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 hit – Daily Herald