Posted in renovation

DVIDS – News – Under Secretary of Army McPherson tours schools, housing renovation site


FORT LEE, Va. (Oct. 13, 2020) — The Army’s second-highest-ranking civilian spent a good part of his day here Oct. 7 touring training facilities, conversing with troops and spotlighting efforts to improve privatized military family housing.

Under Secretary of the Army James McPherson received a glimpse of quartermaster and ordnance training, lunched with students at the Samuel Sharpe Dining Facility and addressed members of the media outside a newly renovated residence in the Jackson Circle neighborhood.

Maj. Gen. Rodney D. Fogg, U.S. Army Combined Arms Support Command and Fort Lee commanding general, hosted the undersecretary and accompanied him throughout the tour.

McPherson’s first stop was the QM School’s Petroleum and Water Department. There, he met with administrators, instructors and students. He also received a familiarization on the latest virtual training systems said to save time and resources while improving technical skills.

Advanced individual training Soldiers Spc. Zoya Goodwin,

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Posted in home

Moms 4 Housing home sells for $587,500, will become homeless housing

Nearly a year after Moms 4 Housing became a national sensation by squatting in an empty West Oakland home, the group on Friday announced another victory: That house will soon become the first of many that members hope to turn into housing for homeless mothers.



a group of people standing in front of a crowd posing for the camera: OAKLAND, CA - OCTOBER 9: Dominique Walker and Carroll Fife of Moms 4 Housing sign a symbolic deed, Friday, Oct. 9, 2020, in front of the advocacy group's new home on Magnolia Street in West Oakland that they occupied illegally for two months last year. (Karl Mondon/Bay Area News Group)


© Provided by Mercury News
OAKLAND, CA – OCTOBER 9: Dominique Walker and Carroll Fife of Moms 4 Housing sign a symbolic deed, Friday, Oct. 9, 2020, in front of the advocacy group’s new home on Magnolia Street in West Oakland that they occupied illegally for two months last year. (Karl Mondon/Bay Area News Group)

After months of negotiations with corporate owner Wedgewood, Oakland Community Land Trust bought the Magnolia Street house for $587,500. Now, Moms 4 Housing intends to turn it into a transitional home where mothers can stay while looking for jobs, getting their credit in order and finding permanent housing.

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Posted in improvements

Housing policy: noble intentions, but improvements needed

The new policy expands housing possibilities, but falls short of addressing some fundamental issues

After staying long in the making, the first Tamil Nadu Affordable Urban Housing and Habitat Policy has been finally notified and it has been in the public realm for a few weeks now. Coming as it does, at a time when housing prices are steeply increasing, and owning or renting a house is possible only in far peripheries, the policy is a significant step. It has noble intentions and expands housing possibilities, including transit and rental housing for migrant workers. While this is a plus, in the absence of any reliable stock-taking, a clear statement of the problem and reassuring solutions, there are serious questions about the policy’s effectiveness.

Avowed objectives of the policy are three — first, the government will henceforth provide housing only for the very poor and ease its financial burden; second, it

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Posted in home improvement loans

August Home Sales Soar to a Record High: 5 Top Housing Picks

The U.S. housing sector is on a roll, with an increasing number of Americans leveraging on the record-low mortgage rates. The latest pending home sales data for August reached the highest level on record as more Americans signed contracts to buy homes in the month, suggesting that the hot U.S. housing market will maintain the strong spell well into fall.

All-Time High Pending Home Sales

The National Association of Realtors or NAR’s Pending Home Sales Index — a forward looking indicator of home sales based on contact signing — soared 8.8% from July to 132.8 in August, hitting a record high, according to the NAR survey since January 2001. Contract signings are 24.2% higher from the year-ago period as well.

It is worth mentioning that August marks the fourth consecutive month of gains as well as the third year-over-year rise since the pandemic hit the housing market hard. All four

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Posted in lowe's home improvement

Will a Housing Market Crash Affect Home Depot Stock?

Will the housing market crash again? Maybe. Many aspects of the economy are cyclical, and housing prices do occasionally fall. Is a housing crash imminent? That’s harder to answer.

Some have sounded the alarm on housing for good reason. Consider the famous Case-Shiller Home Price Index, an inflation-adjusted metric created by Standard & Poor’s tracking housing prices. The index’s value was 100 back in the year 2000 and had been close to 100 when applying the index’s criteria backward to the 20th century. But since 2000, it has risen above 180 on two occasions. The first time preceded the housing crash of the Great Recession.

