Home/Tag:single-family homes

New Home Builder Optimism Remains Low

2011-08-16T00:33:19+00:00

August 16, 2011 (Jeff Alan) Confidence among the nation’s new single-family home builders remained at low levels in August according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) as economic uncertainty continues to discourage potential buyers from considering new home purchases. […]

Residential Construction Slides in June

2011-08-01T11:57:46+00:00

August 1, 2011 (Shirley Allen) Private residential construction spending declined 0.3 percent to a seasonally adjusted annual rate of $235.8 billion in June compared to a revised estimate of $236.5 billion in May according to the U.S. Census Bureau. Overall private construction spending was up 0.8 percent, from a seasonally adjusted $489.6 billion in May [...]

Fed Beige Book: Moderate Economic Growth

2011-07-29T01:16:48+00:00

July 29, 2011 (Chris Moore) Economic activity continued to grow, though at a much more moderate pace according to the latest edition of the Beige Book released by the Federal Reserve. […]

Freddie Mac Averaging 11k Loan Mods per Month in 2011

2011-07-27T01:07:45+00:00

July 27, 2011 (Jeff Alan) Freddie Mac has completed 66,207 loan modifications, an average of 11,305 per month, in the first half of 2011 according to the recently released Monthly Volume Summary for June 2011. The government sponsored enterprise (GSE) completed 10,809 loan modifications in June, up from 8,891 in May. […]