Mortgage applications rise 4.1% as borrowers see last chance for lowest rates
The rise in mortgage applications last week doesn’t make sense — unless you factor in fear.
More info @ https://www.cnbc.com/2018/01/17/mortgage-applications-rise-4-point-1-percent.html
Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
January 17, 2018 at 09:11AM

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New Home Sales at the Top 50 Masterplans Set a New Record Home buyers love master-planned communities. More than 28,000 home buyers purchased homes in the top 50 master-planned communities last year. While new home sales grew 9% last year, masterplan sales grew 20%! All 50 communities sold at least 314 homes last year—almost one per day. Many Southern California masterplans ranked in the top 25. Southern California masterplans represent 12% of the top 50 and 24% of the top 25. Orange County masterplans dominated, and San Diego and the Inland Empire each had one in the top 25. More Southwest masterplans made the top 25. Southwest masterplans claim 24% of the top 50, flat from 2016. However, improved Phoenix and Las Vegas new home sales produced more top 25 masterplans, while fewer in Denver made our ranking. Fewer Texas masterplans made the top 25. Texas captures 30% of our 2017 top 50, dropping 2 percentage points from last year. Slower sales due to a mix of lot gaps, higher home prices, and extensive competition in the most desirable locations resulted in only two Texas masterplans achieving the top 25 ranking in 2017. Florida’s masterplans account for 28% of the top 25, up from 20% one year ago. Though Florida’s share of the top 50 dipped by 2 percentage points, we expect more growth in 2018 as new communities in Jacksonville, Orlando, and Tampa gain traction. Strong job growth and lifestyle appeal to both families and retirees pave the way. The recent hurricane devastation in the Caribbean is likely to increase tourism in Florida this year, too, which will increase home demand. https://www.realestateconsulting.com/23263-new-home-sales-last-year-top-50-masterplans-14-increase-2014/

23,263 New Home Sales Last Year at Top 50 Masterplans, a 14% Increase over 2014 | John Burns Real Estate Consulting
John Burns Real Estate Consulting, LLC (JBREC) congratulates the developers and home builders that made the top 50 masterplans so successful in 2015.
More info @ https://www.realestateconsulting.com/23263-new-home-sales-last-year-top-50-masterplans-14-increase-2014/
New Home Sales at the Top 50 Masterplans Set a New Record

Home buyers love master-planned communities. More than 28,000 home buyers purchased homes in the top 50 master-planned communities last year. While new home sales grew 9% last year, masterplan sales grew 20%! All 50 communities sold at least 314 homes last year—almost one per day.

Many Southern California masterplans ranked in the top 25. Southern California masterplans represent 12% of the top 50 and 24% of the top 25. Orange County masterplans dominated, and San Diego and the Inland Empire each had one in the top 25.

More Southwest masterplans made the top 25. Southwest masterplans claim 24% of the top 50, flat from 2016. However, improved Phoenix and Las Vegas new home sales produced more top 25 masterplans, while fewer in Denver made our ranking.

Fewer Texas masterplans made the top 25. Texas captures 30% of our 2017 top 50, dropping 2 percentage points from last year. Slower sales due to a mix of lot gaps, higher home prices, and extensive competition in the most desirable locations resulted in only two Texas masterplans achieving the top 25 ranking in 2017.

Florida’s masterplans account for 28% of the top 25, up from 20% one year ago. Though Florida’s share of the top 50 dipped by 2 percentage points, we expect more growth in 2018 as new communities in Jacksonville, Orlando, and Tampa gain traction. Strong job growth and lifestyle appeal to both families and retirees pave the way. The recent hurricane devastation in the Caribbean is likely to increase tourism in Florida this year, too, which will increase home demand.
https://www.realestateconsulting.com/23263-new-home-sales-last-year-top-50-masterplans-14-increase-2014/ Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
January 11, 2018 at 08:29AM

#construction #constructionboom #buildingboom #positiverealestate #constructionjobs “By all measures, a construction boom is shaping up for 2018 The construction industry added 30,000 jobs last month, according to the Labor Department. That brings the sector’s 2017 gains to 210,000 positions, a 35 percent increase over the previous year. Construction spending is also soaring, up to a record $1.257 trillion in November, according to the Commerce Department. Optimism among construction contractors is also at a record high.”

By all measures, a construction boom is shaping up for 2018
The construction industry finished the year with 35 percent more jobs added than in 2016. Now, the industry is even more optimistic.
More info @ https://www.cnbc.com/2018/01/05/by-all-measures-a-construction-boom-is-shaping-up-for-2018.html
#construction #constructionboom #buildingboom #positiverealestate #constructionjobs
“By all measures, a construction boom is shaping up for 2018
The construction industry added 30,000 jobs last month, according to the Labor Department.
That brings the sector’s 2017 gains to 210,000 positions, a 35 percent increase over the previous year.
Construction spending is also soaring, up to a record $1.257 trillion in November, according to the Commerce Department.
Optimism among construction contractors is also at a record high.” Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
January 09, 2018 at 08:53AM

Here are four housing predictions for 2018
2017 is now officially over and as 2018 begins, many experts continue to give their predictions for the housing market for the new year. One expert’s forecast tells of lower housing inventory and an accelerated speed of home price gains, especially among entry-level homes.
More info @ https://www.housingwire.com/articles/42184-here-are-four-housing-predictions-for-2018?eid=311694375&bid=1961698
Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
January 03, 2018 at 07:43PM

According to Mark Zandi, chief economist for Moody’s Analytics, prospects are good for the U.S. economy in 2018. Economic expansion celebrated its eighth year in November, making it the third longest in American history. Zandi expects this expansion could become the longest in history, possibly surpassing the tech-driven boom of the 1990s, which lasted 10 years.