The second time the Case-Shiller index exceeded 180 is right now. In reality, it passed the mark way back in 2016, and it’s currently around 215. So no need to panic: Crossing 180 doesn’t immediately flip a housing-crash switch. It just shows housing prices have

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Posted in lowe's home improvement

US Housing Recovery Continues In August, New Home Sales Up 4.8%

New home sales were better than expected in the United States but the growth was not evenly distributed across regions


Olivier DOULIERY

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New US home sales came in well above forecasts in August with a 4.8 percent gain, as the housing market continues to recover from the coronavirus downturn, the Commerce Department said on Thursday.

August’s annualized rate of just over one million sales, seasonally adjusted, came after the upwardly revised annual rate of 965,000 sales reported in July and underscores how housing has managed to climb back from the hit taken during the Covid-19 downturn.

The growth was however not spread evenly, with month-on-month sales surging in the South 13.4 percent, and climbing 5.0 percent in the North, but declining slightly in the West and by a massive 21.4 percent in the Midwest.

“Home sales are well supported by solid demand and a favorable interest rate environment,”

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Posted in home improvement loans

New Home Sales Strongest Since 2006: Top 7 Housing Stocks

Sales of new single-family homes exceeded 1 million in August 2020, marking the highest level since September 2006. The metric, which has been rising for four consecutive months, exceeded analysts’ expectation by 13.6%.

The U.S. housing market has shown a resilient performance over the past few months despite ambivalent market predictions and fears of a second wave of the virus. Not only did the industry offset these COVID-19-related headwinds but also tackled lumber price swings, mortgage delinquencies, U.S.-China trade spat, labor shortage and inflating land prices.

This industry has experienced a strong V-shaped recovery since May and its growth is now exceeding pre-pandemic levels fueled by the work-from-home initiative and record low mortgage rates.

Since May, the Zacks Building Products – Home Builders industry has improved 57.1% compared with the Zacks Construction sector and S&P 500 composite’s 35% and 14.6% rally, respectively.

Inside the Numbers

August new home sales increased

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Posted in home improvement loans

August New Home Sales Confirm That The Long Leading Housing Sector Has Been Surging

Introduction

Housing is a long leading indicator for the economy overall; i.e., it typically peaks over a year before the economy does as a whole, and is also usually one of the first sectors to rebound during a recession.

Thursday morning’s report on August new home sales certainly fit that mold.

Near-15-year high in new home sales is strong confirmation that the long leading housing sector has been surging

As I wrote last week, when housing starts and permits were reported, historically, interest rates have led housing sales and starts, which in turn lead prices, which in turn lead inventory.

Here’s the updated look at mortgage interest rates since the beginning of 2011, measured YoY, vs. single-family housing permits (the least volatile metric), also measured YoY:

Thursday morning the Census Bureau reported new home sales for August. There are two important facts about new home sales:

1. They are the

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Posted in home improvement loans

US new home sales surge to fastest pace since 2006 as housing market shines through pandemic



a car parked in front of a sign: Associated Press


© Associated Press
Associated Press

  • Sales of new US homes accelerated by 4.8% to an annual rate of 1 million units in August, the Census Bureau reported Thursday.
  • That pace is the highest since 2006 and marks four consecutive months of increasing sales.
  • The agency’s estimate of new homes for sale fell to 282,000, reflecting 3.3 months of supply at the current pace of sales. That’s the shortest period in data going back to 1963.
  • Though the housing market has been one of the few bright spots in the virus-rattled economy, some fear dwindling supply will soon halt the sector’s rally.
  • Visit the Business Insider homepage for more stories.

The US housing market extended its winning streak into August as Americans continued taking advantage of record-low mortgage rates.

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Sales of new homes leaped 4.8% to a seasonally adjusted annual rate of 1.01 million units, the Census Bureau announced

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Posted in home

California housing market continues recovery as median home price breaks $700,000 mark, C.A.R. reports

– Existing, single-family home sales totaled 465,400 in August on a seasonally adjusted annualized rate, up 6.3 percent from July and up 14.6 percent from August 2019.

– August’s statewide median home price was $706,900 up 6.1 percent from July and up 14.5 percent from August 2019.

– Year-to-date statewide home sales were down 6.8 percent in August.

LOS ANGELES, Sept. 17, 2020 /PRNewswire/ — California’s housing market continued to improve in August as home sales climbed to their highest level in more than a decade as the median home price broke last month’s record and hit another high, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. 

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 465,400 units in August, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized

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