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Following last month's bounce in permits (later revised lower), September expectations were for a decline of 2.1% (presumably analysts knew of the storms' potential impact when they guessed) but it utterly collapsed - down 4.5%.
Even more impressive is their commitment to create the house with the latest technologies to make sure that the structure uses as little energy as possible.
The lovely, state-of-the-art energy efficient home was built by a team of students from Missouri.
Some people are very passionate about bitcoin, and then some people are really big believers in the cryptocurrency revolution. One such person is 39-year-old, Didi Taihuttu, a Netherlands native that's been selling everything he owns including his
A few years ago, architect James Whitaker designed an office made from jutting shipping containers. Though striking to look at, it was never built. Fast-forward to this year and a Los Angeles-based film producer happened to see the office online. Ins
New Home Sales Weakening as Builder Speculation Increases: Home Builders In Trouble?
The Census Bureau reports New home sales are down again, with median prices weakening sharply.
New Home Sales Weakening as Builder Speculation Increases: Home Builders In Trouble?
Extending July's weakness (in new, existing, and pending home sales), August is off to a rough start with existing sales and now new home sales has collapsed (down 3.4% vs expectations of a 2.5% gain). July's big plunge in sales was revised slightly
Many real estate markets across the U.S. are in the midst of an affordability crisis because of rising home prices, tight access to credit, and a homebuilding industry that has been slow to build new homes.
Even as the damage from Hurricanes Harvey and Irma is still being tallied, a preliminary assessment released last week by Black Knight Financial Services estimated that as many as 300,000 borrowers in the vicinity of Houston could become delinquent o
The Student Loan Debt and Housing Report 2017 by the National Association of Realtors and the nonprofit group American Student Assistance shows the obvious: Student debt delays household formation, home buying, and saving.
Keith Jurow, a real estate analyst and author of the Capital Preservation Real Estate Report, pinged me a few days ago with his analysis that suggests long-term mortgage delinquencies are seriously under-reported.
The pending home sales index for July dropped 0.8 percent vs an Econoday expected gain of 0.4%.
There is the car loan buble and the college loan bubble. However, when this bubble breaks, and it has already started, all hell will break loose. Here is the story.
- Whalen Warns "The Crowd Of Buyers Is Thinning"
New Home Sales crashed in July (down a shocking 9.4% MoM compared to expectations of unchanged) following the collapse of household formations in June.
A provincial Russian mansion has been put up for sale with an estimated price of 3,000 bitcoins. However, the lack of legal classification for digital currencies complicates the treatment of bitcoin in the sale.
dependence on the power grid...(Natural News) Utilizing solar power can save homes around 600 British Pounds ($775) in electricity bills every year. This was the conclusion made by a team of researchers from the Swansea University who found that inst
Rates for home loans fell to a seven-week low as ongoing economic uncertainty kept a tight lid on bond yields, mortgage provider Freddie Mac said Thursday.
Construction spending for the second quarter is off to a slow start as judged by housing starts.
Following June's huge surprise jumps in Housing Starts (revised lower) and Building Permits (revised notably higher), July saw both starts and permits plunge (-4.8% and -4.1% respectively) dramatically missing expectations. The majority of the plunge
Foreign homebuyers are taking a big bite out of Texas' hot housing markets.
Wells Fargo Crime-Homeowners You Are at Risk! I have no doubt that when I look at banking actions over the past three years, they are clearly posturing to take every financial asset you own, but not everyone agrees as evidenced by this email.
Chinese banking regulators' efforts to force the country's largest conglomerates to deleverage after an unprecedented binge on foreign assets has already spurred a pullback in foreign real-estate investment, part of a broader decline in foreign i
Until mid 2017, it appeared that nothing could stop the Toronto home price juggernaut:
The striking Case-Shiller regional charts shown below, courtesy of MHanson.com, make Mark Hanson angry:
After dropping to an all time low 62.9% in Q2 of 2016, the US homeownership rate rebounded modestly in the subsequent two quarters, then dropped again at the start of the year, before once again rising fractionally to 63.7% in Q2 of 2017 ....
Great news 'Murica - your house has never been worth more than it was in May (according to Case-Shiller's national home price index).
Even the Fed put commercial real estate on its financial-stability worry list.
