Tag Archive for ‘homebuilding’

Mortgage Delinquency Rates Fall

Data released by the Mortgage Bankers Association (MBA) indicates that the delinquency rate for mortgage loans on one-to-four-unit residential properties, considered single-family properties, decreased to a not seasonally adjusted rate of 5.69% of all loans outstanding at the end of the first quarter of 2014, 106 basis points below the 6.75% delinquency rate recorded in the first quarter of 2013…. Read More ›

Consumer Debt Expands on Mortgages, Student and Auto Loans

The Federal Reserve Bank of New York recently reported that aggregate consumer debt, which includes mortgages, rose by 1.1% or $129 billion over the first quarter of 2014. There is now an estimated $11.7 trillion in aggregate consumer debt outstanding. Total consumer indebtedness has now risen for 3 consecutive quarters; however, it still remains 8.1% below its peak of $12.7… Read More ›

What Has Happened to Builders’ Profit Levels?

Every couple of years, NAHB Economics asks single-family builders nationwide to provide data from their income statements and balance sheets so that industry-wide benchmarks on profit margins, asset and equity positions can be determined.  Results from the recently released Cost of Doing Business Study: 2014 Edition show that margins in 2012 improved over 2008 and 2010, but are still lower than… Read More ›

Pending Home Sales Experience Significant Decline

The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, fell a steep 5.6% in September 2013 to 101.6 from a downwardly revised 107.6 in August. The September 2013 PHSI reported by the National Association of Realtors (NAR) was 1.2% lower than the same period a year ago. The September PHSI decreased sharply in three regions: 9.6%… Read More ›

Property Tax Remains Largest Revenue Source

According to the latest data from the Census Bureau, taxes paid by homeowners and other real estate owners remain the largest single source of revenue for state and local governments. At 34%, property taxes represent a significantly larger share than the next largest sources: individual income taxes (24%) and sales taxes (21%). State and local government property tax collections continue to increase… Read More ›

Sales Decline as Investors Withdraw

Existing home sales decreased 0.6% in March from a downwardly revised level in February, but were still up 10.3% from the same period a year ago. The National Association of Realtors (NAR) reported that March 2013 total existing home sales were at a seasonally adjusted rate of 4.92 million units combined for single-family homes, townhomes, condominiums and co-ops. That compares… Read More ›

Pending Home Sales Decline

The Pending Home Sales Index, a forward-looking indicator based on signed contracts, decreased 5.5 percent in April 2012, from a downwardly revised 101.1 in March.  This decline was preceded by three consecutive months of gains. However, the April PHSI was 14.4 percent higher than in April 2011.    The National Association of Realtors (NAR) reported that although the April PHSI… Read More ›

Existing Home Sales Increase

April 2012 existing home sales increased 3.4 percent from the downwardly revised March level, and are up 10.0 percent from the same period a year ago. The National Association of Realtors (NAR) reported April 2012 total existing home sales were at a seasonally adjusted rate of 4.62 million single-family homes, townhomes, condominiums and co-ops. The downwardly revised March 2012 seasonally… Read More ›

Existing Home Sales Up Strongly From a Year Ago, Slightly Down from a Month Ago

February 2012 existing home sales were up 8.8 percent from a year ago, although down 0.9 percent from the upwardly revised January level. The February 2012 seasonally adjusted level of 4.59 million sales was up from the 4.22 million level of sales a year ago. The National Association of Realtors (NAR) reported that the February seasonally adjusted sales of existing… Read More ›

Existing Sales Up, Inventory Down

Existing home sales increased 4.3 percent in January to a seasonally adjusted level of 4.57 million units. That level is 0.7 percent above the January 2011 seasonally adjusted annual rate, and is the third increase over the past four months. The National Association of Realtors (NAR) reported that the seasonally adjusted sales of existing homes (comprised of completed transactions of… Read More ›