Diamond Residential Mortgage

Icon

The Mortgage Blog Of Diamond Residential Mortgage

2013 Home Prices Continue To Increase

According to the S&P/Case-Shiller Home Price Indices, home prices grew impressively in January. The 20-city home price index grew by 8.1% from January 2012-January 2013. S&P Dow Jones chairman of the Index Committee David M. Blitzer said, “economic data continue to support the housing recovery.” Blitzer also stated ““single-family home building permits and housing starts posted double-digit year-over-year increases in February 2013. Despite a slight uptick in foreclosure filings, numbers are still down 25 percent year-over-year.” More here

Single-Family Housing Units Soar

Future home-building permits have increased to a 4 1/2 year high and single-family units have soared to the highest level seen since the middle of 2008. In comparison, multi-family unit housing has started the month of January slightly sluggish according to the Commerce Department, but single-family units are making up for whatever loss the housing market may experience, helping continue to grow the market and remain on the right track. More here

New Housing Completions Continue To Grow

New housing starts on private residences in November came in 3% below the October estimate of 888,000 starts, according to the U.S. Census Bureau and the Department of Housing and Urban Development. While the estimated percentage was not met,  analysts with Econoday, an economy announcement company said, “the November slowdown is a minor pullback after strong gains the prior two months.” Econoday analysts suggested  the recent decrease in housing starts can be blamed on slow construction in many areas. Building permits grew in November with 899,000 permits filed, a 3.6% increase from October and 26.8% from last year with 709,000 filings. There were  677,000 housing completions in November, 16.1% above the November 2011 rate of 583,000 housing completions. More here

Housing Starts Hit Four Year High In October

Figures released by the U.S. Census Bureau and the Department of Housing and Urban Development show privately owned housing starts up 3.6 percent in October, which puts them 41.9 percent above last year’s rate. The improvement beat economists’ expectations and helped new residential construction hit its highest rate in more than four years. Building permits, on the other hand, slipped from September, falling 2.7 percent. Despite the dip, they are still up nearly 30 percent above last year’s rate. Also, single-family authorizations posted a 2.2 percent improvement in October. More here and here.

Housing Starts Up 15 Percent In September

Estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show housing starts and building permits both surged in September. Privately-owned housing starts jumped 15 percent above the revised August estimate of 758,000 to a seasonally adjusted annual rate of 872,000. The improvement puts new residential construction 34.8 percent above last year’s level. Additionally, single-family housing starts were up 11 percent for the month. Building permits, which are an indicator of future activity, also saw large gains in September. Permits were up 11.6 percent for the month and are now 45.1 percent above last September’s estimate. Single-family authorizations rose 6.7 percent. More here and here.

Housing Starts Now Nearly 30 Percent Above Last Year

The latest estimates from the U.S. Census Bureau and the Department of Housing and Urban Development show construction of new homes gaining ground in August. According to the report, housing starts rose 2.3 percent above July’s estimate of 733,000 and are 29.1 percent above last year’s rate of 581,000. The improvement included a 5.5 percent spike in single-family housing starts, the best pace in more than two years. Despite the gains, building permits were flat for the month. Single family authorizations were up just 0.2 percent and total authorizations were down 1.0 percent. Still, permits were 24.5 percent above the August 2011 estimate. More here and here.

Housing Starts Now Nearly 30 Percent Above Last Year

The latest estimates from the U.S. Census Bureau and the Department of Housing and Urban Development show construction of new homes gaining ground in August. According to the report, housing starts rose 2.3 percent above July’s estimate of 733,000 and are 29.1 percent above last year’s rate of 581,000. The improvement included a 5.5 percent spike in single-family housing starts, the best pace in more than two years. Despite the gains, building permits were flat for the month. Single family authorizations were up just 0.2 percent and total authorizations were down 1.0 percent. Still, permits were 24.5 percent above the August 2011 estimate. More here and here.

Building Permits Climb To Four Year High In July

The latest estimates from the U.S. Census Bureau and the Department of Housing and Urban Development show permits to build privately-owned housing units reached a four-year high in July. Building permits rose 6.8 percent from June’s rate of 760,000 to a seasonally adjusted annual rate of 812,000, which is nearly 30 percent higher than they were a year earlier. Permits to build single-family homes increased 4.5 percent. Construction of new homes and apartments, on the other hand, slipped in July. Housing starts fell 1.1 percent after rising nearly 7.0 percent the month before. Despite the drop, housing starts remain 21.5 percent above year-ago levels. More here and here.

