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Tag Archives: housing market

County sees most building permits since recession

DESOTO COUNTY — Single-family building permits across DeSoto County recorded for October put the county over the 730 total for all of 2012, which was the highest year for such permits since pre-recession years. Tom Haysley, deputy planning director for the county, says 82 single-family permits in October 2013 brought the year-to-date total to 733. The month’s number was a ...

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FNC: Home prices show 'strong growth' during third quarter

OXFORD — The latest FNC Residential Price Index (RPI) shows strong growth of home prices during the third quarter of 2013 as the housing recovery continues to broaden across the country. The index, constructed to gauge the price movement among the underlying non-distressed home sales, increased 2.5 percent between the second and third quarters, making the third-quarter growth the fastest ...

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Foresters expecting another year of healthy recovery

ACROSS MISSISSIPPI — Evidence of a healthy national economy may be found in the strength of the timber industry. Forestry is a billion-dollar industry in Mississippi and the state’s second-largest agricultural commodity. A depressed national economy in recent years had negative impacts on housing construction and furniture manufacturing, which hurt the forestry sector, but industry experts are seeing signs that ...

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Short sales invite fraud

Perhaps with the end of the nation’s housing crisis, a previously seldom-heard term — the short sale — will go away. And with its departure, banks will be relieved of the short sale frauds that investigators with federal mortgage guarantor Freddie Mac say costs lenders nationwide hundreds of millions of dollars a year. Mississippi hasn’t had any prosecutions of short ...

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White promotes Linebaugh

Michael Linebaugh, chief estimator, has been promoted to vice president-estimating for White Construction’s Ridgeland-Jackson location. Linebaugh has 37 years of experience in the construction industry, including 19 years as a senior and chief estimator and 18 years as owner of an estimating and software consulting firm. Linebaugh is certified by the American Society of Professional Estimators.

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Guardedly optimistic

Realtors taking a wait-and-see attitude on the new year Lee Garland is not an economist or a soothsayer, but he does get the distinct feeling that things are looking up for the housing market in Mississippi in 2011. How, you may ask?  People, he says. “Lately, I’ve been seeing multiple folks in my office inquiring about listings,” said Garland, president ...

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Report: 10 Cities' Home Values Appreciated

Source: FNC Inc. press release As the mortgage market tanked, housing in these cities improved Oxford, Miss.–As the U.S. housing market nosedived over the past decade, home prices in some cities actually improved, according to a report released this month by mortgage technology company FNC Inc. Senior FNC economist Yanling Mayer conducted the study using FNC’s new Residential Price Index ...

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Home sales up, but buyers still skittish

WASHINGTON — Sales of new homes jumped last month, but it was the second-weakest month on record. The lackluster economy has made potential buyers skittish about shopping for homes. New home sales rose nearly 24 percent in June from a month earlier to a seasonally adjusted annual sales pace of 330,000, the Commerce Department said Monday. May’s number was revised ...

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One extreme to the other: ‘It’s a cycle’

Housing numbers are up for now, but area experts aren’t predicting anything for the future   Pending sales and homes sold in the Jackson metro area last month were up significantly over 2009. Homes sold in April in the area, which includes Hinds, Rankin and Madison counties, were up 19 percent over April 2009 and pending sales in the same ...

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U.S. home sales exceed forecasts

WASHINGTON — Home sales rose more than expected in March, reversing three months of declines, as government incentives drew in buyers and kicked off what’s expected to be a strong spring selling season. Sales of previously occupied homes rose 6.8 percent to a seasonally adjusted annual rate of 5.35 million last month, the highest level since December, the National Association ...

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