NY Fed Study on Home Prices & Ownership Rates Shows Skewed Recovery Benefits
• https://www.themaven.net, Mike Mish ShedlockA report on home prices and housing wealth contains a set of interesting charts and observations.
Contents Pages by Subject
Housing
Surging Prices, Rates Test Robust Demand in U.S. Housing Market
• https://www.bloombergquint.com by Vince GolleFear of missing out may persuade Americans with an eye on buying a home to hurry their decision before it gets more expensive.
Mortgage Rates Highest Since 2013 Taper Tantrum: "It's Not a Drill, It's Panic"
• https://www.themaven.netMortgage rates are the highest since September 2013. If this level breaks, next target is February 2011. Mortgage News Daily notes Mortgage Rates Jump to 7-Year Highs.
Housing ATM is Back (But it won't work any better this time)
• https://www.themaven.netIt makes little sense to refi at these rising rates. But here we are.
Off-grid cabin opens up to the elements
• https://newatlas.comIstanbul-based SO? Architecture & Ideas recently installed this interesting little prefabricated cabin near the Turkish/Greek border. Configured to run off-the-grid, the aptly-named Cabin on the Border can also be opened up to the outside with a larg
Mortgage Refi Applications Plunge To 10 Year Lows As Fed Hikes Rates
• https://www.zerohedge.comOn the heels of the 10Y treasury yield breaking out of its recent range to its highest since July 2011, this morning's mortgage applications data shows directly how Bill Gross may be right that the economy may not be able to handle The Fed's ongoing
Mortgage Refi Applications Plunge To 10 Year Lows As Fed Hikes Rates
• https://www.zerohedge.comOn the heels of the 10Y treasury yield breaking out of its recent range to its highest since July 2011, this morning's mortgage applications data shows directly how Bill Gross may be right that the economy may not be able to handle The Fed's ongoing
Cube Haus aims to disrupt housing market with architect-designed prefabs
• https://newatlas.comLondon's relatively expensive housing market means owning an architect-designed home is out of reach for many residents of the UK capital. A new company aims to address this by selling prefabricated houses designed by top-drawer architects at a reaso
Couple sick of San Francisco rent moves to live aboard a sailboat
• https://www.sfgate.comGetting ahead in San Francisco is never easy. Even if you work a full-time job. For 4.5 years, Audrey and Garrett Ruhland rented a 385-square foot Nob Hill apartment. Until they decided enough was enough.
These $10,000 Concrete Homes Are 3D-Printed in Less Than 24 Hours
• http://mentalfloss.comWhat makes housing so expensive? Labor costs, for one. According to a 2014 Census Bureau survey, the average single-family home takes about six months to construct, and that's a lot of man-hours. A new type of home from Austin, Texas-based startup IC
CPI Misses Despite Rising Energy, Shelter Costs As Used Car Prices Plunge Most In 9 Years
• https://www.zerohedge.com, Tyler DurdenFollowing yesterday's 'disappointing' miss in producer prices, headline consumer price inflation met expectations at +2.5% YoY - above PPI for the first time since Dec 2016 - as energy and shelter costs surge.
Housing confidence hits record high as home prices skyrocket
• https://www.cnbc.com, Diana OlickSupply is tight, prices are soaring and mortgage rates are rising. That shouldn't exactly add up to a happy housing market, and yet, it does. Consumer confidence in housing jumped to its highest level on record in April, according to a monthly sentim
Australians Face Huge Spike in Repayments as Interest-Only Home Loans Expire
• https://www.themaven.netDay of Reckoning: Hundreds of thousands of interest-only loan terms expire each year for the next few years.
Custom prefab factory construction of buildings is already a multi-billion unicorn
• https://www.nextbigfuture.comKaterra is taking systems approaches to remove unnecessary time and costs from building development, design, and construction.
NAR Blames Inventory, Weather as Pending Home Sales Tumble 3% Year-Over-Year
• https://www.themaven.netThe Pending Home Sales Index, a forward-looking indicator based on contract signings, inched up 0.4 percent to 107.6 in March from a downwardly revised 107.2 in February. Even with last month's increase in activity, the index declined on an annualize
The ambitious plan to build a city of floating pyramids
• https://newatlas.comPierpaolo Lazzarini, the Italian designer behind the UFO 2.0 floating home, has conceived a floating community made up of solar-powered pyramid-shaped buildings. The Wayaland project is still very much in the concept stage at present, but Lazzarini i
Home Buyer's Dilemma Explained in One Picture
• https://www.themaven.netIf you do not already own a home it's getting harder and harder to buy one. Meanwhile, rent outstrips wage growth. I got the idea for the above graph from a similar idea by Sven Henrich.
Calculated Risk vs Mish: Demographics Good for Housing?
• https://www.themaven.netIn Largest 5-year cohorts, and Ten most Common Ages in 2017 Calculated Risk noted "The younger baby boom generation dominated in 2010. By 2017 the millennials have taken over. And by 2020, the boomers are off the list."
Existing Home Sales Rise 1.1% But Activity Below Year Ago
• https://www.themaven.netExisting-home sales grew in March but sales still lag yearly. The National Association of Realtors (NAR) reports Existing-Home Sales Climb 1.1 Percent in March.
HIGH-ENCE FICTION Mobile skyscrapers...
• https://www.thesun.co.uk, By Jay AkbarFirst prize went to a collapsible skyscraper which can be quickly assembled to give refuge to those in disaster zones
Housing Starts and Permits Rebound in March but Strength Entirely Multi-Family
• https://www.themaven.netHousing starts rose 1.9 percent in March led by multi-family. Single-family starts dipped 3.7 percent. The Census Bureau's New Residential Construction report shows a rebound of new housing activity in March.
And the fastest growing bank asset in 2017 was… SUBPRIME!
• https://www.sovereignman.comThey say that goldfish have the shortest memory in the Animal Kingdom… something like 3-seconds.
Carrington Launches Subprime Mortgage Lending
• https://www.themaven.netHousingWire reports Carrington Mortgage Services launches subprime lending program.
"The Home Price Surge Continues"-
• zerohedge.com by Tyler Durden- Case-Shiller Jumps Most In 4 Years, All Cities Up
Star Wars-inspired home is all about the view
• https://newatlas.comAustralia's Austin Maynard Architects recently completed a modern family house that's focused on ensuring a great view from practically everywhere inside. The home also draws inspiration from Star Wars gadgetry and features a degree of sustainable de
Venezuelans to Buy Homes and Property with State Cryptocurrency
• https://news.bitcoin.comVenezuelans will be able to buy houses and other property with their new national cryptocurrency. Real estate deals in petro will be authorized in April, President Maduro announced. The government will also finance the construction of 230,000 new hom
New Home Sales Tumble For 3rd Straight Month -
• zerohedge.com by Tyler Durden- Worst Streak In 4 Years
Massive solar-powered tiny house rises like a Phoenix
• https://newatlas.comAlpine Tiny Homes, the firm behind the aptly-named Tiny Giant, recently completed its biggest model yet. Named the Phoenix on account of it replacing a previous home lost in a fire, the solar-powered dwelling measures a massive 41 ft (12.5 m) long an
Fallacy of Wage Growth and a Housing "Shortage" in Pictures
• https://www.themaven.netThe WSJ says there is a "historic shortage of homes". That's nonsense, but sales are depressed. Why? Real wages explain.
Californians fed up with housing costs and taxes are fleeing state in big numbers
• https://www.cnbc.comCalifornians may still love the beautiful weather and beaches, but more and more they are fed up with the high housing costs and taxes and deciding to flee to lower-cost states such as Nevada, Arizona and Texas.
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