Newsletter Archives - Residential Contractor

Homebuilder Join 1% of US Companies with Majority Female Boards

National homebuilder and developer Taylor Morrison Home Corporation TMHC, -0.02% today announced the appointment of veteran New York Times executive Denise Warren and former Banana Republic Global President Andrea (Andi) Owen to its board of directors, creating the first majority female board among public homebuilders. READ MORE Source: MarketWatch

Will Higher Demand Aid D.R. Horton’s (DHI) Q3 Earnings?

D.R. Horton Inc.DHI is scheduled to report third-quarter fiscal 2018 results on Jul 26, before the opening bell. Similar to other homebuilders, D.R. Horton is well poised to gain traction on current positive housing scenario. Steady job and wage growth, a recovering economy, rising rentals, rapidly increasing household formation and a limited supply of inventory point toward strong demand in 2018. READ MORE Source: Nasdaq

Dallas is still one of the top apartment building markets even though construction permits are down

Dallas area apartment-building activity is down a tad so far this year. But the 1.5 percent decline in apartment-building permits wasn’t enough to knock Dallas off its perch near the top of the list of the country’s busiest apartment-building markets. READ MORE Source: Dallas News

7/20: Metro Economic Update by P. DUFFY

June Leading Economic Index rose 0.5 percent after no change in May The U.S. LEI increased in June by 0.5 percent to 109.8 after being flat in May, pointing to continuing solid growth in the U.S. economy. The widespread growth in leading indicators, with the exception of housing permits which declined once again, does not suggest any considerable growth slowdown in the short-term. READ MORE Beige book: Expansion continuing, but tariffs impacting prices and supplies Economic activity continued to expand across the United States, with 10 of the 12…

How Will The Tax Law Shake Up The Housing Market?

Just a couple of years ago, homeownership rates were low, and many analysts were blaming millennials. Burdened by more student debt than previous generations and typically inclined to marry and start a family later in life, millennials were a factor in 2016 homeownership rates falling to the lowest levels recorded by the U.S. Census Bureau going back to 1965. READ MORE Source: Forbes

Prepare now for slower growth, consumer headwinds

When consumers feel good about their financial future, it tends to be reflected in the housing market. For that reason, it’s hard not to see good things in the recent Consumer Sentiment and Consumer Confidence indices, two key barometers used to gauge the direction of the economy. Yet while the view from the windshield of the economy seems clear, the traffic maps show a good deal of congestion and uncertainty ahead. READ MORE Source: Housing Wire

Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-F48

Freddie Mac (OTCQB:FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates) backed by floating-rate multifamily mortgages with 10-year terms. The approximately $1.1 billion in K Certificates (K-F48 Certificates) are expected to settle on or about July 27, 2018. READ MORE Source: Globe Newswire

Fannie Mae: The Boys Are Back In Town

It’s more than a feeling. Brian Brooks was Mnuchin’s #2 at OneWest. He now is at Fannie Mae (OTCQB:FNMA) serving as their General Counsel and has been having meetings inside the government advocating for administrative action. Mnuchin’s prior business partner and Trump’s economic advisory team member John Paulson and Trump’s advisor Schwarzman’s Blackstone hired Trump’s million-dollar coin flip Ken Moelis’s firm to put together a capital restoration plan about a year ago. READ MORE Source: Seeking Alpha

Dev Group Unveil Last Waterfront Condominium Bldg in San Francisco

The John Buck Company, Paramount Group, Inc., and SRE Group Ltd have officially unveiled the stunning vision for One Steuart Lane, a 20-story, last-of-its-kind condominium development situated directly along San Francisco’s waterfront. Designed by world-renowned architecture firm Skidmore, Owings & Merrill (SOM), One Steuart Lane will evoke a sense of timeless elegance and sophistication, emulating the vast natural beauty that surrounds it. READ MORE Source: MultfamilyBiz.com

Summer market trends: Green continues to be hot

This season marks a return to nature with organic-inspired designs that make the most of natural materials, celebrating the raw state and its inherent imperfections with aplomb. Simple, minimalist offerings are the directional look here at market, executed in furnishings, lighting, accessories and more. Rustic natural elements add a luxuriant dose of texture to introductions, expressed in a host of exotic woods, raffia, banana leaf and other fibers, complementing the minimalist landscape with added dimension. READ MORE Source: Home Accents Today