1.Housing Starts in U.S. Beat 1 Million Pace for Second Month
“Builders broke ground on 1 million U.S. homes in May, indicating the industry is picking up this quarter after a weather-induced slump to start the year. “
2.Consumer Prices Rising as U.S. Housing Stabilizes: Economy
“Consumer prices rose in May by the most in more than a year, showing U.S. companies are gaining some pricing power as the economy strengthens, and the homebuilding industry stabilized after a first-quarter swoon. “
3.Eight housing markets at all-time highs
“The U.S. real estate market has been on the mend for several years. While many Americans witnessed the values of their homes drop precipitously during the recession, markets have been rebounding, with prices in several counties reaching all-time highs.”
4.US Home Building Declined 6.5 Percent in May
“The pace of U.S home construction slipped in May with many Americans still struggling to afford new houses.”
5.Apartment rent hikes are slowing — finally
“Good news for apartment renters: Rent hikes are finally starting to slow, a huge relief for those who have put up with annual increases over recent years. “
6.Are these 7 home remodeling projects worth the money?
“When I remodeled my house, I knew what I wanted: a bigger kitchen with room for two refrigerators, more family space and another bedroom. But there are dreams and then there’s reality. My husband and I began wondering not only how much we could afford, but how much was wise to spend. So we called our real-estate agent and explained our plans, with hopes she could help us set a budget. “
7.Check out the latest good news for Portland homebuyers
“Portland home prices continued to rise in May, but the monthly Regional Multiple Listing Service report on the market contains welcome news for home buyers: More homes are being put up for sale.”
8.Housing not warm yet: Pro
“Digging into housing data and the strength of demand out there, with Nicolas Retsinas, Harvard Business School, and CNBC’s Diana Olick “
9.May total housing starts drop
“CNBC’s Diana Olick breaks down total housing starts data in May.”
10.Who needs a mortgage? Cash sales continue to dominate market while mortgage applications run near levels last seen in 2000. Housing starts remain weak and expectations for price increases run wild.
“Apparently very few people need mortgages to purchase homes in the market today. One out of every three homes sold (at least those on the MLS) are going to those “all cash” buyers. Investors continue to dominate the percentage of all sales but the total number of sales is actually pathetically weak given the rise in prices.”
11.California’s economy sees no drought, says bank
“In spite of the drought and lingering effects of the Great Recession, California’s economy will continue to expand at a respectable pace in 2014 and 2015, according to a report Tuesday from Bank of the West Chief Economist Scott Anderson.”
12.US home building declined 6.5 percent in May
“The pace of U.S home construction slipped in May with many Americans still struggling to afford new houses.”
13.Housing starts fall in May
“Single-family housing starts fell in May, but they remained higher than a year before, the Census Bureau reported.”
14.California May Home Sales
“An estimated 37,734 new and resale houses and condos sold statewide in May. That was down 0.7 percent from 37,988 in April, and down 14.4 percent from 44,087 sales in May 2013, according to San Diego-based DataQuick. “