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Behind The Housing Starts Headlines, The Story That Matters
2012-01-20 14:45:00 Single-family housing starts climbed 4 percent last month to 470,000 units on a seasonally-adjusted, annualized basis. This is the highest number of Single-Family Housing Starts since April 2010 -- the last month of last year's home buyer tax credit.
Like Clockwork, Another Year Brings Calls for Another Housing Market ?Botto
2012-01-13 16:37:00 What was one of the best performing sectors in late 2011 … and the first several days of 2012? Would you believe HOUSING?? The Philadelphia Housing Sector Index, or HGX plunged to 73.65 in October. But then it started rising, ultimately tagging 109.65 this week. That’s a gain of 49 percent in just a couple months. Some individual stocks in the sector performed even better. Leading home builder Pulte Group (PHM), for instance, more than doubled. So what’s going on? Is the recent string of decent U.S. economic data foretelling better times ahead? Is Wall Street awash in optimism about the upcoming spring home buying season? Does the move reflect hope about Washington’s latest whiz-bang plan to save . . . → Read More: Like Clockwork, Another Year Brings Calls for Another Housing Market ?Bottom?
By: Jutia Group
The Coming Housing Shortage
2012-01-07 07:59:00 Here is an interesting piece on the coming housing shortage.
Housing And Mortgage : The Experts Make Their 2012 Predictions
2012-01-04 14:45:00 As the new year begins, there are no shortage of stories telling us what to expect in 2012.
More Housing Woes on the Horizon? ? The Home Front (usnews.com)
2011-12-27 09:18:00 As the United States continues to grapple with the fallout of its housing bubble and blow-up, recent research from the International Monetary Fund uncovers some startling statistics about other countries that could be headed toward their own U.S.-style housing crises. While home prices have fallen in about half of the countries the IMF tracks, they’ve ...
By: 1913 Intel
Housing Starts Show Strength In Housing
2011-12-21 14:45:00 According to the U.S. Census Bureau, Single-Family Housing Starts rose to 447,000 units on a seasonally-adjusted, annualized basis in November -- a 2 percent increase from October.
Good News in the U.S. Housing Market
2011-12-19 07:00:00 Good News in the U.S. Housing Market is a post originally published on: Everything Finance - Everything Finance - A Good Personal Finance Blog - Its all about Money!The U.S. housing market might have some good news, Reuters reported on Sunday. It seems that for the first time since 2005, U.S. residential construction might be expanding a little next year. It might, in turn, add a little to GDP growth in 2012. It would add not much, of course, but it would complement ...Get a free mortgage quote!
China Housing Prices. Everything Is Relative.
2011-12-11 20:48:00 Got the above graph from a China Tells post, entitled, "A Comparison between China and US housing Prices." The post seems to make the argument that housing prices in China are not so high, especially when we compare them with those in the United States: Is China's housing price expensive? Depends. Expensive is always a relative concept. This chart compares the housing price in a lot of Chinese cities to that of the United States, and it seems that the housing prices in two countries are quite similar. Whoa, whoa, whoa. I think this reasoning is horrible. I agree that prices are relative, but what they are really relative to is incomes and on that score there is a huge difference between China and the United States and it is on that score that I have thought China real estate has long been over-priced. In fact, many years ago, my law firm looked into buying a firm condo in Qingdao, China. At that point, one of our lawyers was living in a very nice condo for which we w...
By: China Law Blog
GTA REALTORS® release November resale housing market data
2011-12-08 19:04:00 Toronto, December 6, 2011 – Greater Toronto REALTORS® reported 7,092 residential transactions through the TorontoMLS® system in November – up 11 per cent in comparison to November 2010. At the same time, the number of new listings was up by 14 per cent in comparison to last year.“We have seen strong annual sales growth through the 2011 fall market. The increase in transactions has been broad-based, with strong growth across low-rise and high-rise home types throughout the Greater Toronto Area,” said Toronto Real Estate Board (TREB) President Richard Silver. “The market has also become better supplied, with annual new listings growth outstripping that of sales. As this trend continues into 2012, we will see more balanced market conditions.”The average price for November transactions was $480,421, representing an increase of almost 10 per cent in comparison to $437,494 in November 2010.“Despite strong price growth this year, the housing market remains affordable in the...
