Housing

Colorado Division of Housing

There were 4,571 foreclosure filings during the first quarter of this year compared to 7,785 during the first quarter of 2012. That’s a 41 percent drop.

The government's employment report for April comes out Friday. It's an important measure of the economy's health and the advance signals have been mixed. One report this week showed layoffs falling to a five-year low, but another suggests disappointing jobs creation.

At least one sector is providing some positive news for the job market: housing.

In this week's New York Times Magazine, Adam Davidson writes a dual profile of Larry Summers and Glenn Hubbard, two of the most influential economists in American Politics today. Summers is a Democrat; Hubbard is a Republican. The question that animates the piece: "How did two men, whose work is widely respected, reach such different conclusions from data about the same economy?" Here's an excerpt.

Congress decided last week to ease the effects of the across-the-board federal spending cuts on travelers upset over airport delays. But low-income Americans who rely on government housing aid are still feeling the pain.

Housing authorities across the country have all but stopped issuing rent vouchers as they try to deal with the cuts known as sequestration. Many newly issued vouchers have been rescinded, leaving some people homeless or doubled up with family and friends.

And the cuts come at a time when there's a severe shortage of affordable housing across the country.

There were solid increases in home prices during the month of February across all 20 major cities where that data is tracked, according to the latest S&am

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RACHEL MARTIN, HOST:

Six months after Hurricane Sandy, nearly 1,000 New Yorkers are still living in temporary housing, hotel rooms paid for by the city.

DAPHNE MURPHY: My name is Daphne Murphy and I'm from Rockaway Park, Queens.

New York City is notoriously crowded, and it's only getting more so. The city estimates it will have 1 million more people by the year 2030, many of them single. Where to place all these newcomers is a major challenge.

Mayor Mike Bloomberg has announced plans to put up an experimental building of micro-apartments that could be replicated throughout the city. And the Museum of the City of New York is looking at ways to make better use of the city's housing stock.

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.

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.

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.

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