Rising Rent May Not Drive Homeownership, Research Says
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Rising Rent May Not Drive Homeownership, Research Says Recent research sheds light on the question: Are rising rents driving residents to homeownership? The research, done by Freddie Mac, shows that the majority of renters are staying put despite rising rents and favorable perceptions about renting are increasing. Freddie Mac commissioned Harris Poll to survey more than 2,000 U.S. adults online in March 2015 to get their perceptions about renting.
Residential Construction Activity Moves Up in April
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Residential Construction Activity Moves Up in April The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the new residential construction statistics for April 2015. Building Permits Privately owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,143,000. This is 10.1 percent (±2.2 percent) above the revised March rate of 1,038,000, and is 6.4 percent (±2.1 percent) above the April 2014 estimate of 1,074,000. Single-family authorizations in April were at a rate of 666,000; this is 3.7 percent (±0.9 percent) above the revised March figure of 642,000. Authorizations of units in buildings with five units or more were at a rate of 444,000 in April.