Monthly archive for October 2016

Remodeling Market Looking Bright in Third Quarter

home improvement tools

The National Association of Home Builders (NAHB) recently announced a significantly positive trend that appeared in their latest Remodeling Market Index (RMI). The RMI, released Oct. 20, showed a reading of 57 in the third quarter of 2016, a four-point increase from the previous quarter. The NAHB stated in a recent press release that this improvement also signaled a “return to levels seen consistently throughout 2015.”

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Latest HOME Survey Identifies Concerns from Renters

Tighter inventory and rising home prices appear to be softening confidence among U.S. renters about whether it’s a good time to buyer a home, according to data revealed in the latest installment of the National Association of Realtors Housing Opportunities and Market Experience (HOME) survey. The survey also discovered many renters holding misconceptions about the amount of down payment needed to buy a home — a misunderstanding that could further delay qualified young adults from entering the market.

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Single-Family Housing Starts Surge in September

http://www.midamericamortgage.com/millions-homeowners-missing-savings-not-refinancing/

Single-family housing starts in the U.S. grew significantly in September, indicating sustained market strength despite a drop in multi-family home construction causing the overall building activity to drop to a 1 1/2 year low.

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