Industry News

Single-Family Starts Increase in June

Tom Oslund

Single-family gains helped offset a drop in multifamily production as total housing starts edged 0.9% lower in June to a seasonally adjusted annual rate of 1.25 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department.

The June reading of 1.25 million starts is the number of housing units builders would begin if they kept this pace for the...

Existing Home Sales and Inventory Bouncing Back - Prices Too

Existing Home Sales and Inventory Bouncing Back - Prices Too

Tom Oslund

Existing home sales broke out of a two-month slump in May, rising by 2.5 percent compared to April and beating, by a considerable margin, analysts' consensus expectations.  The National Association of Realtors® said sales of single-family homes, townhomes, condominiums, and co-ops were at a seasonally adjusted annual rate of 5.34 million units compared to 5.19 million the previous month.  The...

More mortgages issued in April than any month over past decade

Detroit officials: More mortgages issued in April than any month over past decade

Tom Oslund

hey say that spring is homebuying season. In Detroit, that’s certainly proving true.

According to data from the Multiple Listing Service, in April this year there were 140 mortgages issued in Detroit. In April 2018, there were 96.

That number exceeds any month since 2008, prior to the Great Recession.

A significant milestone was reached last year when over 1,000 mortgages ...

Pages