Household Debt Rose by $116 billion in Q3 11/24/17
MarketWatch is reporting that household debt rose $116 billion (0.9%) in Q3 of 2017 to $12.96 trillion. Citing data from the Federal Reserve Bank of New York, they also reported that credit card debt rose 3.1% and HELOC’s (home equity lines of credit) fell 0.9%.
Housing Starts Up Nearly 14%
The U.S. Government is reporting that privately owned housing starts in October were at a seasonally adjusted annual rate of 1,290,000. This is 13.7% above the revised September estimate of 1,135,000, but is still 2.9% below the October 2016. Single-family housing starts in October were at a rate of 877k, 5.3% higher than September’s figure.
HUD Provides $5 Billion to Help Texas Recover from Hurricane Harvey
The U.S. Department of Housing and Urban Development (HUD) recently awarded $5 billion to help hard-hit areas in Texas recover from Hurricane Harvey.
How Much Water do Homes Use?
Water….we all drink it, we all must have it and if you’re a landlord it might be included with the rent. The NAHB’s Eye on Housing, using data from the U.S. Geological Survey (USGS), recently crunched the numbers to show that the residential sector accounts for less than 8 percent of all water used in the U.S.
Where are America’s Most Satisfied Renters?
Where exactly do renters most enjoy renting? That’s the question that apartment rental site ABODO recently pondered as it sifted through reams of data form the 2015 American Housing Survey. In essence, they wanted to discover the cities where renters are the most satisfied (or not) with their homes.
Startup Encourages You to “Try it Tiny”
A new startup is encouraging wannabe tiny house enthusiasts to “try it tiny” by renting a property for a month, week or even a few days. In addition, they’re working to connect landowners with land for rent to host/share their land and become part of a growing movement.
Do You Conduct Rental Inspections? How Often?
How often should a landlord or property manager conduct rental inspections of their property? Veteran landlord and property manager Hank Rossi answers questions from other landlords and property managers around the country about their rentals.
Are Mobile Homes Part of the Changing Face of Affordable Housing?
Housing insight chronicler Curbed has an interesting piece about how the changing demographics of mobile homes, coupled with a growing Latino population, are shining a light on larger demographic changes taking place across the U.S.
Snapshot of Today’s Home Buyers and Renters
Infographic: Today’s infographic, courtesy of Equity Trust, gives a nice snapshot of today’s prospective home buyers and renters, using data from Zillow’s 2017 Consumer Housing Trends Report.