GTA REALTORS® release November resale housing market data
2011-12-08 19:04:00 Toronto, December 6, 2011 – Greater Toronto REALTORS® reported 7,092 residential transactions through the TorontoMLS® system in November – up 11 per cent in comparison to November 2010. At the same time, the number of new listings was up by 14 per cent in comparison to last year.“We have seen strong annual sales growth through the 2011 fall market. The increase in transactions has been broad-based, with strong growth across low-rise and high-rise home types throughout the Greater Toronto Area,” said Toronto Real Estate Board (TREB) President Richard Silver. “The market has also become better supplied, with annual new listings growth outstripping that of sales. As this trend continues into 2012, we will see more balanced market conditions.”The average price for November transactions was $480,421, representing an increase of almost 10 per cent in comparison to $437,494 in November 2010.“Despite strong price growth this year, the housing market remains affordable in the...
More Housing Strength : Pending Home Sales Surged In October
2011-12-02 14:45:00 After 3 consecutive months of easing, the Pending Home Sales Index jumped 10 percent in October, lending credence to the belief that housing is in recovery.
Case-Shiller Index: 17 Of 20 U.S. Housing Markets Slipped In September
2011-11-30 14:45:00 Standard & Poor's released its September 2011 Case-Shiller Index this week. The index tracks home price changes in select cities between months, quarters, and years. The Case-Shiller Index for September showed drastic devaluations nationwide.
Housing Starts Rising; New Construction Turns The Corner?
2011-11-18 14:45:00 Another day, another signal that the market for newly-built homes is improving. Single-Family Housing Starts rose to a seasonally-adjusted, annualized 430,000 units in October -- a 4 percent increase from September and the highest reading in 3 months.
CMHC: October 2011 Housing Starts
2011-11-08 19:57:00 The seasonally adjusted annual rate1 of housing starts was 207,600 units in October, according to Canada Mortgage and Housing Corporation (CMHC). This is down from 208,800 units in September 2011.“Housing starts posted a slight decline in October due to a decrease in single-detached starts in urban centres,” said Mathieu Laberge, Deputy Chief Economist at CMHC’s Market Analysis Centre. “Urban multiple housing starts remained high in October, but overall housing starts are expected to moderate in line with demographic fundamentals.”The seasonally adjusted annual rate of urban starts decreased by 2.1 per cent to 184,500 units in October. Urban single starts decreased by 9.0 per cent in October to 60,900 units, while multiple urban starts were up by 1.7 per cent to 123,600 units.October’s seasonally adjusted annual rate of urban starts decreased by 43.5 per cent in the Atlantic region, and 28.8 per cent in Quebec, while urban starts increased by 1.5 per cent in British Colu...
CMHC: October 2011 Housing Starts
2011-11-08 19:57:00 The seasonally adjusted annual rate1 of housing starts was 207,600 units in October, according to Canada Mortgage and Housing Corporation (CMHC). This is down from 208,800 units in September 2011.“Housing starts posted a slight decline in October due to a decrease in single-detached starts in urban centres,” said Mathieu Laberge, Deputy Chief Economist at CMHC’s Market Analysis Centre. “Urban multiple housing starts remained high in October, but overall housing starts are expected to moderate in line with demographic fundamentals.”The seasonally adjusted annual rate of urban starts decreased by 2.1 per cent to 184,500 units in October. Urban single starts decreased by 9.0 per cent in October to 60,900 units, while multiple urban starts were up by 1.7 per cent to 123,600 units.October’s seasonally adjusted annual rate of urban starts decreased by 43.5 per cent in the Atlantic region, and 28.8 per cent in Quebec, while urban starts increased by 1.5 per cent in British Colu...
Finding Truth In September?s Housing Starts Report
2011-10-20 14:45:00 Wednesday, the Census Bureau released its September Housing Starts report. In it, the government said that national Housing Starts rose 15 percent in September as compared to August 2011, tallying 658,000 units on a seasonally-adjusted annualized basis.
Flood of Foreclosures to Hit the U.S. Housing Market Very Soon
2011-10-18 13:11:00 U.S. housing market exists in a totally paralyzed condition, and now it is likely to stand up against a huge pile of pending foreclosures, which will surely result in the lowering of price values of properties. Banks have increased their pace of working, and another flood of foreclosures is likely to hit the housing market, which will lead to lower prices of households.Looking Foreclosed Homes? ForeclosureWarehouse.com has the best online resources of foreclosures in California, Florida, Georgia, Michigan, Texas and all US States - Flood of Foreclosures to Hit the U.S. Housing Market Very Soon
Market News: iPhone5, Greek fate, Housing market, Euro banks...
