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Tuesday, March 9, 2010
Monday, March 8, 2010
D-FW Region Top Spot for Corporate Expansion
Sources Dallas Business Journal, Site Selection
By Kerri Panchuk
Dallas–Fort Worth and Houston–Sugar Land–Baytown were among the best markets in 2009 for companies building corporate facilities or expanding existing facilities, according to Site Selection magazine, which reports corporate real estate and economic development.
An analysis of 12 counties revealed that, last year, DFW was the chosen region for 135 companies’ corporate expansion or relocation projects. This count ranked the area third on the list. New York and Chicago ranked first and second, with 215 and 117 projects, respectively. To read more of this story click here.
We would love to help you with all your home selling and buying needs.
Call 972-772-7000 to speak with an experienced agent. Also, ask for a copy of our newest list of Foreclosures in your area.
By Kerri Panchuk
Dallas–Fort Worth and Houston–Sugar Land–Baytown were among the best markets in 2009 for companies building corporate facilities or expanding existing facilities, according to Site Selection magazine, which reports corporate real estate and economic development.
An analysis of 12 counties revealed that, last year, DFW was the chosen region for 135 companies’ corporate expansion or relocation projects. This count ranked the area third on the list. New York and Chicago ranked first and second, with 215 and 117 projects, respectively. To read more of this story click here.
We would love to help you with all your home selling and buying needs.
Call 972-772-7000 to speak with an experienced agent. Also, ask for a copy of our newest list of Foreclosures in your area.
Friday, March 5, 2010
HOME BUILDERS' CONFIDENCE PERKS UP
Source mysanantonio.com
WASHINGTON (Associated Press) – Home builder confidence in current sales rose two index points in February to 17 after falling two consecutive months, according to the National Association of Home Builders.
Builders’ outlook for sales over the next six months climbed one point to 27, and traffic by prospective buyers remained at 12 index points.
The index for the Midwest and South regions increased two points but dropped one point in the Northeast and West.
The index reflects a survey of 528 residential developers across the nation. Index readings below 50 indicate negative sentiment about the market. The last time the index reading exceeded 50 was April 2006.
WASHINGTON (Associated Press) – Home builder confidence in current sales rose two index points in February to 17 after falling two consecutive months, according to the National Association of Home Builders.
Builders’ outlook for sales over the next six months climbed one point to 27, and traffic by prospective buyers remained at 12 index points.
The index for the Midwest and South regions increased two points but dropped one point in the Northeast and West.
The index reflects a survey of 528 residential developers across the nation. Index readings below 50 indicate negative sentiment about the market. The last time the index reading exceeded 50 was April 2006.
Wednesday, March 3, 2010
JANUARY HOME BUILDING EXCEEDS EXPECTATIONS
Source dallasnews.com
WASHINGTON (Associated Press) – Construction of new homes and apartments in January rose 2.8 percent to 591,000 units at a seasonally adjusted annual rate, surpassing economists’ expectations of 580,000 units, according to the Commerce Department.
Construction of single-family homes increased 1.5 percent to a seasonally adjusted rate of 484,000 units. Multi-family construction reported a 9.2 percent increase to an annual rate of 107,000 units.
Construction rose 1 percent in the South and 3.2 percent in the Midwest. The majority of last month’s improved construction rates were due to the 10 percent jump in activity in the Northeast and the 8.9 percent increase in the West.
January’s numbers represented a 21.1 percent increase from January 2009 and the fastest building rate since July.
Additionally, December’s construction rates were revised by the Commerce Department from 557,000 units to 575,000 units. However, even with the revision, activity fell 0.7 percent in the last month of 2009. This dip was attributed to severe weather in many parts of the country.
Applications for building permits, considered a good measure of future activity, fell 4.9 percent last month to a rate of 621,000 after two months of significant increases.
WASHINGTON (Associated Press) – Construction of new homes and apartments in January rose 2.8 percent to 591,000 units at a seasonally adjusted annual rate, surpassing economists’ expectations of 580,000 units, according to the Commerce Department.
Construction of single-family homes increased 1.5 percent to a seasonally adjusted rate of 484,000 units. Multi-family construction reported a 9.2 percent increase to an annual rate of 107,000 units.
Construction rose 1 percent in the South and 3.2 percent in the Midwest. The majority of last month’s improved construction rates were due to the 10 percent jump in activity in the Northeast and the 8.9 percent increase in the West.
January’s numbers represented a 21.1 percent increase from January 2009 and the fastest building rate since July.
Additionally, December’s construction rates were revised by the Commerce Department from 557,000 units to 575,000 units. However, even with the revision, activity fell 0.7 percent in the last month of 2009. This dip was attributed to severe weather in many parts of the country.
Applications for building permits, considered a good measure of future activity, fell 4.9 percent last month to a rate of 621,000 after two months of significant increases.
Monday, March 1, 2010
MORTGAGE PROGRAM AIDS 12 PERCENT OF APPLICANTS
Source mysanantonio.com
WASHINGTON (Associated Press) – After one year of activity, the government’s mortgage relief plan has helped about 12 percent of borrowers who signed up for the program.
According to the Treasury Department, about 116,000 homeowners had completed the application process as of last month and are making permanently reduced loan payments, compared with over one million homeowners who began the process.
Over 61,000 homeowners have dropped out of the program either because they failed to make payments or did not return the necessary paperwork.
There have been calls recently for a major overhaul of the program, particularly for the government to further encourage banks to cut borrowers’ principle balances on their primary loans. Nearly one in three homeowners with a mortgage owes more to the bank than their property is worth, according to Moody’s Economy.com.
WASHINGTON (Associated Press) – After one year of activity, the government’s mortgage relief plan has helped about 12 percent of borrowers who signed up for the program.
According to the Treasury Department, about 116,000 homeowners had completed the application process as of last month and are making permanently reduced loan payments, compared with over one million homeowners who began the process.
Over 61,000 homeowners have dropped out of the program either because they failed to make payments or did not return the necessary paperwork.
There have been calls recently for a major overhaul of the program, particularly for the government to further encourage banks to cut borrowers’ principle balances on their primary loans. Nearly one in three homeowners with a mortgage owes more to the bank than their property is worth, according to Moody’s Economy.com.
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