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Housing Headlines

ECONOMIC NEWS

 

 

Bloomberg

Housing starts in U.S. surged to a nine-year high in October

U.S. new-home construction jumped to a nine-year high in October as an outsized advance in the number of apartment projects accompanied a strong pickup for single-family housing.

 

MarketWatch

5 big real-estate trends to watch in 2017

president is likely to presage some dramatic changes in 2017 for the housing industry, which saw healthy increases ion values this year, thanks to factors including low interest rates, lower gas prices, stronger wage growth and millennials getting off the fence and entering the market.

 

HousingWire

Homeowners: Don't worry – low income housing isn't driving down your home value

Some of the greatest resistance to affordable housing comes from homeowners who don't want to see a drop in their home's value, however how founded are those beliefs? Trulia's new report may provide some answers.

 

U.S. News & World Report

Is the seller's housing market finally over?

The U.S. housing market crawled out of the recession and has been climbing ever since. Sale prices continue to grow, and buyers who have been squeezed out of the market wait patiently in the wings for the tight inventory to relax.

 

Forbes

How President Trump could affect the value of your home

In July the U.S. Census Bureau announced that the homeownership rate in this country had hit its lowest level since the government began measuring the stat in 1965. Then candidate Donald Trump jumped on the news with a tweet suggesting the figure proved his most consistent message: the economy is failing you.

 

 

The Wall Street Journal

What economists expect from a Donald Trump economy

Over the coming months, the policy priorities of President-elect Donald J. Trump will become clearer, and as they do, economists may have to revise their expectations for the years ahead.

 

The Wall Street Journal

GDP, inflation and interest rates forecast to rise under Trump presidency

The presidency of Donald Trump is poised to usher in a new era for the U.S. economy that forecasters say could boost economic growth, bring higher interest rates and inflation, and a new set of potential risks including international trade wars. (Subscription may be required.)

 

The New York Times

Teslas in the trailer park: A California city faces its housing squeeze

If there is anything that just about every Californian agrees with, it is that it costs too much to live in the state. Over the last few years, the price of buying a home or renting an apartment has become so burdensome that it pervades almost every issue, from the state's elevated poverty rate to the debate about multimillion-dollar tear-downs to the lines of recreational vehicles parked on Silicon Valley side streets.

 

Los Angeles Times

What will a President Trump mean for SoCal housing and L.A.'s building boom?

With home prices and rents rising in Southern California, developers are busy building houses, condos and apartments -- particularly in downtown Los Angeles, where a residential building boom is underway.

 

HOUSING FINANCE

 

The Wall Street Journal

The mortgage market is changing fast

The remaking of U.S. politics also is likely to upend the nation's mortgage market. There are two reasons why: interest rates and regulation. (Subscription may be required.)

 

The Wall Street Journal

Trump win juices mortgage rates

Mortgage rates have spiked in the wake of Donald Trump's election victory. Average rates on 30-year fixed conforming mortgages hit 3.87% on Thursday, climbing a quarter of a percentage point since Tuesday's market close, according to MortgageNewsDaily.com, which tracks mortgage rates. That is the biggest increase in a two-day period since June 2013 when the Federal Reserve announced its plan to start easing its stimulus program, according to the site. (Subscription may be required.) 

 

MarketWatch

Quicken Loans and fellow nonbanks dominate the low-down-payment mortgage market

Nearly a decade after the housing crisis, the mortgage market has evolved in unexpected ways, with nontraditional financiers increasingly backing ever more leveraged loans.

 

The Wall Street Journal

Fannie, Freddie shares soar even as fate remains foggy

It is back to the drawing board for any overhaul of housing finance—and the future of Fannie Mae and Freddie Mac. Shares of the mortgage-finance companies are up sharply since Election Day even though President-elect Donald Trump gave little if any indication during his campaign of what might happen to them in his administration. Over the past three days, shares of both Fannie Mae and Freddie Mac each have risen more than 60%. (Subscription may be required.)

 

American Banker

Hensarling targets GSE reform, Dodd-Frank rollback in ambitious agenda

House Financial Services Committee Chairman Jeb Hensarling recited a litany of priorities for his panel next year, touching on everything from the very broad, like housing finance reform, to the specific, including targeting a proposal to rein in payday lending. (Subscription may be required.)

 

The New York Times

Fannie and Freddie's status continues to provoke criticisms

The presidential campaign that just ended was notable for a lack of debate about housing — in particular the uneven state of the United States mortgage market nine years since the start of the financial crisis.

 

The Wall Street Journal

FHA capital reserves rise to pre-crisis levels

A federal housing agency on Tuesday said its reserve levels have returned to pre-financial-crisis levels, prompting calls from some in the housing industry for measures to reduce costs for borrowers.

 

PRODUCT NEWS

 

Sherwin-Williams: Loxon XP™ Masonry Coating

Loxon XP™ Masonry Coating - maximum performance in one less coat.

Sherwin-Williams Loxon XP saves time and money. This direct-to-concrete and masonry coating needs no priming and requires one less coat compared to conventional products. Most important, Loxon XP provides outstanding protection against rain, alkali and efflorescence. 

 

LiftMaster

Win over buyers with smarter homes.

Connected garage door openers are the most frequently used smart device in homes today, but ours go beyond the garage and connect with smart security, climate control and lighting products. See how you can entice more people to buy from you.

 

Professional Warranty Service Corporation

Are You Missing a Huge Opportunity With An Entire Demographic of Influential Buyers?

With approximately 32 million Baby Boomers —half of whom may be shopping within the next few years—this shrinking, but still considerable generation, represents a largely untapped market for home builders. Do you have viable home options that appeal to Boomers?

 

INDUSTRY NEWS

 

The Wall Street Journal

With workers scarce, more home builders turn to prefab construction

A persistent shortage of construction workers across the U.S. is prompting some of the nation's largest home builders to experiment with a model they once derided: factory production. (Subscription may be required.)

 

MORTGAGE INTEREST DEDUCTION

 

National Mortgage News

Trump has no plans to change the MID: Economic adviser