Articles by Megan Hopkins

Single-family housing starts improve

Builders remain cautious in game-changing market
"The small rise in starts in August, which was below expectations and would have been a fall were it not for downward revisions to earlier data, is not as disappointing as it first appears," said analysts at Capital Economics. "The figures are skewed by the volatile multi-family sector; single-family starts posted an encouraging gain."
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Investors focus on ramping up occupancy rates

Analysts note slower pace of purchases on new properties
Institutional investors notably slowed their pace of purchases in an attempt to focus on ramping up occupancy rates on rental units. Because of this, many are left wondering about the potential impact of a rise in rates and a moderation in investor demand.
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Judge refuses injunction request in eminent domain case

Richmond can move forward with controversial mortgage rescue plan for now
The case filed by Wall Street banks against the City of Richmond, Calif., in an attempt to bring the city’s principal reduction program to a halt was dismissed on Monday. But banks fighting against the use of eminent domain say the legal battle is only stalled, not over.
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mREITs a mixed bag in Monday trading

HW 30 improves overall after Summers drops out of Fed chief race
Monday was a solid day for the HW 30 index — HousingWire’s exclusive index of stocks impacting the housing economy — which rose a modest 0.89% by market close. In comparison, the Nasdaq closed down 0.12%, while the S&P 500 was up 0.57% by the end of trading.
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Multifamily development picks up despite falling demand

Developers banking on demographics and job growth
Recent statistics show that the majority of new renters might not be searching for traditional multifamily housing; instead, they’re renting single-family homes. So is all the multifamily development in vain? That's the question being thrown around with single-family homes still a dominant force in the housing market.
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Obama Housing Scorecard: Housing faces long journey ahead

Homeowners gain ground as prices escalate
"As we regain stability in our housing markets, it is important to remember that we still have a long way to go in making sure that our housing finance system is strong for future generations," said HUD Deputy Assistant Secretary for Economic Affairs Kurt Usowski.
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