Items Tagged with 'U.S. Census Bureau'

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  • Washington, D.C. brings affordable housing to grandfamilies

    Plaza West will house grandparents making 30% to 40% of the area median income
    A special affordable housing communit opened in Washington, D.C. today, becoming the first housing community designed for grandfamilies. Plaza West will house grandparents that are caring for their grandchildren and making 30% to 40% of the area median income.
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  • These are the hottest ZIP codes for Millennials

    These job-laden, vivacious ZIPs are crawling with Millennials
    Where do Millennials want to live? According to a report from RentCafé using Census data, Millennials are still showing a strong preference for big city, urban ZIP codes in walkable, vibrant parts of town.
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  • Same rent, different day: Multifamily mighty at midway point in 2018

    Freddie Mac predicts strength in the multifamily market with moderate corrections to continue
    It looks the multifamily housing market is going to continue its strong performance with continued gradual correction, according to Freddie Mac, which just released its mid-year multifamily outlook. Same rent, different day. Rent growth remains healthy at the national level as continued demand keeps multifamily afloat.
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  • Fannie Mae reports income of $4.5B in Q2

    Will pay Treasury $4.5B in Q3
    Fannie Mae reported Thursday it posted a comprehensive income of $4.5 billion in the second quarter of 2018, which was primarily driven by an increase in credit-related income due to the redesignation of loans from held-for-investment to held-for-sale. This income is up slightly from Q1's $3.9 billion, and up from Q2 of 2017, when it saw a comprehensive income of $3.1 billion.
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  • Decreasing home sales signal homebuilder pessimism

    New home sales decrease 5.3% in June
    New home sales decreased in June but slightly increased from last year, according to the new report from the Census Bureau and the Department of Housing and Urban Development. Zillow Senior Economist Aaron Terrazas questions if sputtering permits in the first half of 2018 could possibly reflect growing homebuilder pessimism.
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  • How long would it take you to save a down payment for Beyoncé and Jay-Z's home?

    Homes.com lets you know how many lifetimes you will spend saving
    Homes.com calculated how long it would take someone to save a 10% down payment for the homes of 12 celebrities. It indicates, that if the average person saved the recommended 20% of their annual salary, it would take them a whopping 764 years to afford Beyoncé and Jay-Z’s home.
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  • Housing starts drop 12.3% in June

    Labor and supply holding construction back
    Housing starts fell 12.3% in June, indicating tariffs and taxes are a deterrence to continual growth, according to the latest report from the U.S. Census Bureau. LendingTree Chief Economist Tendayi Kapfidze said although 3-month average building permits are close to the highest level since 2007, labor shortages are weighing on building activity.
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  • Can Millennials confront the looming threat of aging Baby Boomers?

    The Silent Generation and Baby Boomers sitting on $13.5 trillion in home inventory
    The Silent Generation and Baby Boomers are sitting on a whopping $13.5 trillion worth of home inventory, but aging Boomers are expected to trigger a large exodus from the housing market in upcoming years. Will Millennial homeownership demand fill the void?
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  • New home sales increase 6.7% in May

    This is 14.1% above last year's estimates
    New home sales significantly increased in May, revising last month's rate, according to the new report from the U.S. Census Bureau and the Department of Housing and Urban Development. One expert attributes the increase to a resilient housing market.
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