Home Remodeling a Forward Indicator of Housing Bottom?

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May 2, 2011 11:15AM Home Remodeling a Forward Indicator of Housing Bottom? Builders who specialize in home remodeling are seeing a better market than they have in years according to the National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) released on Friday. The index rose to 46.5 in the first quarter of the year from 41.5 in the fourth quarter of 2010. The current RMI is the highest the index has been since the fourth quarter of 2006. The RMI is based on builders' perceptions of current remodeling activity and on indicators of future activity such... May 2, 2011 3:09PM Affordable Housing Units Needed for Low Income Renters Almost every American is a renter at some point in his life but today both economic conditions and demographic forces are increasing rental demand , reversing trends that have prevailed from the mid-1990s. Harvard's Joint Center on Housing Studies has just issued a report on the state of rental housing in this country and its renewed importance. While " American's Rental Housing - Meeting Challenges, Building on Opportunities " does not use the word "crisis" in regards to the rental market, it is... Mortgage Rates: Aggressive But Not Better The Week Ahead: Employment Situation, Fed Speak, Auction Supply Terms Unintended Consequences of Risk Retention Reform: REO Purchase Mortgagee Letter; Zillow Giftcards; Scorecard Clarification GSEs Align Servicing Regs to Streamline Delinquency Resolution Economic Slowdown: Transitory Effects vs. False Starts Financial Literacy: Is Homeownership Counseling Helpful? View: Front Page | Headline Viewer Micro News 4:43 PM: Tuesday: This Week's Calm Before Storm 2:02 PM: ECON: Sr. Loan Officer Survey Shows Easing 2:00 PM: Thornburg Mtg Trustee Sues Several Big Banks 12:26 PM: Freddie Extends Relief to Storm Victims 10:02 AM: ECON: ISM Manufacturing Near Consensus 10:01 AM: ECON: Construction Spending Beats Consensus 9:23 AM: Report on Foreign Holdings of U.S. Securities 9:10 AM: Commodity risk premium drop seen short lived »View All Micro News Around the Web Goldman estimates 3.5 million Excess Vacant Housing Units Number of the Week: Millions Set to Lose Unemployment Benefits U.S. Forces Kill Osama bin Laden Fabulous Feature of the Month: Stairways We Have Liftoff: No Money Down Is Back Do Home Builders Have a Future? »View More Around the Web Video News Reaction from Ground Zero A Weekend With Warren Americans React to Bin Laden »View More Video News Today's Comments "If you haven't noticed yet, which I find hard to believe, Main Street is getting its margins squeezed as more expensive food and energy prices are..." "Picture a 1860 Wells Fargo coach with only 1 wheel left and it is galloping towards a cliff...that is the economy..the driver is Bernanke!" "Don--after all the ad hominem attacks you have made on Jason I can't believe you are somehow the thin skinned victim now? You are simply a very well..." »View More Comments Today's Q&A "Is real estate tax Paid "in advance" or for the past..." "I have excellent credit rating/score/history but low income,..." "I stopped paying my mortgage for 9 months but it has been a year..." »View More Q&A Today's Forum Discussions "Hello, My husband and I recently seperated due to domestic issues. He is still living in the home and is not paying the mortgage. I left the home with..." "Florida Hard Money and Florida Private Money 8135165210 http://www.harddmoneyloans.com Ltvs to 65% Rates from 10.50% Loans from 30k to 5 million we are..." "Are there any laws that prohibit this?" »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.77 0.01 15YR 4.10 0.01 FHA30YR 4.57 -0.01 Jumbo30YR 5.32 -0.01 5/1ARM 3.43 0.00 MBS Quotes FNMA 3.5 95-11 -0-02 FNMA 4.0 99-16 -0-01 FNMA 4.5 102-28 -0-01 FNMA 5.0 105-17 -0-01 Treasuries 2 YR 0.6052 -0.0038 3 YR 0.9968 -0.0032 5 YR 1.9670 -0.0070 7 YR 2.6595 -0.0125 10 YR 3.2806 -0.0094 30 YR 4.3823 -0.0177 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Homeownership -0.60% Home Vacancy 8.00% New Home Prices -10.46% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031