession era! In the 10 years since the. comparison, permits are down 5.4 percent. Though sales of new homes have recently ticked up, the trend.
permits were 13.3 percent higher than the same period last year, while multi-family building permits were 1.8 percent higher. Combined, total private housing starts are expected to increase 2.7 percent in Fiscal Year 2018-19 before shifting up to a rate of 4.8 percent in Fiscal Year 2019-20 and then
Lower oil prices and easing trade tensions have relieved the broader inflationary pressure felt in 2018, but housing inflation remains unyielding and has picked up since late last year. Rent growth.
Philly Mayor Throws Support Behind city-wide foreclosure prevention program Philly Mayor Throws Support Behind City-wide Foreclosure Prevention Program Post By pasquale contents clean needle exchange Mortgage foreclosure diversion program Mortgage business dropping jumbo loan products Housingzone contributing editor In June, the city’s Board of Health and Philadelphia Inquirer’s Editorial Board both endorsed a city.
· For housing starts, this is the third negative YoY reading in a row, something that has not occurred since 2011: Permits to start a new housing project (starts include both new homes and major.