Economy: Page 44
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Could a slowdown be underway in the Bay Area?
After its booming tech industry drove San Francisco to become one of the nation's hottest housing markets, the area is now one of the slowest growing.
By Joe Dyton • June 29, 2017 -
Senators preparing plan to overhaul Fannie Mae and Freddie Mac
The bipartisan effort aims to end the companies' duopoly and create more competition in the secondary mortgage market.
By Joe Dyton • June 29, 2017 -
Pending home sales fall for third-straight month
Experts say the category will likely continue to trend downward as long as the necessary housing supply lags behind increasingly strong demand.
By Mary Tyler March • June 29, 2017 -
Central US home to best housing markets for growth, stability
Boulder, CO, and Austin-Round Rock, TX, are the top two markets for strong and steady housing market growth in 2017, according to SmartAsset.
By Joe Dyton • June 28, 2017 -
US home prices edge up in April, but fall short of analyst predictions
Some observers are concerned the home price gains could lead to a bubble if growth drops as rapidly as it has climbed.
By Mary Tyler March • June 28, 2017 -
Homebuyer demand reaches highest level since 2013
High demand and increasingly limited inventory are fueling heated competition for homes in today's seller's market, according to a new report from Redfin.
By Mary Tyler March • June 28, 2017 -
Is housing's middle class as big as it thinks it is?
More people say that's the social class they belong to, but true indicators could come down to salary and how much they will have to pay in taxes.
By Joe Dyton • June 28, 2017 -
$48M Detroit asset sale to help fund $2B Gordie Howe bridge
Mayor Mike Duggan said the proceeds would be used for initiatives including resident relocation, job training and area health monitoring during construction.
By Kim Slowey • June 27, 2017 -
US adds more duties to Canadian softwood lumber imports
The addition of an antidumping tax of up to 7.72% brings total preliminary duties on the product to between 17.41% and 30.88%.
By Hallie Busta • June 27, 2017 -
Seller optimism could mean more homes on the market
A majority of homeowners think now is a good time to sell, but the share of those who believe now is a good time to buy is slipping, according to a new report.
By Mary Tyler March • June 27, 2017 -
Moody's forecasts growth in homebuilding activity, revenues
Builders continue to face lot and labor shortages while low interest rates and strong employment push demand for housing higher.
By Hallie Busta • June 27, 2017 -
Fundrise launches tool for crowdfunding housing
Launching in Los Angeles, the investor group's eFunds help to develop housing in high-density areas using a large volume of small investments.
By Joe Dyton • June 27, 2017 -
Senior homeowner equity grows as home prices rise
Many older owners are using their rising home values to leverage the cost of "aging in place" improvements, says the National Reverse Mortgage Lenders Association.
By Joe Dyton • June 26, 2017 -
Where new housing can't keep up with job growth
California is home to six of the top 10 U.S. markets where payrolls are growing at a faster rate than the number of new-home construction permits issued.
By Mary Tyler March • June 26, 2017 -
New home sales lift in May
Strong demand and a continued lag in production of new inventory continues to put pressure on sales activity.
By Mary Tyler March • June 23, 2017 -
Taiwanese tech giant Foxconn considering $10B US manufacturing investment
Several states are in the running for the massive spend, which could include a $7 billion display panel factory.
By Kim Slowey • June 23, 2017 -
Rental investors profit in smaller markets
Seven in 10 homes in 25 major U.S. markets can be bought by small investors and rented out at a profit, according to a report from Zillow.
By Mary Tyler March • June 23, 2017 -
May construction starts inch up as volatile recovery continues
Four major pipeline projects kept last month's overall construction starts out of negative territory, according to Dodge Data & Analytics.
By Kim Slowey • June 22, 2017 -
ABC: Q1 construction backlog grows in all categories
The backlog indicator showed an increase of 8.1% to nine months from the fourth quarter of 2016.
By Kim Slowey • June 22, 2017 -
CA home prices, sales rise in May
A decline in active listings, meanwhile, contributed to further reductions in housing supply across the state.
By Mary Tyler March • June 22, 2017 -
Western NY leads country in housing affordability
Rochester and Buffalo led U.S. metros with populations above 1 million when their median home values were compared with median area income.
By Mary Tyler March • June 22, 2017 -
Deep Dive
The gentrification effect: What new development means for communities
City officials and developers must weigh the positive investment resulting from new projects with the possible ramifications for the surrounding area.
By Kim Slowey • June 22, 2017 -
Existing-home sales bounce back in May
In many parts of the country, homes are likely to continue to go under contract at record speeds this summer as supply lags demand.
By Mary Tyler March • June 21, 2017 -
$1B hotel and convention center coming to Chula Vista, CA
The San Diego–area project is expected to create 3,100 temporary construction jobs and generate $390 million annually for the local economy.
By Kim Slowey • June 21, 2017 -
DC leads most expensive US states to buy a home
Elevated home prices pair with high closing costs — sometimes the determining factor of whether a buyer can afford the home — in these markets.
By Mary Tyler March • June 21, 2017