News

News

Another WA home builder under threat of collapse with up to 80 homes in limbo
Burswood-based builder Builton Group, which trades under the brands Platinum Homes and Aspireon Homes, seems poised to join the growing list of residential builders in Western Australia gone bust. New Home Building Brokers managing director Tristan Kirkham said he had been fielding calls from distressed staff members and contractors on Friday claiming Builton Group was going into administration.(Fri, 20 Jan 2017 09:28:36 GMT)

Briefcase: Mortgage rates fall again
Long-term US mortgage rates marked their third week of declines this week, after snapping a nine-week run of increases. Mortgage buyer Freddie Mac said Thursday the rate on 30-year fixed-rate loans fell to an average 4.09 percent from 4.12 percent last week.(Fri, 20 Jan 2017 01:09:24 GMT)

Economy: Jobless claims drop to lowest since 1973; housing starts jump 11%
Economy: Jobless claims drop to lowest since 1973; housing starts jump 11% Applications for unemployment benefits fell 15,000 to 234,000 last week. Check out this story on USATODAY.com: http://usat.ly/2jCLvnp The Labor Department says 234,000 Americans sought jobless aid, a drop of 15,000 from the previous week.(Thu, 19 Jan 2017 20:45:43 GMT)

US home construction jumps, led by more apartment building
U.S. builders ramped up home construction in December, led by a surge of apartment building, while single-family houses lagged. The Commerce Department says housing starts jumped 11.3 per cent last month, after a sharp fall in November and big gain in October.(Thu, 19 Jan 2017 16:16:17 GMT)

US home construction jumps, led by more apartment building
In this Nov. 10, 2016, file photo, construction continues on new homes in Canonsburg, Pa. On Thursday, Jan. 19, 2017, the Commerce Department reports on U.S. home construction in December.(Thu, 19 Jan 2017 16:16:16 GMT)

Joel Naroff: Brace for Multiple Rate Hikes as Inflation Hits Fed Target
KEY DATA: IP: +0.8%; Manufacturing: +0.2%/ CPI: +0.3%; Less Energy: +0.2%/ Real Earnings: +0.1%/ NAHB: down 2 points IN A NUTSHELL: "Inflation is at the Fed's target and with manufacturing and home construction solid, there is every expectation that multiple rate hikes will occur this year." WHAT IT MEANS: Today's data dump provides a clear picture of an economy moving forward and inflation that is steadily accelerating.(Wed, 18 Jan 2017 22:42:22 GMT)

US homebuilder confidence, sales outlook slip in January
U.S. homebuilders are feeling slightly less confident this month about their sales prospects, a pullback from December when builders' confidence reached the highest level in 11 years. The decline in builder confidence comes amid heightened concerns about mortgage rates, which have been mostly rising since early November.(Wed, 18 Jan 2017 18:12:43 GMT)

Okanagan home building awards reflect boom year
The Canadian Home Builders Association holds the awards and are reporting there were a record number of entries competing for 39 awards. "Housing starts in Kelowna finished the year strong.(Tue, 17 Jan 2017 22:15:45 GMT)