The majority of renters say home ownership is one of their highest priorities for their future, and more renters are saying they want to buy soon, according to the 2013 National Housing Pulse Survey, conducted by the National Association of REALTORS®. Renters are showing stronger desires for home ownership compared to recent years, according to the survey.
Source: THE WALL STREET JOURNAL After years of splurging on pricey condos and mansions in the West, Asia's rich now are buying small office buildings, retail shops and branded hotels in Europe and North America, searching for stable returns and diversifying away from home markets they view as increasingly risky and volatile.
Source: Daily Real Estate News Home buyers who require financing for their home purchase can struggle to compete against buyers who have offers of all-cash.
Source: USGlass Magazine Brad Holt will tell you there’s something to be said for being situated near North Carolina’s busy Research Triangle area of Durham, Chapel Hill and the state capital of Raleigh.
Resource: National Association of Home Builders Confidence in the remodeling market rebounded in the second quarter of 2013 with the Remodeling Market Index (RMI) rising six points to 55, according to the National Association of Home Builders (NAHB). The rise in existing home sales and increased demand for remodeling projects contributed to the positive report.
Source:DWM Fortune Brands reported its second quarter earnings this week and net sales increased 11 percent year-over-year to $1.04 billion. This prompted the company to raise its annual outlook to sales growth of 13-15 percent.
Sales of new single-family houses in June 2013 were at a seasonally adjusted annual rate of 497,000, according to estimates released jointly Wednesday, July 24, 2013 by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.3 percent above the revised May rate of 459,000 and is 38.1 percent above the June 2012 estimate of 360,000. The June sales pace is the highest in five years.
Source: Energy Manager Today Heat reflecting off energy efficient windows can cause damage to neighboring objects, according to a video by the Vinyl Siding Institute.
Making buildings more energy efficient is often described as "low-hanging fruit" for achieving dramatic energy savings and reduced greenhouse-gas emissions. While many people appreciate the complexity of building new renewable energy projects or introducing electric or natural gas-powered vehicles, the building sector is widely perceived as rife with the potential to reduce energy consumption through the application of available, existing technologies but somehow unable to fully realize this potential to date.
Source: McGraw Hill Construction New construction starts in June receded 1% to a seasonally adjusted annual rate of $489.5 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. Nonresidential building lost momentum in June after strengthening during the previous two months, and housing experienced a pause from its recent upward trend. Meanwhile, nonbuilding construction advanced in June, lifted by the start of several very large bridge projects. For the first six months of 2013, total construction starts on an unadjusted basis were reported at $233.8 billion, down 2% from the same period a year ago. The 2013 year-to-date decline for total construction was due primarily to a sharp reduction for electric utilities compared to a robust first half of 2012. If electric utilities are excluded, total construction starts for the first six months of 2013 would be up 9% from last year, led by substantial growth for housing.
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