Mid America Mortgage Blog

Developers Remain Confident About Multifamily Market in First Quarter


Production of multifamily homes are holding steady, according to the latest data released from the National Association of Home Builders (NAHB). The NAHB released their Multifamily Production Index (MPI) on May 28, showing a reading of 54 for the first quarter of 2015. This marks the 13th consecutive quarter with a reading of 50 or higher. Like with other NAHB indices, the components of the index are measured on a scale of 0 to 100 with any reading of 50 or above indicating that more home builders feel conditions are improving.

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Housing Affordability Gets a Boost Across U.S.

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Thanks to lower interest rates, lower home prices and more attainable mortgage programs for first time buyers, housing affordability is on the rise. Across the nation, new and existing homes are, on average, being considered more affordable. This news comes from the National Association of Home Builders (NAHB) and Wells Fargo, two entities that work together to create an index that measures the overall affordability of housing in the United States.

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Reasons to Buy a Home This Summer

Although springtime is generally considered the “busy season” for real estate, there’s something to be said about buying a home in the summer. In fact, there are several things to be said about buying in the summer!

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Company Headquarters:
Mid America Mortgage, Inc.
15301 Spectrum Drive, Suite 405
Addison, TX 75001
Phone: 214-261-3300
Toll Free: 866-544-7013
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Wholesale Division
550 Warrenville Rd
Lisle, IL 60532
Phone: 630-796-6092
Toll Free: 855-528-4572

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