2011-09-29 03:32:00 Risk on, then off, then on... Stocks surged Tuesday but gave back half of their gains in the final hour following reports of a split in the eurozone over terms of the next Greece bailout (more below). Treasury prices continued their slide, sending 10-year yields back to 2%. It was risk-on in commodities, as gold and oil rose sharply. Shaking off early weakness, futures point to a strong open.Troika audit to decide Greek fate. Greece faces a new test today as troika auditors head for Athens, which could lead to parts of Greece's ?109B rescue being reopened: "We have to wait and see what the troika finds," German Chancellor Merkel said, "it will tell us (whether) we will have to renegotiate or not." Greece's second bailout would impose a 21% loss on private bondholders, but many economists believe a 50% loss is necessary to make the country's debt viable. The FT reported yesterday that seven eurozone states are demanding private creditors take a bigger haircut on Gree...
By: Rant About It
Beware This ?Tax Haven?
2011-09-20 22:10:00 Canada, tax haven? The strange logic of the IRS. Plus... More bizarre consequences of a previous Obama ?jobs bill,? the threat they pose to your wealth, and the best way to safeguard it.
Hello Delaware!!
2011-09-20 20:32:00 It’s been a long time coming but I’m finally back in Delaware for a few weeks. It’s been three years since I moved back to NY and I can’t tell you how much I missed it down here. The second we rolled in my eyes lit up to the point I swear they were glowing. ...
Parasite on the World Economy
2011-08-02 21:33:00 Debt ceiling verdict: Putin declares Uncle Sam "parasite" on the world economy, Asians load up on gold. Plus... Americans' income stalls, spending contracts: A deeper downturn and weaker recovery than the numbers first said.
Housing and Interiors
2011-07-28 06:49:00 Prof. Dr. Pintsch, Dr.tech.(h.c.), M.Arch., M.Civ.Eng., MBA As long as the billions strong and naturally produced two-legged species exists,it will require for the fulfillment of its basic...
By: Light Within
Blame the Full Moon?
2011-06-16 21:30:00 Is it Greece, a rotten economy or a full moon fooling with the markets? The precedents of the "Puetz window." Plus... False alarm: Our financial crisis warning, picked up by two unlikely sources...
Where?s the Outrage?
2011-06-15 21:45:00 Where's the outrage? Greece erupts anew, while Bernanke & Co. draw a crowd you can count on one hand... Plus... Vancouver iconoclast Doug Casey going mainstream? Reveals to Yahoo Finance the asset class (other than gold) he likes the most...
Test public housing residents for drugs
2011-06-14 15:26:00 The idea of testing Chicago Housing Authority tenants for illegal drug use is drawing the usual, tiresome objections from the usual, tiresome complainers: It's humiliating, offensive, invasive and insensitive. It's more "blaming the victim" and punishing "people for being poor." But, it's also a good idea. Anyone 18 years or older who applies to become a CHA resident or who renews a housing lease would be tested under the proposal. Those testing positive would be directed into a free drug-treatment program funded by the city. Those refusing treatment could face eviction....
What Rebellion?
2011-06-13 21:04:00 Ctrl+Alt+Bernanke: Hackers break into IMF, while "Anonymous" ups the ante on Bernanke -- or does it? Plus... Brazilian currency, commodity speculation: Chris Mayer examines two more triggers for the next financial crisis
Negative Equity and the Next Crisis
2011-06-10 20:57:00 Jim Rogers agrees: The next crisis will be worse. We identify another potential catalyst. Plus... What's next for the dollar? Abe Cofnas plugs Bernanke's latest speech into a word cloud for clues
Can the CHA really drug test public housing residents?
2011-06-08 22:01:00 There's a lot being said about the Chicago Housing Authority's new proposal to drug test all of its residents. Many residents have come out against it. Others are all for it - saying they think it'll make public housing safer. But I wanted the facts. Is drug testing legal? Will it keep people safe? Does it make sense? I sat down with Ed Yohnka, director of communications and public policy for the Illinois American Civil Liberties Union, to get answers to these questions. I'm going to tell you what he told me - my questions, his answers. Read it and decide for yourself. More at chicagoreporter.com...
