Time to Build an Apartment Building in 2015

The average length of time to complete construction of a multifamily building, after obtaining authorization, was 14 months according to the 2015 Survey of Construction (SOC) from the Census Bureau. The permit-to-completion time increased by approximately one month from 2014 to 2015, as per unit median square footage and share of multifamily for sale rose.   The average time to... Read More ›...(read more)

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Relief for Renters Will Prolong Fed's Wait to Hit Inflation Goal

Bloomberg Relief for Renters Will Prolong Fed's Wait to Hit Inflation Goal Bloomberg Welcome news for America's renters could be unhelpful for the Federal Reserve. Close all those tabs. Open this email. Get Bloomberg's daily newsletter. Sign Up. Politics. The latest political news, analysis, charts, and dispatches from the campaign trail....(read more)

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US bonds decline ahead of Fed minutes – do Treasurys look appealing?

U.S. Treasury bonds continued to decline on Monday, with yields creeping up towards levels reached around the Brexit vote on June 23....(read more)

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The Future is still Bright!

Three and a half years ago I wrote The Future's so Bright ... . In that post I outlined why I was becoming more optimistic. It is time for another update! For new readers: I was very bearish on the economy when I started this blog in 2005 - back then I wrote mostly about housing (see: LA Times article and more here for comments about the blog). I started looking for the sun in early 2009, and recently I've been more optimistic. Here are some updates to the graphs I posted 3+ years ago.  Several of these graphs have changed direction since that original post.  As example,......(read more)

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Black Knight: House Price Index up 1.1% in May, Up 5.4% year-over-year

Note: I follow several house price indexes (Case-Shiller, CoreLogic, Black Knight, Zillow, FHFA, FNC and more). Note: Black Knight uses the current month closings only (not a three month average like Case-Shiller or a weighted average like CoreLogic), excludes short sales and REOs, and is not seasonally adjusted . From Black Knight: Black Knight Home Price Index Report: May 2016 Transactions, U.S. Home Prices Up 1.1 Percent for the Month; Up 5.4 Percent Year-Over-Year • U.S. home prices were up 1.1% for the month, and 5.4% from a year ago • At $263K, the U.S. HPI is up nearly 32% from the......(read more)

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The Best Cities to Invest in Real Estate on a Budget

Here's why aspiring real estate moguls may want to consider purchasing a rental residence in another, lower-priced city where prices and rents are rising. The post The Best Cities to Invest in Real Estate on a Budget appeared first on Real Estate News and Advice - realtor.com ....(read more)

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Yellen Still Waiting for Overwhelming Evidence to Warrant Hike

Bloomberg Yellen Still Waiting for Overwhelming Evidence to Warrant Hike Bloomberg For Federal Reserve officials, getting better never seems to rise to good enough. Since the policy-setting Federal Open Market Committee last gathered six weeks ago, economic reports have shown one example of U.S. resilience after another following a ... and more »...(read more)

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