Thursday, June 26, 2014

The index of housing construction was 135.29

The National Statistics Office (ONE) and the Dominican Association of Builders and Developers of Housing (Acoprovi) reported that the index of Direct Costs of Housing Construction (DLQI) was 135.29 for the month of May 2014, recording a monthly variation of 2.05%. This rate is higher at 1.73% compared to that presented in the same period last year of 0.32%.

The type of housing, the calculated index was 133.80 for a standard family house, 135.82 for the house on two levels, 134.26 for four levels and multifamily multifamily 137.27 for eight or more levels. The detached house on one level had the highest monthly change growing in 2.54%

For cost groups, the main increase occurred in labor (2.20%), while the main floor was recorded in subcontracts (-0.39%).

In the last 12 months, the ICDV accumulated a 5.51% growth. This result is higher by 1.57 percentage points compared to the one presented in the same period last year to 3.94%.

The ICDV is a statistical tool that shows the monthly variations experienced by the cost of constructing four types of housing. It is updated by lifting prices of 111 items divided into five groups: labor, equipment, tools, materials and subcontracts; in a given sample of economic establishments that produce, market or imported inputs used in construction.

Monday, June 23, 2014

Housing starts in U.S. fall in February for the third consecutive month

Construction of new U.S. homes started during last February reached to 907,000 annualized units, registering a decline of 0.2% from the revised January figure of 909,000, representing a third consecutive month low, according to the Commerce Department.

In this line, the U.S. government reported that this figure is 6.4% lower than the same month of 2013, when the construction of 969,000 new homes were started.

Meanwhile, the housing building permits granted in February rose 7.7% on month, up from 1,018,000 annualized released. In addition, 6.9% exceeded the figure of a year ago.

The annualized number of homes completed in the second month of the year also reached 886,000 units, up 4.4% from the revised January figure and 21.9% on the same month in 2013.

Monday, June 16, 2014

A new neighborhood will be revealed on the shores of Biscayne Bay

The city of Miami has begun to see Edgewater as one of the areas most exclusive development, with more than 10 proposed condominium towers. For the first time a group of developers has joined famous for the purpose of illuminating this new neighborhood located on Biscayne Bay during Art Basel. Eastview Development, Mckafka Development Group, Melo Group, and The Related Group have joined forces to create an installation of radiant light from Dec. 4 to Dec. 7.

Every night from 6:00 pm to 11:00 pm, flashes of light will be scattered on the night where Biscayne Beach (Eastview Development), The Crimson (mckafka Development Group), Bay House (Melo Group), Icon will be built Bay and Paradise Bay (Related Group). The light show will dazzle the tens of thousands of artists, curators, collectors and enthusiasts in the city during the main event of world art.

The Edgewater corridor, which runs from 17th Street to 37th on Biscayne Boulevard, has received great attention due to the proposed real estate development valued at $ 1.5 billion to just four blocks. Each of the projects will serve as a work of art in its own right, this collaboration inspired by Art Basel offer a look at the buildings in order to define the new profile of Miami.

Friday, June 13, 2014

Fixed mortgage rates rise in the U.S.

The average fixed mortgage rates in the U.S. have increased for the second consecutive week, even when located near historic lows. The mortgage buyer Freddie Mac said the average rate for a 30-year loan rose to 4.20% from 4.14% last week. The average rate for 15-year mortgage rose to 3.31% from 3.23%. The price increases and interest rates that began in mid-2013 have made less affordable housing. At the same time, there is a limited supply of housing. Mortgage rates are about 0.25% higher than the same period last year. Mortgage rates tend to follow the trend of interest in government bonds to 10 years. The 10-year bond offered a rate of 2.64%, up from 2.60% the previous week on Wednesday.