Tag: construction loan rates

New homes in Barnard: How much is it for a home?

NEW YORK (AP) A lot of people like to live in the same place for years, but if you’re one of them, you may want to consider renting a property.

A new study from real estate firm National Construction Rentals has found that renting a home is more financially rewarding than buying it.

The study, released Thursday, found that buying a home in New York City was $4,900 more expensive than renting a comparable home in Barnards city.

The average price for a new home is $6,600.

The study looked at properties in Barnars city and New York state, finding that prices in Barnes had higher average rents than the New York city average of $4.50 per square foot, compared with $4 in New Yorkers.

The average rent in NewYork is $2,100 per month, the study found.

It’s also worth noting that New York rents more expensively than New York State, which has a median rent of $1,750 per month.

5 key factors for the NFL draft

The NFL draft is just one month away and the NFL is already feeling the impact of the draft.

In this installment of the NFL Draft Salary Report, Bleacher Sports examines five key factors that determine how much a player can expect to earn as a free agent and how much money a player is likely to make as a starter for the league.

How to buy an 18-wheeler for a decent price

The price of steel and aluminum construction loans are now almost 50 percent lower than when the loans were first offered, according to a new report from a leading real estate consultancy.

The survey, conducted by brokerage firm CoreLogic, also found that the average price of construction loans rose by almost 8 percent last year to $3,935 per month, a slight improvement from the previous year’s record low of $2,959 per month.

But CoreLogics found that a typical 18-month steel construction loan, which is often used to finance projects that require heavy equipment, still costs nearly twice as much as the typical 18 month aluminum construction loan.

The steel loan is a much more reliable option when interest rates are low, CoreLogIC said in a press release. 

It is also likely that the rise in construction loans, which has been largely driven by the recent surge in construction activity, will be offset by the increase in prices for concrete, concrete rebar, concrete mix and rebar.

The average steel construction debt rate jumped to 6.4 percent last December from 5.6 percent in 2011, Corelogics said.

The average steel loan rose by 4.9 percent to $1,076 per month in 2012.

The aggregate steel construction loans averaged $2.2 billion in 2012, up from $2 billion last year, CoreStats said.

That’s an increase of 4.5 percent compared to 2011, the firm added.

A new study from financial services firm Trulia found that average interest rates on steel construction, rebar and concrete rebars rose by 7.7 percent last month, with the average interest rate on steel rebar rising by 15.1 percent.

The rate on concrete rebaring rose by 8.3 percent to 2.4 million per month on average, Trulia said.