National
Number of Improving Housing Markets Surges to 201 in December
The number of housing markets considered “improving” according to parameters established by the National Association of Home Builders/First American Improving Markets Index surged by 76 to a total of 201 metros in December.
Economy Watch: ADP Says Sandy Put Dint in Hiring
Automatic Data Processing, which prepares hiring numbers in cooperation with Moody’s Analytics every month, said that the U.S. private sector created 118,000 jobs in November, a drop from the 157,000 the company reported in October.
TODAY’S DEALS: Manhattan High-Rise Lands $130M Refi
HFF arranges $130 million for a high-rise in New York; AIMCO breaks ground on a $32.6 million renovation in California; and Berkadia identifies the best lending source for a Texas community.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 30, 2012.
Economy Watch: Home Prices Continue Upward Trajectory
CoreLogic reported on Tuesday that U.S. home prices were up 6.3 percent year-over-year in October.
TODAY’S DEALS: Prudential Mortgage Capital Provides $71M for Manhattan Asset
Prudential arranges $71 million for a Manhattan refinance; Camden Property Trust buys a development site in Florida; and Alliant Capital completes a $1.4 million refinancing.
Freddie Mac Announces 17th Multifamily Securities Offering This Year, K-023
Freddie Mac announced a new offering of Structured Pass-Through Certificates, which are multifamily mortgage-backed securities.
Economy Watch: Construction Spending Edges Up in October
Spending on private construction came in at an annualized rate of $592.1 billion, 1.6 percent above September’s total of $582.7 billion.
TODAY’S DEALS: Waterton Associates Lands an Atlanta Asset
Waterton completes its seventh buy of 2012; SL Green enters the Brooklyn residential market; and Essex Realty Group brokers sale of a residential condominium building.
Economy Watch: Sandy Put Dent in Incomes, Spending
U.S. personal income, which had been edging upward in recent months, stayed essentially flat in October, according to the Bureau of Economic Analysis.