Morning Minute: Multifamily housing sector still strong

Spending on multifamily housing construction of apartments and condominiums is growing, increasing 2.8 percent in July while spending on new multifamily units has increased 68 percent compared to a low point in 2010, the National Association of Home Builders (NAHB) reports. With demand also increasing for new home sales, the housing recovery appears to be gaining steam, NAHB said.

In other news:

Home sales’ acceleration intensifies pressure on buyers - Belleville News Democrat (via Chicago Tribune)

If you’re selling a home short, expect a credit score hitDaily Herald

 

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.