AUSTIN, TEXAS-With millions of Americans either unable to secure a mortgage or having to remain in their current home because they cannot sell the property, remodeling activity continues to soar. BuildFax unveiled its Remodeling Index (BFRI) for July 2011 and it shows that remodeling activity reached a record high during the month.
Home remodeling activity continues ascension: BuildFax Home prices expected to remain positive in 2013 foreclosure delays beginning to wear off: RealtyTrac Foreclosure filings in July dropped to their lowest level since November 2007, due to processing delays and foreclosure prevention measures
The market had a negative reaction after the june 19 press conference – where Chairman Bernanke indicated the Fed might taper asset purchases. indication – implicit or otherwise – of the taper.. Prices gain in light trading before Fed * Fed meeting in view for hints of tapering timeline * Fed buys $1.46 bln in bonds. is tapering going to start in September," said Dimitri Delis,
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In Colorado Springs nearly 15% of homes were remodeled last year, and 12% in Orlando!”. we expect residential remodeling to continue at the same pace.”. In its ascent on our list, we see significant renovation activity.
According to the BuildFax Remodeling Index (BFRI) for August 2011, remodeling activity reached a record high during the month. BuildFax also released data today showing, based on its national footprint of permit data, an estimate of over 3.3 million residential remodeling projects will be permitted in 2011.
· Remodeling Reaches Record Levels In June Even as the economy continues to struggle and home sales sag, the remodeling industry continued to be a bright spot in June, according to BuildFax, which tracks building, remodeling and repair data on more than 70 million homes nationwide. The BuildFax Remodeling Index shows that June 2011 became the.
NAR existing home sales increase 2.1% in October WSJ: That wave of Millennial homebuyers may never come crashing Fed needs to go back to the drawing board Back to the drawing board with voter ID law – In an effort to avoid federal oversight of the state’s election laws, the Legislature passed a new voter ID law that largely codified changes ordered by the court. But the new law was halfhearted and.#14 Generation M(iddle finger).the next wave of vote against the entire system as we know it will come from millennials, who will be really pissed by then, looking for a complete shake off and overhaul. ————-Substitute “boomers” for “millennials” in the above statement and you will hear me at twenty. · July’s total inflation rate was 2.9%. By the end of this year, it should be just 2.5%. July’s 12-month rate includes last fall’s surging gasoline prices. By this December, 2017’s jump will get excluded from the yearly growth rate, bringing the headline number down.ResCap To Shed 700 More Jobs Amid Subprime Turndown The Wrap: Appraisal volume down in last week of July · A mid-sized manufacturing company produced one thousand component assemblies in July of this year, far exceeding the previous record of 843 assemblies. One week later, the firm had grills brought on site and employees were treated to a steak luncheon.Immigrant Homeownership during the Great Recession and Beyond: Role of Birth Networks. Abstract The Great Recession had signi cant economic cts both in the U.S. and around the world. There is evidence that homeownership rates declined during this period, though immigrants were less severely cted compared to natives.
Residential remodels authorized by building permits rose 15% in July to 3,144,000 from the year-ago figure of 2,725,000, according to real estate data provider BuildFax.. The rate is 6% above the.
Fannie Mae: Consumers think it’s easier than ever to get a mortgage changes in misperceptions of mortgage requirements. The original benchmark study was undertaken in the summer of 2015 and found that consumers broadly lack an understanding of the basic thresholds to qualify for a mortgage, including down payment, debt-to-income ratio, and credit score requirements.
City-Level Remodeling Activity Increases in Five Major Metro Areas, Amid. for instance moderating home prices and declining mortgage rates, the housing. of decreases, while single-family housing authorizations continued to decline.