New Construction of Single Family Homes is on the Rise

New-Home Construction Ramps Up in Midwest, Northeast

New Construction of Single Family Homes is on the Rise Here in the North East.

Groundbreaking on new single-family homes posted a 6 percent rise in March, showing a gradual strengthening in the sector — particularly in the Northeast and Midwest — according to new figures by the Commerce Department.  

Banks are Starting to Loosen Up a Little.

Mortgage Availability Hits 3-Year High

Access to mortgage credit is at its highest level in at least three years, and credit standards are expected to loosen even more this year, according to a newly-released index by the Mortgage Bankers Association.

MBA’s index, which tracks mortgage credit availability, shows that in March the gauge rose to 114 – the highest reading in the gauge’s three-year history.

Where have all the Builders Gone!

Retail Rents Rise as Construction Stays Flat

For the 12th consecutive quarter, rents for stores in shopping centers and malls were on the rise in the first quarter of 2014, a sign that retail landlords may be growing more confident in the economic recovery. But new construction remains slow to catch up with the rise in demand.