Real estate news

• Housing Starts Decline in May, Building Permits Rise

  18-06-2016 02:03
  
  Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,138,000. This is 0.7 percent (±1.3%)* above the revised April rate of 1,130,000, but is 10.1 percent (±1.8%) below the May 2015 estimate of 1,266,000. This, according to a joint announcement Friday on new residential construction statistics for May 2016, from the U.S. Census Bureau and the Department of Housing and Urban Development.
  Single-family authorizations in May
  
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• Applications for New Home Purchases Decrease in May

  18-06-2016 02:01
  
  In May, mortgage applications for new home purchases decreased by 6 percent relative to the previous month, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS).This change does not include any adjustment for typical seasonal patterns.
  “Despite applications being down in May, each month this year has seen positive year over year growth in mortgage applications for new homes, and we expect modest growth in housing starts to be reported later this week as the
  
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