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Residential Construction Spending Up in November

Private residential construction spending increased again in November, rising 0.4 percent from October to November in what is shaping up to be an encouraging 2012 for residential construction, according to the latest data from the Census

Chicago Home Prices Fall 1.5 Percent in October Case-Shiller

Chicago home prices fell by 1.5 percent from September to October in the latest Case-Shiller Home Price Indices from Standard & Poor’s. In addition, Chicago home prices were down 1.3 percent from October 2011; though a number of other

Multifamily Housing Dominates November Architecture Billings Index

The multifamily housing market continued its dominant performance in the American Institute of Architects’ (AIA) Architecture Billings Index, a leading economic indicator of future construction activity that is based on the billings from the nation’s architectural firms. For November, the

NAR Gives A Great Xmas Present with its Existing-Home Sales Report

There was nothing but good tidings and cheer in the National Association of Realtors’ (NAR) existing-home sales report for November, which found existing-home sales to have increased 5.9 percent from October to November and 14.5 percent from November 2011.

Building Permits Up 26.8 Percent in New Census Bureau Study

Building permits increased 3.6 percent from October to November and 26.8 percent year-over-year in the latest joint study by the U.S. Census Bureau and the Department of Housing and Urban Development. Altogether, between single-family and multifamily authorizations, building permits

November Home Sales Rise 35.6 Percent in Suburban Chicago

Home sales in suburban Chicago increased by 35.6 percent year-over-year in November as the market continued to show signs of a recovery, according to the latest stats from the Mainstreet Organization of Realtors (MORe). Altogether, MORe’s data covered 200

NAHB Housing Market Index Hits Highest Level Since April 2006

The National Association of Home Builders/Wells Fargo Housing Market Index, the leading measure of builder confidence for the newly-built, single family home market, rose for the eighth consecutive month in December, hitting its highest mark since April 2006. Rising two

Home Prices Up 3.7 Percent in FNC Residential Price Index for October

Declining foreclosure activity and strengthening home sales contributed positively to home prices in October, with FNC’s latest Residential Price Index increasing 3.7 percent year-over-year for the month. In addition, the Residential Price Index was up 0.4 percent from September

Could Mortgage Interest Rates Fall Even Further in 2013?

The precipitous decline of mortgage interest rates has been one of the major stories in real estate in 2012, but recent actions by the Federal Reserve has some thinking that rates could fall even further in

Trulia American Dream Survey Confronts ‘Renter Nation’ Meme

In its latest American Dream Survey, real estate website Trulia found that 93 percent of millennials who rent plan to purchase a home some day, and 72 percent of the entire demographic consider homeownership to be part of their American

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