OPEC, A Toothless Tiger
2011-06-07 21:20:00 Whither OPEC? Why the oil cartel is a shadow of its former self, and what it means for your portfolio. Plus... The new oil and gas power rising in OPEC's backyard, and the best way to invest among three possibilities.
The devastated housing market on Chicago's South and West sides during
2011-06-07 15:00:00 Former Mayor Richard M. Daley will be remembered for the rise of shiny, new downtown condominiums and the fall of towering public housing buildings. But his tenure should also be remembered for declining homeownership and the dramatic rise of cost-burdened renters and home owners in many of Chicago's South and West side communities....
Oil Find As Big As Saudi?
2011-06-06 22:05:00 The death of Israel's wealthiest man, and the birth of a new wealth opportunity. Plus... The new No. 1 oil producer? Discovery that could dwarf Saudi Arabia and all the rest
Are Winnetkans opposed to affordable housing?
2011-06-06 13:35:00 Or are Winnetkans, many of whom once lived in Chicago, accomplished ballot stuffers? Either conclusion, or none, can be drawn from the results of an online poll conducted by The Winnetka Current, a local newsweekly. The poll questions and current results are as follows: Should Winnetka explore creation of a community land trust or use inclusionary zoning as part of its affordable housing plan? A. Yes, this is common practice in other villages the best way to support the plan. -- 71 votes, 24% B. Maybe. The Village should closely study these options before making a decision. -- 10 votes, 3% C. No, neither of these options is right for Winnetka -- 112 votes, 37% D. No, Winnetka shouldn't...
Despite Falling Home Prices Housing Costs Have Gone Up
2011-06-01 22:42:00 With the steady stream of news that home prices continue to plunge in the Chicago area many buyers are waiting to find the bottom. Just yesterday the Case Shiller home price index for Chicago came out and it showed that area home prices have fallen for the 7th month in a row and continue to drop about 2% per month. So you would expect that the cost of owning a home is going down, right? Wrong! In fact, home ownership costs actually bottomed in October 2010. By February they actually rose more than 8%, despite the fact that home prices have dropped by around 7.5% during this same period. How is that possible? Mortgage rates have risen during that...
Catalyst for Crisis
2011-06-01 21:57:00 Two more triggers for the pending financial crisis: Insolvent U.S. banks and the return of the CDO monster. Plus... Chris Mayer on site in a frontier market rich in natural resources -- and that's not even the best thing going for it.
Warning: Crisis Ahead
2011-05-31 23:01:00 Distant signals of an impending financial crisis: Hair-raising figures on derivatives, Fed balance sheet. Plus... Seizing opportunity from crisis: Outsize returns from frontier markets, and how to spot one
Nauticam NA-XZ1 Housing
2011-05-30 15:46:00 Nauticam proudly announces the NA-XZ1 Housing for Olympus XZ-1. Following on the heels of the successful Panasonic LX5 from Nauticam, the XZ-1 is Nauticam?s second entry into the advanced compact camera world. Like the LX5, this camera and housing package offers complete control and image quality traditionally only available from much larger SLR systems with ...
FP7000 Housing & Accessories
2011-05-30 15:46:00 Fantasea Line is pleased to introduce the Nikon Coolpix P7000 Camera & Housing Set and a complete line of underwater photo accessories specially designed for the FP7000 Housing. The Perfect Camera & Housing Bundle Now Available- Nikon Coolpix P7000 Camera & Housing Set (Cat. No. 11181) Includes: Nikon Coolpix P7000 Digital Camera Fantasea FP7000 Housing ...
A Historic Day ? Really
2011-05-25 22:08:00 A "historic day" in one frontier market, and the opportunity it underscores. Plus... Prediction fail: Internet still flows freely without government interference, but leading politician undeterred.
