Items Tagged with 'U.S. Census Bureau'

ARTICLES

  • Older Americans think stocks are better investment than real estate

    Those aged between 35 and 44 would rather invest in the stock market
    Despite recent stock market volatility, new data from Redfin suggests that less than 50% of older Millennials and young Gen-Xers believe investing in real estate is a good idea. Redfin Chief Economist Daryl Fairweather said the oldest Millennials and youngest Gen-Xers entered their late twenties or early thirties during the housing crash, which explains why they are more skeptical about investing in real estate.
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  • Most renting families can't afford the cost of living through the holidays

    Average American needs to set aside $400 in savings
    While the holidays are typically a time of joy, data suggests the average renting family ends the holiday season less jolly. According to RentCafé’s latest analysis, Thanksgiving and winter holiday expenses average $1,100 per household, leaving the average renting family $400 in debt after the holidays.
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  • NAHB: Multifamily developers weighed down by affordability challenges

    Multifamily Vacancy Index reaches 8-year high
    Multifamily developers’ confidence showed signs of weakness in the third quarter of 2018, attributed to mounting affordability and inventory concerns. One expert said Q3's MPI is another signal to policymakers that they should be paying more attention to housing market conditions as interest rates increase.
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  • Experts: Housing starts signal trouble ahead

    Inventory and affordability concerns create supply and demand stalemate
    In October, growth in housing starts was propelled by development in the multifamily sector, but some experts are warning that there could be trouble ahead for the housing market. In fact, several believe that affordability and inventory concerns are contributing to a turn in the market, negatively impacting homebuilder confidence.
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  • Multifamily projects propel housing starts

    Single-family construction falls behind, again
    Housing starts increased 1.5% in October, propelled by the multifamily sector, according to the latest report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. One expert said this report is a stalemate between the demand and supply sides of the market, which are moving in different directions right now.
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  • 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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