Items Tagged with 'U.S. Census Bureau'

ARTICLES

  • Alexandria Ocasio-Cortez struggles to afford rent, like most Millennials

    Millennials spend more than 45% of their income on rent before age 30
    Nationwide, renters are struggling to navigate affordability, especially Millennials who on average spend more than 45% of their income on rent before the age of 30. So, it shouldn’t be surprising when a Millennial voices concern about rental affordability, right? But what if that Millennial is a newly elected member of the House of Representatives?
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  • Millennials drive homeownership rate increase in Q3

    First-time homebuyers transition from renting
    The homeownership rate increased slightly in the third quarter, both month-over-month and annually. This increase was driven primarily by first-time homebuyers as more Millennials opted out of renting, and entered into the homeownership market.
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  • Wall Street worries lead to weakening housing stocks

    Analysts reduce price targets as fears of rising interest rates grow
    This week, fear of interest rate spikes contributed to a decrease in housing stocks after analysts lowered ratings and price targets for several companies in the housing industry, according to an article written by Jim Bounds for CNBC.
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  • Multifamily volatility drags down housing starts

    Single-family construction remains solid
    Housing starts decreased 5.3% in September, according to the latest report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Scott Volling, Principal, PwC said regional results indicate that weather may have had an impact on housing starts.
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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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