More than 650 area residents representing a wide range of interests gathered at a Rally for Homeownership today in Detroit to highlight homeownership's vital importance to families and to the economy.
Home prices hit a bottom and are finally bouncing back, according to an industry report released Tuesday.
Nationwide, home values rose 0.2% year-over-year to a median $149,300 during the second quarter, the first annual increase since 2007, real estate listing site Zillow reported. Prices were up 2.1% from the first quarter.
The National Association of Home Builders (NAHB) commends the National Lieutenant Governors Association (NLGA) for approving a resolution recently that underscores the importance of homeownership, and calls on Washington policymakers to take action to shore up the nation's housing markets to achieve a long-lasting economic recovery.
The National Association of Home Builders (NAHB) told Congress today that an unwieldy federal regulatory process is hampering the housing and economic recovery.
With home sales picking up and contractors seeing more positive business conditions in the future, remodeling activity in the U.S. is in a position to see accelerated growth by the end of this year and into 2013, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Nationwide housing production rose by 6.9 percent to a seasonally adjusted annual rate of 760,000 units in June, according to newly released figures from HUD and the U.S. Census Bureau. This is the fastest pace of new-home construction since October of 2008.
Existing-home prices continued to show gains but sales fell in June with tight supplies of affordable homes limiting first-time buyers, according to the National Association of Realtors.
Despite popular belief, a recent analysis of government data by the National Association of Home Builders (NAHB) reveals that the geographic distribution of households headed by someone age 55 or older is fairly even across most of the country, with more than 30 percent of all households in every state meeting this description.
