The decline in multifamily starts continued in June. As single-family starts made their largest monthly jump since December 2004, multifamily continued to flounder.
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The decline in multifamily starts continued in June. As single-family starts made their largest monthly jump since December 2004, multifamily continued to flounder. Don’t forget to remind potential buyers of something that is obvious to real estate professionals: Now is the time to buy, but that opportunity may be slipping away. Home-builder optimism improved this week with the National Association of Home Builders’ index of member sentiment rising two points to 17, its highest since September 2008. California’s median home prices rose 7 percent in June compared to May, according to MDA DataQuick, a real estate research firm. By: Jerry Ascierto Understanding the U.S. government’s various financial stability programs can be difficult, to say the least. Acronyms like TARP, TALF, PPIP, and CAP litter today’s headlines, but exactly what these programs do—and how they do it—isn’t always easily digestible. So, APARTMENT FINANCE TODAY set out to define these terms and offer a primer [...] The CMBS portion of TALF is gearing up for a second-half run that many hope will revive the dormant securitized loan market. First, the good news. Mark Zandi, chief economist for Moody’s Economy.com, believes the Great Recession will end this year. Home-builder stocks traded higher Thursday after the Labor Department reported initial jobless claims fell to the lowest level since January in the latest week. |
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