Service day - make affordable housing happen in Highland Park
2011-05-20 02:44:00 Community Partners for Affordable Housing (CPAH) is calling for 15 volunteers to help with painting and landscaping at a 3-bedroom, 2-bath home that's being prepared for a new homeowner in the Sherwood Forest area of Highland Park. Help is needed Sunday May 22, from 9 a.m. to 1 p.m. CPAH guarantees a "feel good" time - and free pizza. Volunteers need to RSVP by e-mail to akaufman@cpahousing.org. Space is limited, so act quickly. The fixed-up home will be made available for a household earning less than 80% of the area's median income, or $60,000 for a family of four....
Is Chicago's Housing Market As Bad As Detroit's?
2011-05-13 23:35:00 I find it hard to believe that Chicago's real estate market is anywhere near as bad as Detroit but I was shocked to learn that the serious delinquency rate for first liens in the broader Chicago metro area at the end of 2010 was in excess of 11% and actually slightly higher than Detroit. I got this information from a gratis copy of Keith Jurow's Chicago housing market report where he shows a graph from the Local Initiatives Support Corporation. Seriously delinquent includes mortgages that are at least 90 days delinquent or in formal default. The graph shows Detroit ahead of Chicago for most of 2009 and 2010 but as Detroit's problems trailed off their delinquency rate finally dropped...
New Fuel for the Gold Bull
2011-05-12 22:30:00 "Still bullish" -- New evidence China is propping up gold near $1500. Plus... More fuel for the gold bull: A second Hong Kong exchange opens doors to gold traders.
Ben?s Secret Plan!
2011-05-05 22:56:00 Ben Bernanke's "secret" plan to support the dollar: Let the economy tank! Wow... it's already working. Plus... Dollar rallies, but for how long? Abe Cofnas sizes up U.S., Aussie, loonie
Upgrading of Housing
2011-04-29 07:51:00 Norbert Pintsch, Ghayyoor Obaid, Njini Victor, Ndu-Ricardo Coslez - Institute for Planning and Consulting The departure from tested construction principles (e.g. local construction materials,...
By: Light Within
Extreme Housing and Economy
2011-04-10 18:51:00 Dr Norbert Pintsch The question is not, what is technologically and scientifically possible, but what is reasonable and sensible from a social point of view. In the previous article Extreme Housing...
By: Light Within
Higher Rates Approaching
2011-04-07 21:54:00 Like swine flu, rising interest rates spread westward across the globe: Abe Cofnas on the return of the "carry trade" and prospects for the dollar. Plus... Another harbinger of a stock rally due for a rest, and why thin volume is about to get even thinner
Is The Housing & Foreclosure Crisis Really Over?
2011-04-05 21:36:00 If you listen to the news, much has been said about our country's slow & fragile recovery from the "great recession."
Torch the Pipelines?
2011-02-23 22:01:00 Oil production already down 25% in Libya? and how it could quickly reach zero. Just in: Prestigious brokerage matches Byron King?s bold oil prediction. Grains pull back? Alan Knuckman on where they go from here. Why the National Association of Realtors has even less credibility today than yesterday. Mozilo skates? Why the Countrywide chief?s fate is only the beginning...
Lessons Learned, Lessons Ignored
2011-02-11 23:29:00 Mubarak learns his lesson, but the U.S. Treasury forges on in ignorant defiance: The 5 picks apart Fannie/Freddie ?reform.? Chris Mayer squares the perky quarterly earnings reports with the lousy jobs picture. Dutch court orders pension fund to sell most of its gold holdings... while China looks to bulk up to Fort Knox proportions. Is Glenn Beck following our work? Striking visual evidence. ?Watch the earnings in 2012? and other sage advice from your fellow readers.
Get in the Game? Get Real!
2011-02-10 22:56:00 Obama urges business to ?get in the game?... The 5 and Odyssey Marine suggest why they?ve been on the sidelines. China plows another $5.4 billion into Canadian fossil fuels. Sarnoff on an ?awfully interesting? market and where it goes from here. Wheat, corn, soybeans hit 2-year highs... What?s behind the latest upsurge. Readers inquire why Somali pirates don?t get their just desserts... We supply a ?politically correct? answer.
WikiLeaks? Old News
2011-02-09 23:01:00 Breaking news: WikiLeaks exposes the sham of Saudi Arabia?s oil reserves. Somali pirates make one of their biggest strikes yet: Byron King on why it?s even more alarming than the industry is letting on. Silver holds firm above $30? How China could drive it to $100. Newest indignity for Romania?s witches: Fines and prison terms if their predictions don?t pan out... |
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