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Foreign Investment in U.S. Property to Remain Strong in 2017, China Top Investor

Foreign Investment in U.S. Property to Remain Strong in 2017, China Top Investor

The outlook in 2017 for U.S. commercial real estate capital markets continues to be favorable. Read More »


NAHB Panel Says U.S. Housing Production Will Gradually Uptick in 2017

NAHB Panel Says U.S. Housing Production Will Gradually Uptick in 2017

Fueled by a growing economy, solid employment gains and rising household formations, single-family housing production in the U.S. will continue on a gradual, upward trajectory in 2017. Read More »

Home Remodelers' Profits Increased as Industry Continued to Recover in 2016

Home Remodelers' Profits Increased as Industry Continued to Recover in 2016

Home remodelers' average profit margins have increased since 2011, indicating they are running their businesses more efficiently as residential remodeling activity steadily improves. Read More »

Architecture Billings Index in U.S. Upticks in November

Architecture Billings Index in U.S. Upticks in November

After coming off a modest increase after two consecutive months of contraction, the U.S. focused Architecture Billings Index (ABI) recorded another small increase in demand for design services. Read More »


Global Property Spotlight

Grand Tetons Wonderland - (Driggs, Idaho)

Grand Tetons Wonderland - (Driggs, Idaho)

Huntsman Springs is golf and club community developed by Jon Huntsman, Sr. A place of serenity and beauty in the hitherto undeveloped Teton Valley of Western Idaho. Read More »

Last Updated January 13, 2017 10:15 AM ET

Chicago

According to the National Association of Realtors, a big surge in the Northeast and a smaller gain in the South pushed U.S. existing-home sales up in November 2016 for the third consecutive month.

Existing-home sales in the U.S. are forecast to muster only a small gain in 2017 because of increasing mortgage rates and shrinking consumer confidence that now is a good time to buy a home.

According to the Mortgage Bankers Association's Commercial/Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter of 2016.

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in the U.S. fell 1.9 percent in October 2016

According to the National Association of Realtors, existing-home sales in the U.S. ascended in October 2016 for the second straight month and eclipsed June's cyclical sales peak to become the highest annualized pace in nearly a decade.

Led by impressive gains in both single-family and multifamily production, nationwide U.S. housing starts surged 25.5 percent in October 2016 to a seasonally adjusted annual rate of 1.32 million units.

The National Association of Home Builders is reporting this week that U.S. builder confidence in the market for newly built single-family homes held steady in November 2016.

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased 14 basis points to a seasonally adjusted rate of 4.52 percent of all loans outstanding at the end of the third quarter of 2016.

The Baird/STR Hotel Stock Index decreased 0.8% in October 2016 to close the month at 3,108. Year to date, the index remains up 0.4%. Hotel stocks outperformed in October amid low investor expectations and rising interest rates.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. fixed mortgage rate moved higher in early November.

Ongoing U.S. home price appreciation offset a small decline in mortgage interest rates to move housing affordability slightly lower in the third quarter of 2016.

Millennials entering their prime homebuying years, rising household formation, and continued job gains boosting overall demand are expected to be behind the slight increase in existing-home sales in 2017.

According to the Mortgage Bankers Association's Builder Application Survey for September 2016, U.S. mortgage applications for new home purchases increased 3 percent relative to September 2015.

According to CoreLogic's August 2016 National Foreclosure Report , U.S. home foreclosure inventory declined by 29.6 percent and completed foreclosures declined by 42.4 percent compared with August 2015.

According to CoreLogic, distressed home sales in the U.S., which include REO and short sales, accounted for 7.8 percent of total home sales nationally in June 2016.

According to the National Association of Realtors, after bouncing back in July, pending home sales cooled in August 2016 for the third time in four months and to their lowest level since January 2016.

the level of commercial and multifamily mortgage debt outstanding increased by $39.9 billion in the second quarter of 2016, as three of the four major investor groups increased their holdings.

According to a forward-looking housing barometer report released this week by Nationwide, U.S. home prices nationally have risen significantly since the 2008 mortgage crisis, but "healthy fundamentals" in the majority of local housing markets signify that another housing bubble isn't imminent.


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