While sales of existing homes dipped in March because of a tighter inventory, sales of newly built homes rose 1.5 percent from February and were up a whopping 18.5 percent from March 2012, the Census Bureau and Department of Housing and Urban Development say.
Originally published on Fri June 28, 2013 8:38 am
It's hard to remember that just a few decades ago it was difficult, if not impossible, for a woman alone to take out a mortgage. Federal legislation changed that.
And yet, it's still surprising to learn how dominant single women have become in the housing market today: Their share is second only to married couples, and twice that of single men.
Originally published on Mon April 22, 2013 11:42 am
There was a 0.6 percent dip in sales of existing homes in March from February, the National Association of Realtors reports, because the supply of homes for sale has tightened as the number of would-be buyers rises.
Its data suggest that sales ran at a 4.92 million annual rate last month, falling from a "downwardly revised" pace of 4.95 million the month before.
Originally published on Tue April 16, 2013 10:52 am
There was a 7 percent surge in housing starts last month, the Census Bureau and Department of Housing and Urban Development report.
As The Associated Press notes, the pace of construction — 1.04 million starts, at an annual rate — is the fastest in nearly five years and is another sign that the housing sector continues to recover from its 2007-08 crash.
Originally published on Thu April 11, 2013 6:35 pm
This story is part of a two-part series about the construction industry in Texas. Find the first part here.
Homes in Texas are cheap — at least compared with much of the country. You can buy a brand new, five-bedroom, 3,000-square-foot house near Fort Worth for just $160,000.
But that affordability comes at a price — to workers, many of whom are in the country illegally and make $12 an hour or less, but also to business owners.