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Category: National News

JCHS Map

Interactive Map: Where Can Renters Afford to Own?

According to a new Joint Center blog and interactive map, in 42 of 85 U.S. metros, more than half of renters aged 25-34 (those most likely to become first-time homebuyers) can afford the monthly costs of homeownership.  Read the blog…

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The Economic Impact of the Affordable Housing Credit

In addition to ensuring the supply of affordable rental housing, the Low-Income Housing Tax Credit (LIHTC) supports jobs and provides benefits to the economy. Using the NAHB economic impact model of home building, revised industry estimates reveal that the LIHTC…

Utah Landowners

Existing-Home Sales Heat Up in May, Inventory Levels Continue to Improve

WASHINGTON (June 23, 2014) – Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to the National Association of Realtors®. All four regions of the country experienced sales gains compared to a month…

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Builders Sentiment Recovers

The NAHB/Wells Fargo Housing Market Index for June rose four points to 49, just shy of the 50 mark indicating at least as much optimism as pessimism among single-family home builders. The index dipped 10 points to 46 in February…

NAR

Sluggish Construction Portends Steady Price Growth

Posted in Economist Commentaries, by Ken Fears, Director, Regional Economics and Housing Finance on June 8, 2014 Summary: Supply remains constrained Construction has not kept up with long-term demand Affordability concerns appear to be driving builder pensiveness rather than REO…

Construction Spending

New Residential Spending Improves

New residential construction spending advanced a strong 2.8% on a seasonally adjusted (SA) basis after falling 0.8% in February. Single-family construction spending jumped 3.8% following a 1.3% drop in February. Multifamily construction spending was down 1.8% after advancing 1.7% in…

U.S. homebuilding climbed 13.2 percent during April

Washington • U.S. home construction surged in April to its highest pace in five months. Almost all that increase came from the volatile apartment sector, a sign that Americans are still struggling to buy single-family homes. The Commerce Department said…

1Q2014

U.S. Economy slows to stall-speed

The U.S. economy stalled in the first three months of 2014, but don’t panic yet as it’s probably just the winter weather effect. Gross domestic product, the broadest measure of economic activity, grew at a 0.1% annual pace in the…