Industry News

APRIL 2018 PERMITS SOAR TO HIGHEST LEVEL FOR APRIL SINCE 2006

Date: 21 May 2018
Posted by: Tom Oslund

Based on residential permit data compiled by the Home Builders Association of Southeastern Michigan (HBA) and reported in the HBA Southeastern Michigan Residential Building Activity
Report, a total of 496 single-family permits were issued in Macomb, Oakland, St. Clair and Wayne counties in April 2018. The result was up 5 percent from March (473), up 13 percent from April 2017 (441) and...

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Housing Starts Rise 1.9% on Multifamily Surge

Date: 24 Apr 2018
Posted by: Tom Oslund

Gains in multifamily production pushed overall housing starts up 1.9% in March to a seasonally adjusted annual rate of 1.32 million units, according to newly released data from HUD and the Commerce Department.

Multifamily production rose 14.4% to a seasonally adjusted annual rate of 452,000 units — its highest reading since December 2016. Meanwhile, single-family starts fell 3.7% to 867...

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Millennials are buying a lot more homes than you think

Date: 20 Apr 2018
Posted by: Tom Oslund

There's a popular myth that says millennials are destined to be a generation of renters.

Millennials are actually the reason the homeownership rate has increased over the past year.

Birmingham, Alabama has seen the biggest increase in millennial home buying over the past year.

It's a popular myth - the millennial generation is destined to be a generation of renters -...

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