Housing Starts Rise To Highest Level Since 2008

Construction of new homes and apartments rose 6.9 percent in June, reaching the highest level since October 2008. The U.S. Census Bureau and the Department of Housing and Urban Development’s New Residential Construction Report shows privately-owned housing starts were at a seasonally adjusted annual rate of 760,000. The increase put total housing starts 23.6 percent above last year’s level. Building permits, which are an indicator of future construction, fell 3.7 percent in June but remain 19.3 percent above 2011. The drop in permits was largely due to a decrease in multifamily permits. Single-family authorizations were virtually unchanged from the month before at a rate of 493,000, 0.6 percent above May’s figure of 490,000. More here and here.

Housing Starts Up 30 Percent From Last Year

According to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development, privately-owned housing starts in April were at a seasonally adjusted annual rate of 717,000. That’s 2.6 percent above March’s revised number and 29.9 percent above April 2011. Single-family housing starts were also up in April, rising 2.3 percent from the month before. And though total building permits fell after rising 4.5 percent in March, single-family authorizations were at a rate of 475,000, which is a 1.9 percent increase over March’s revised figure of 466,000. More here.

 

Enter your email address:

Delivered by FeedBurner

About Us:

As a company that cares about people, Diamond Residential Mortgage Corporation is keenly focused on meeting the needs of our customers.

At DRMC we do business with old fashioned beliefs and values – people working with people to get the job done. Our company is made up of experienced mortgage banking professionals where the founders of the company collectively have accumulated 200 years experience in the mortgage industry.

With excellent technology and our highly skilled team of mortgage professionals we put our heart and soul into people working with people locally to deliver our products with integrity, on time, error free and with a goal of “Recommendation Without Reservation.”

We welcome you to join our family as a customer, future employee or as a friend!

Contact:

Diamond Residential Mortgage Corporation
Serving the Residential Home Mortgage Loan Community
3701 E. Grand Ave., Suite E
Gurnee, IL 60031
Office: (847)244-9301
Toll Free: (800)253-4788
Fax: (847)244-9332

Email:

info@drmconline.com

Website:

www.diamondresidential.com

 

Diamond Residential Mortgage Corporation (DRMC) Disclosures and License Information:

DRMC is an Equal Housing Lender and an Illinois Residential Mortgage Licensee. DRMC fully complies with the Equal Credit Opportunity Act, Real Estate Settlement Procedures Act, Regulation Z, Regulation X, MDIA, TILA, and all other Federal and State Regulations. We are licensed in the following States under the corresponding license numbers.

Illinois:

Licensed through the Department of Financial and Professional Regulation Division of Banking, License # MB.6760694

Iowa:

Licensed Applied For

Indiana:

Licensed through the State of Indiana Department of Financial Institutions, License # 11238

Kansas:

Licensed through the Office of the State Bank Commissioner Consumer and Mortgage Lending Division, License #MC.0025034

Michigan:

Licensed through the Department of Energy, Labor and Economic Growth Office of Financial and Insurance Regulation, License # FL 0016994

Minnesota:

Licensed through the State Of Minnesota Department of Commerce, License # 40179067

Missouri:

Licensed Applied For

Wisconsin:

Licensed through the State of Wisconsin Department of Financial Institutions, License # 700297

 

April 2014
S M T W T F S
« May    
 12345
6789101112
13141516171819
20212223242526
27282930  
Follow DiamondResMtg on Twitter
Diamond Resi…

Archives

Super Tags Widget

Freddie Mac Improvements Home Values Distressed Sales Affordability Spike Interest Rate Housing And Urban Development April Nar Mortgage Loan Application Sales Pace Gurnee Pending Home Sales Index Chief Economist Loan Demand U S Census New Houses Year Fixed Rate Mortgages Foreclosure Market Nbsp Midwest Illinois Buying A Home Building Permits New Home Sales Mortgage Mortgage Applications Mortgage Application National Association Of Realtors Mortgage Activity Signs Foreclosure Rates Composite Index Loan Balances U S Census Bureau Conforming Loan Rose Job U S Department Realtytrac New Single Family Economics Consumers Census Bureau Survey Loan Application National Association Of Home Builders Economists Single Family Refinance Average Mortgage Application Volume Low Mortgage Existing Home Sales Economy New Homes Index Measures Applications Housing Market Consumer Confidence Mortgage Rates Pace Foreclosures Foreclosure Amp Association Of Realtors National Housing Survey Current Sales Borrowers Homes For Sale 30 Year Fixed Rate Mortgages Second Quarter Vice President Respondents Market Index Purchase Index Doug Duncan Estimates Nahb Diamond Residential Mortgage Jumbo Loans Housing Starts Prospective Buyers Department Of Housing And Urban Development Participants Department Of Housing Median Sales Price Decline First Quarter Fixed Rate Mortgages Metropolitan Areas Mortgages Economic Growth Mba Confidence Six Months Mortgage Bankers Association Housing Development Fannie Mae