Central Banks On Guard Against New Housing Hot Spots

August housing starts rise 0.9%

Housing starts

Raising borrowing costs to douse property markets would have sucked in even more speculative capital and pushed up their exchange rates. Singapore in June lowered its DTI mortgage cap to 60 percent. Concerned about rising household debt, the central bank estimated the proportion of vulnerable borrowers could rise to 10-15 percent if mortgage rates – well below 2 percent a year – were to rise by 3 percentage points. With house prices at record highs, New Zealand is tightening LTV ratios rather than raising interest rates.
For the original version including any supplementary images or video, visit http://www.reuters.com/article/2013/09/19/economy-global-housing-idUSL3N0HE1DV20130919

Rowan to expand freshman housing with ‘freshman village’

Many Western cities have especially tight supplies of homes for sale. Overall, housing starts came in at a seasonally adjusted annual rate of 891,000, still 19% above last year’s levels. Building permits — an indicator of future construction — declined 3.8% from July but remained 11% above the level of a year ago.
For the original version including any supplementary images or video, visit http://www.usatoday.com/story/money/business/2013/09/18/august-housing-starts/2829757/

According to the Vice President for Student life and Dean of Students Richard Jones, the university has currently designated 91 dormitory units as triples. That means 273 students site internet are living three-to-a-room in space meant for two. But not all students are asked by the college to live in tripled rooms. Some have self-selected to live with two other roommates. Those who remain in a triple until October can receive a $500 credit toward housing, said Jones.
For the original version including any supplementary images or video, visit http://www.nj.com/gloucester-county/index.ssf/2013/09/rowan_expand_freshman_housing_issues_with_freshman_village.html

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