Real Estate

Homebuilders nationwide continue to feel confident about the multifamily housing market, according to a report released Thursday. The Multifamily Production Index reached 54 during the third quarter, four points below the second quarter but the 11th consecutive quarter with a reading of at least 50, according to the National Association …

U.S. home builders expressed growing confidence in the housing market this month. The National Home Builders Association/Wells Fargo Housing Market Index rose four points, to 58, during the past month, according to data released Tuesday by the Washington, D.C.-based trade association. Low interest rates, job creation and affordable home prices …

Despite the lowest mortgage rates in a year and a half, California’s housing market stayed flat in October. Home prices also increased at their slowest rate since 2012 during that time, according to data released Tuesday by the California Association of Realtors. Closed escrow sales of single-family detached homes totaled …

An industrial building in the Meridian Business Park in Riverside has been sold. Newcastle Partners sold the 600,000-square-foot building to Scuderia Development LLC, a real estate investment firm in Newport Beach, according to a statement released Friday. Scuderia Development paid $43.5 million for the building, which sits on 27 acres …

National housing affordability was stable during the third quarter, as single-family home prices firmed up throughout most of the country. Overall, 61.8 percent of the new and existing homes that were sold from July 1 through Sept. 30 were affordable to families earning the U.S. median income of $63,900, according …

Single-family home sales in Southern California were less than stellar last month. A total of 19,271 homes were sold in the six-county region last month, the lowest number for October in three years, according to CoreLogic DataQuick. That represented a drop of 0.4 percent compared with September – a typical …