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Porch.com Has a New Competitor

Pro.com, a Seattle-based startup, is a platform where professionals can place bids and homeowners can request quotes on home improvement projects. It was launched in May and is being funded by investors such as Amazon’s Jeff Bezos. According to an …

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Outlook on Millennial Housing

Housing supply gap

According to a report by the Demand Institute, 79 percent of millennials are optimistic about their financial situation. As a result, 74 percent expect to move within the next five years, resulting in an additional 8.3 million millennial households by …

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Home Depot Confirms Data Breach

After a week of speculation, on Monday, Home Depot confirmed a security breach of customer payment data. According to an article on cnet.com, the company announced any customer who used a credit or debit card in its US stores from …

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Manufacturer Confidence Index Declined in August

Welding Products

The American Hardware Manufacturers Association’s AHMA Home Improvement Industry Confidence Index’s Current Situation Index declined in August to 294.1 from 320.8 in July, while the Future Expectations Index also declined to 192.7 from 266.5 in July. In comparing current sales …

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August Employment Numbers Up

Total nonfarm payroll employment increased by 142,000 in August, and the unemployment rate was little changed at 6.1 percent, the U.S. Bureau of Labor Statistics reported. Job gains occurred in professional and business services and in health care. In August, both the unemployment …

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Multifamily Housing Numbers Up in Second Quarter

The Multifamily Production Index (MPI), a leading indicator for the multifamily market released by the National Association of Home Builders (NAHB), posted a gain of five points to a reading of 58 for the second quarter. It is the 10th …

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FHA Makes Changes to its Loans

The Federal Housing Administration is overhauling a long-held policy of charging extra interest payments on loans it insures to borrowers who have already paid off the principal debts on their mortgages. FHA has permitted its lenders to charge borrowers a …

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