Today’s News Synopsis:

The NAHB reported builder confidence increased this month from 59 to 65.  The National Association of Realtors released a list of markets that are down in their construction of new homes, which came out to 80% of metropolitan areas measured by the industry.  The ESR group connected with Fannie Mae also released their latest housing outlook report showing an increase in the strength of the economy, although a few areas like investment in inventory and exports are still weak.

In The News:

Fannie Mae – “Economic Growth on the Upswing, With a Few Emerging Soft Spots” (9-19-16)

“Economic growth is poised to accelerate to 2.6 percent in the second half of the year, a rebound from the lackluster growth of 1.0 percent in the first half of 2016, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research (ESR) Group’s September 2016 Economic and Housing Outlook.”

John Burns Real Estate Consulting – “Surging Demand for Homes with RV Parking” (9-19-16)

“The RV industry is on pace for record RV shipments this year. The Recreational Vehicle Industry Association (RVIA) estimates that over 400,000 RVs¹ will be shipped in 2016.”

Bloomberg – “Money Is Pouring Into Property Deals Banks Won’t Touch” (9-19-16)

“Heightened scrutiny of U.S. commercial real estate lending is paving the way for lightly regulated investors to gain a bigger toehold in lucrative deals.”

The Washington Post – “Why saying too much to a real estate agent at an open house can get you into trouble” (9-19-16)

“Have you ever visited an open house and chatted with the agent about your house-hunting needs and goals? You just showed your cards to the agent representing the seller.”

CNBC – “Queens’ population, real estate boom makes it look like the next Brooklyn” (9-19-16)

“Approximately 10 years ago, 47-year-old sculptor Micki Spiller and her husband purchased a 1930s auto body shop in Woodside, a diverse neighborhood in the New York City borough of Queens, and converted it into a home studio.”

Marketplace – “S&P 500 gives real estate a sector all its own” (9-19-16)

“As of today, there’s a new kid on the block in the world of S&P 500 sectors: real estate. Until now,  the S&P Dow Jones Indices had lumped real estate in with the financial sector. This makes real estate the 11th sector in the S&P 500, which rarely adds categories. But experts say it was time.”

DS News – “HUD Provides Snapshot of Housing Market Health” (9-19-16)

“The U.S. Department of Housing and Urban Development’s (HUD) latest housing scorecard provides a snapshot of the recovery of our nation’s housing market during August, according to a recent report from the agency.”

NAHB – “Builder Confidence Surges in September” (9-19-16)

“Builder confidence in the market for newly built, single-family homes in September jumped six points to 65 from a downwardly revised August reading of 59 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.”

Housing Wire – “These 10 markets desperately need more housing inventory” (9-19-16)

“News of a housing inventory shortage continues to proliferate as the market works in overdrive to try and construct enough houses to meet the high demand.”

 

Bruce Norris will be speaking at the AOA Million Dollar Tradeshow and Landlording Conference 2016 on Tuesday, September 20.

Bruce Norris will be presenting his newest talk Stay Put, Cash Out, Or Change Seats? with InvestClub for Women on Wednesday, September 21.

Bruce Norris will be presenting Stay Put, Cash Out, Or Change Seats? with InvestClub for Women and Robert Hall & Associates on September 28.

Bruce Norris will be presenting Cashing In On a Boom: Investing in Quadrant 4 at the Back Bay Conference Center on Saturday, October 8.

Bruce Norris of The Norris Group will be presenting the 9th annual I Survived Real Estate 2016 on Friday, October 21.

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