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Construction Spending Increases for Fifth Consecutive Month
The Census Bureau on Monday reported construction spending increased in May to a seasonally adjusted annual rate of $1,925 billion, 0.9 percent above the bureau’s revised April estimate.
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Veterans Optimistic About Homebuying, Survey Finds
Veterans United Home Loans, Columbia, Mo., found 55% of veterans and service members surveyed feel homebuying is within reach.
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Typical U.S. Home Sells For $4,000 Less Than Last Year, Redfin Reports
The median U.S. home-sale price dipped 0.9% year over year to roughly $383,000, reported Redfin, Seattle.
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Dealmaker: iBorrow Closes $42M Loan to Refinance Palm Beach Properties
iBorrow, Los Angeles, closed a $41.6 million loan to refinance a portfolio of five properties in Palm Beach, Fla.