Posts by John Yellig

NAHB: Builder confidence stays strong in May despite concerns about materials costs
NAHB: Builder confidence stays strong in May despite concerns about materials costs

Builder confidence was steady in May, carrying over April's reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market...

Home prices surge across the board in Q1, and Houston is no exception
Home prices surge across the board in Q1, and Houston is no exception

Practically every single one of the 183 metro areas tracked by the NAR saw significant year-over-year increases in the price of homes during the first quarter, with the median sales price of a single-family home in Houston jumping to 14.9%...

Employment growth misses estimates in April with 266k new jobs
Employment growth misses estimates in April with 266k new jobs

The employment numbers for March were revised down as well. The most recent data indicate a 770,000 increase in jobs for the month, compared to the previously reported increase of...

Private equity-backed firm acquires JP & Associates Realtors
Private equity-backed firm acquires JP & Associates Realtors

The acquirer is a partnership between Chairman and CEO Rick Davidson, who most recently served as global CEO of Realogy Real Estate Services Corp.'s Century 21 Real Estate unit, and private equity firm Aperion Management....

Mortgage applications dip as rate increases in latest MBA survey
Mortgage applications dip as rate increases in latest MBA survey

"This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity." — Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel...

JV acquiring almost 2,000 homes throughout the South for single-family rentals
JV acquiring almost 2,000 homes throughout the South for single-family rentals

Transcendent Electra, a partnership between Transcendent Investment Management and Electra America, has $496 million of properties in contract process and closing and another $1 billion in the pipeline....

NAHB: Single-family homes help boost total residential construction spending in March
NAHB: Single-family homes help boost total residential construction spending in March

The NAHB attributed the monthly increase in its construction spending index to single-family construction and single-family improvements, both of which rose by 2% on a monthly basis. Multifamily construction, meanwhile, declined 0.3% after falling 0.9% in...

NAR tech-venture fund names 2021 REACH recipients
NAR tech-venture fund names 2021 REACH recipients

The 2021 REACH recipients have collectively raised more than $700 million in capital, employ more than 125 people and represent a valuation of more than $1 billion....

S&P CoreLogic Case-Shiller: U.S. home-price gains accelerate
S&P CoreLogic Case-Shiller: U.S. home-price gains accelerate

The year-over-year increase in the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index is the highest recorded since February 2006, according to Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones...

New-home sales surge 21% in March
New-home sales surge 21% in March

Year over year, the pace of sales was up 66.8%...

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