Tagged : housing industry

Found 6 blog entries tagged as "housing industry".

Housing industry, brace yourself: The Millennials are moving in.

A generation that's about 90 million strong, Millennials (or Generation Y) form the largest demographic wave in the nation's history — even larger than the Baby Boomers. And now that the oldest are in their early 30s (the youngest are 12), they're coming of age for home ownership.

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money.msn.com - Prices are up and inventories down – good news for the larger economy.

The housing industry finds itself on a much better footing this year: Prices are up, inventories are down, and signs abound that a recovery is firmly under way. This is good news for the economy as a whole at a time when other stalwarts of the recovery, such as exports and government spending, have started to tail off. Increased home sales put more people to work and feed an upward spiral of income, spending and employment in the real-estate and homebuilding industries. Makers and sellers of appliances, furniture and carpets, plus nurseries, landscapers and others also benefit.

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The housing market and the housing industry have escaped a potential blow on several fronts now that lawmakers have at least partially resolved Washington’s “fiscal cliff” budget morass.

A bill passed by Congress on Tuesday to pull the nation back from the brink of end-of-year tax hikes and spending cuts contains several provisions that are favorable to housing.

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money.cnn.com - Washington should stay away from touching the mortgage interest tax deduction, warns the U.S. housing industry.

Lately, housing is on the mend and one of the few bright spots in a lumbering economic recovery. Taking away a key tax break could throw a wrench into home buying plans and hurt a long-sputtering recovery.

Lawmakers in both parties are on the lookout for tax revenue as a way to avert the fiscal cliff.

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dsnews.com - The shadow inventory that previously darkened industry outlook is beginning to fade. In fact, we may soon begin to see the sunlight on the horizon.

In July shadow inventory – unlisted homes that are seriously delinquent, in foreclosure, or held as REOs – declined 10.2 percent year-over-year, falling to 2.3 million homes, according to CoreLogic’s Shadow Inventory Report released Tuesday.

“This is yet another hopeful sign that the housing market is slowly healing,” said Anand Nallathambi, president and CEO of CoreLogic.

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NEW YORK (CNNMoney) -- The U.S. housing industry -- crucial to any jobs recovery -- showed more signs of strength, according to two reports issued Wednesday.

The Census Bureau said housing starts and permits rose substantially in August. Separately, sales of previously occupied homes climbed 7.8% from a year ago, according to the National Association of Realtors.

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