A Bullish New Year for New Home Building
While the challenges of 2017 will continue, economists have high hopes for home building in 2018.
More info @ http://www.builderonline.com/money/economics/a-bullish-new-year-for-new-home-building_o?he=ba6c59b0a0fc7148bbf9ec84f8d45faa2b0d7305
According to Mark Zandi, chief economist for Moody’s Analytics, prospects are good for the U.S. economy in 2018. Economic expansion celebrated its eighth year in November, making it the third longest in American history. Zandi expects this expansion could become the longest in history, possibly surpassing the tech-driven boom of the 1990s, which lasted 10 years. Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
January 03, 2018 at 07:39PM

Housing Bubble 2.0: U.S. Homeowners Made $2 Trillion On Their Houses In 2017 Americans who are lucky enough to own their own little slice of the ‘American Dream’ are about $2 trillion wealthier this year courtesy of Janet Yellen’s efforts to recreate all the same asset bubbles that Alan Greenspan first blew in the early 2000’s. After surging 6.5% in 2017, the highest pace in 4 years according to Zillow data, the total market value of homes in the United States reached a staggering all-time high of $31.8 trillion at the end of 2017…or roughly 1.5x the total GDP of the United States. If you add the value of all the homes in the United States together, you get a sum that’s a lot to get your mind around: $31.8 trillion. How big is that? It’s more than 1.5 times the Gross Domestic Product of the United States and approaching three times that of China. Altogether, homes in the Los Angeles metro area are worth $2.7 trillion, more than the United Kingdom’s GDP. That’s before this luxury home on steroids hits the market. In the New York City metro, total home values equal $2.6 trillion, more than the French economy — and enough money to buy 8,494 Boeing 787-10 Dreamliners.

http://www.zerohedge.com

More info @ https://www.zerohedge.com/news/2017-12-28/housing-bubble-20-us-homeowners-made-2-trillion-their-houses-2017
Housing Bubble 2.0: U.S. Homeowners Made $2 Trillion On Their Houses In 2017

Americans who are lucky enough to own their own little slice of the ‘American Dream’ are about $2 trillion wealthier this year courtesy of Janet Yellen’s efforts to recreate all the same asset bubbles that Alan Greenspan first blew in the early 2000’s. After surging 6.5% in 2017, the highest pace in 4 years according to Zillow data, the total market value of homes in the United States reached a staggering all-time high of $31.8 trillion at the end of 2017…or roughly 1.5x the total GDP of the United States.

If you add the value of all the homes in the United States together, you get a sum that’s a lot to get your mind around: $31.8 trillion.

How big is that? It’s more than 1.5 times the Gross Domestic Product of the United States and approaching three times that of China.

Altogether, homes in the Los Angeles metro area are worth $2.7 trillion, more than the United Kingdom’s GDP. That’s before this luxury home on steroids hits the market.

In the New York City metro, total home values equal $2.6 trillion, more than the French economy — and enough money to buy 8,494 Boeing 787-10 Dreamliners. Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
December 29, 2017 at 06:42AM

https://www.reuters.com/article/us-usa-economy/u-s-home-sales-hit-11-year-high-supply-still-tight-idUSKBN1EE20H

U.S. home sales hit 11-year high, supply still tight
U.S. home sales increased more than expected in November, hitting their highest level in nearly 11 years, the latest indication that housing was regaining momentum after almost stalling this year.
More info @ https://www.reuters.com/article/us-usa-economy/u-s-home-sales-hit-11-year-high-supply-still-tight-idUSKBN1EE20H
https://www.reuters.com/article/us-usa-economy/u-s-home-sales-hit-11-year-high-supply-still-tight-idUSKBN1EE20H Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
December 20, 2017 at 09:19AM

https://www.yahoo.com/news/single-family-housing-starts-permits-hit-10-high-141402834.html

Single-family housing starts, permits hit 10-year high
By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding and permits surged to more than 10-year highs in November, in a hopeful sign for a housing market that has been hobbled by supply constraints. The Commerce Department said on Tuesday that single-family homebuilding, which accou…
More info @ https://www.yahoo.com/news/single-family-housing-starts-permits-hit-10-high-141402834.html
https://www.yahoo.com/news/single-family-housing-starts-permits-hit-10-high-141402834.html Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
December 19, 2017 at 08:56AM

Home buyers from Great Britain have been focusing on purchasing single-family homes in the U.S., according to the U.S. Census Bureau’s Survey of Construction. They’re targeting markets across the country, with at least one city in nearly every major region seeing a marked uptick in activity from British investors, according to Investorist, a global B2B sales platform. Investorist reveals those cities, along with factors that make them an attractive destination and home price points that are drawing British investors. West Coast: Palm Springs, Calif. Sweet-spot price: $600,000 to $700,000 Midwest: Chicago East Coast: Orlando, Fla. Northeast: Boston

4 Markets British Investors Are Targeting
Nearly every major region of the U.S. has at least one city that is seeing a marked increase in activity among home buyers from Great Britain. This is what’s drawing them.
More info @ http://realtormag.realtor.org/daily-news/2017/12/11/4-markets-british-investors-are-targeting
Home buyers from Great Britain have been focusing on purchasing single-family homes in the U.S., according to the U.S. Census Bureau’s Survey of Construction. They’re targeting markets across the country, with at least one city in nearly every major region seeing a marked uptick in activity from British investors, according to Investorist, a global B2B sales platform. Investorist reveals those cities, along with factors that make them an attractive destination and home price points that are drawing British investors.

West Coast: Palm Springs, Calif.
Sweet-spot price: $600,000 to $700,000
Midwest: Chicago
East Coast: Orlando, Fla.
Northeast: Boston Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
December 12, 2017 at 04:33PM