The National Association of Home Builders chairman Granger MacDonald, issued a statement in the wake of Hurricane Harvey.
52 percent of residential and commercial properties in the Houston metro are at "High" or "Moderate" risk of flooding, but are not in a Special Flood Hazard Area (SFHA) as identified by the Federal Emergency Management Agency (FEMA).
Over 232,721 homes along the Texas coast with a reconstruction cost value (RCV) of approximately $39.6 billion are at potential risk of hurricane-driven storm surge damage from Hurricane Harvey.
According to global property advisor CBRE, increased investor demand from both international and domestic buyers contributed to further capitalization rate compression in the U.S. industrial real estate sector over the first half of 2017.
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 July 2017 fell 9.4 percent to a seasonally adjusted annual rate of 571,000 units from an upwardly revised June 2017 reading.
According to the U.S. Department of Housing and Urban Development and the Commerce Department, nationwide housing starts fell 4.8 percent in July to a seasonally adjusted annual rate of 1.16 million units.
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released this week, rising U.S. home prices offset a quarter-point drop in mortgage interest rates to move housing affordability slightly lower in the second quarter of 2017.
According to the National Association of Home Builders/First American Leading Markets Index, nearly 300 U.S. housing markets posted an increase in economic and housing activity.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate dropped in mid-July, after two straight weeks of increases.
Substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new record-high
According to new consumer spending analysis from the National Association of Home Builders, newly minted homeowners are helping drive a healthy U.S. economy. In their first year of ownership.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year fixed mortgage rate in the U.S. dropped to a new 2017 low in late June.
Commercial and multifamily mortgage originations in the U.S. will be down slightly in 2017, ending the year at $478 billion, a decrease of 3 percent from the 2016 volumes.
According to CBRE Research's latest annual Global Prime Office Occupancy Costs report, Hong Kong (Central) and London's West End topped the list of prime office occupancy costs again.
Mortgage applications for new home purchases increased 15 percent compared to May 2016. Compared to April 2017, applications increased by 4 percent relative to the previous month.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average mortgage rates hitting their lowest mark of the year in Mid-May 2017. 30-year mortgage rate fell 7 basis points this week.
Renters are starting to look for cheaper housing options outside downtown cores, prompting rent payments to rise faster in the suburbs than in urban areas.
The financial and technology sectors are two of the main drivers fueling one of the strongest economies in the country. This has made the Texas commercial real estate market an attractive target for investors and appealing destination for young professionals.