The U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday morning that new housing starts in July fell to a seasonally adjusted annual rate of 1.155 million, a decrease of 4.8% from the downwardly revised June rate of 1.213 million and a decrease of 5.6% compared with the July 2016 rate of 1.223 million. The consensus estimate from a survey of economists had been a rate of around 1.225 million.building estimate housing July June permits rate revised single starts
Here’s one that came my way earlier today although the report was from January: New York Fed Chief Dudley has an Idea — Homeowners Should Tap Into Equity.
New York Fed President William Dudley on Tuesday encouraged homeowners to find “prudent” ways to tap into the equity that has built up in the homes, saying the boost in consumption would be a welcome shot-in-the-arm to the economy.Dudley economy equity Fed home homeowners housing President tap York
This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying.
More inventory (a theme in most of 2014) - and less investor buying - suggested price increases would slow sharply in 2014.buying Case faster housing increases inventory key market Shiller slow
In early 2012 I wrote The Housing Bottom is Here and Housing: The Two Bottoms, I pointed out there are usually two bottoms for housing: the first for new home sales, housing starts and residential investment, and the second bottom is for house prices.
In 2012, I argued that the current housing recovery would continue to be sluggish relative to previous housing recoveries.areas Bottom foreclosure House housing recovery single sluggish starts years
Home improvement sales may be the one of the few bright spots for Home Depot.
Daniel Binder, an analyst at Jefferies, predicts the retailer will beat expectations next week due to strong housing sales that are boosting demand for products used in home improvement projects.analyst Binder Bright Depot home housing improvement quarter sales Wednesday
The Greater Las Vegas Association of REALTORS® (GLVAR) reported today that the increasingly hot local housing market showed no signs of cooling off in July, with home prices and sales continuing to rise while the housing supply keeps shrinking.
Meanwhile, local home sales continue to increase compared to the same time last year.ago condos GLVAR home housing July local reported sale townhomes
NEW DELHI: Shares of PNB Housing Finance surged nearly 8 per cent in early trade after the housing finance company on Thursday reported a 92.70 per cent rise in net profit to Rs 184.80 crore for the first quarter ended June 30, 2017.It had posted net profit of Rs 95.90 crore in April-June quarter of 2016-17.The scrip was trading 5.85 per cent up at Rs 1524.55 around 9.35 am (IST). Shares of the company opened at Rs 1509 and touched an intraday high and low of Rs 1533.90 and Rs 1499, respectively, in trade so far.cent crore Finance housing June net quarter Rs shares trade
India's benchmark Nifty may have conquered the five digit mark this week but markets don't appear overheated, says brokerage CLSA.In the note released today, Mahesh Nandurkar of CLSA says that the Nifty valuations in US dollar terms are 8 per cent shy of the peak valuations reached a decade ago and the market cap to gross domestic product ratio is reasonable at 90 per cent against a peak of 150 per cent in January 2008.Moreover, the outperformance so far has come on the back of high quality stocks so there has been no irrational exuberance as yet, said Nandurkar. Housing affordability is the best in decades and a housing boom appears imminent," he said.External shock such as potential shrinkage in the Fed balance sheet appears to be the key market risk, according to Nandurkar.On the domestic front, a potential populist turn by the government, a surge in equity supply and delay in resolution of non performing loans are the key risks.appears cent CLSA domestic housing market Nandurkar Nifty peak valuations
Housing Development Finance Corporation (HDFC), YES Bank, Bank, IndusInd Bank, India and from the Nifty 50 index hit their respective new highs on the National Stock Exchange (NSE) on Thursday.surged 5% to Rs 1,797, extending its Wednesday’s 6% rally on NSE, after the bank’s gross non-performing assets (GNPAs) has come down by Rs 654 crore in absolute terms and 55 bps QoQ to 0.97% during April-June (Q1FY18) quarter.“For five consecutive quarters the bank has been delivering loan growth above 30%, with growth in Q1FY18 coming in at 32%. However, there are signs of pick up— overall loan growth was pegged at around 18% YoY (around 15% average run-rate over past 6 quarters)—driven by individual (up around 16% YoY) and non-individual (up around 22% YoY) segments, analysts at Edelweiss Securities said in result update.“Given its market leadership, is likely to be key beneficiary of government’s/regulator’s thrust on the housing sector, providing growth visibility.bank Finance growth housing Nifty non NSE quarter stock YoY
After battling stresses from a floundering oil and gas sector over the past year, banks in one of the world's financial capitals are seeing a bright spot emerge: a booming property market.
Mortgage loan applications were already up by 20 percent in the first quarter of the year from the previous three months, data from Credit Bureau Singapore showed.analyst bank data financial housing loan market Oversea quarter Singapore
Her group filed a lawsuit that contends that the loan sales disproportionately affected minority homeowners. Lynch said her organization, in light of the report, was considering amending the lawsuit to add a claim that HUD violated standard administrative procedures in going forward with the mortgage sales.agency borrower housing HUD lawyer loan mortgage payment report sale
NEW DELHI: Shares of Indiabulls Housing Finance advanced over 2 per cent and hit their fresh 52-week high of Rs 1,191.65 in early trade on Tuesday after the mortgage lender on Monday posted a 25 per cent rise in the June quarter net at Rs 788.2 crore, supported by higher loan growth, reduction in cost of funds and the cost-to-income ratio.The scrip was trading 2 per cent up at Rs 1,177 around 9.50 am (IST). Shares of the company opened at Rs 1168 and touched an intraday high and low of Rs 1,191.65 and Rs 1,163.35, respectively, in trade so far.cent Finance housing Indiabulls posted quarter Rs Rs crore shares trade
More than half of all homeowners say that they have regrets when it comes to their purchase, according to a new survey by Trulia . In fact, the survey found that more than half of renters don't believe that could afford to buy a home in the current housing market.bought current home homeowners housing learn one re regret renters