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APB Survey Indicates Positive Outlook for Homebuilder Market Despite Possible Recession
The Association of Professional Builders (APB), a leading business coaching service for custom home builders, with members in the United States, Canada, Australia and New Zealand, today provided additional insights on the homebuilder market in light of a possible recession that U.S. economists are predicting. While construction material costs, labor shortages, and other pandemic implications have arisen
FHFA Releases 1st Quarter 2022 Foreclosure Prevention and Refinance Report
The Federal Housing Finance Agency (FHFA) today released its first quarter 2022 Foreclosure Prevention and Refinance Report?. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed
Habitat for Humanity urges equitable housing solutions at 11th World Urban Forum
As the 11th World Urban Forum opens today in Katowice, Poland, Habitat for Humanity International is calling attention to the enormous need for sustainable, equitable housing solutions.
MBA Opens Doors Foundation Raises More than $187,000 During MBA’s Chairman’s Conference
The MBA Opens Doors Foundation (Opens Doors) today announced that it raised $187,200 during MBA’s annual Chairman’s Conference. As part of the proceeds raised
Pending Home Sales Edge Higher 0.7% in May
Pending home sales crept higher in May, ending a six-month streak of declines, according to the National Association of Realtors®. Regionally, month-over-month results were mixed as the Northeast and South experienced increases while the Midwest
Baby Boomer Homeowners’ Mortality Expected to Have Minimal Impact on Housing Supply and Prices
More than 4 million existing-homes for sale annually over the next decade will come from the aging and mortality of older homeowners, but sustained homebuyer demand from population
More Than 600 NAHB Members Urge Congress to Take Action to Ease the Housing...
After posting four consecutive monthly declines on rising mortgage rates and worsening affordability conditions, new home sales posted a solid gain in May as some buyers rushed into the market in advance of the Federal Reserve’s June interest
Freddie Mac Takes Further Action to Help Renters Achieve Homeownership
Freddie Mac (OTCQB: FMCC) announced that it will increase homeownership opportunities for first-time homebuyers by considering on-time rent payments as part of the company’s loan purchase decisions. Beginning July 10, 2022, this automated functionality will be available to mortgage lenders nationwide through Freddie Mac Loan Product Advisor® (LPA), the company’s automated underwriting system.
NAREB PRESIDENT LYDIA POPE TO TESTIFY AT VIRTUAL HOUSE FINANCIAL SERVICES COMMITTEE HEARING EXAMINING...
Lydia Pope, President of the National Association of Real Estate Broker (NAREB), will testify at a virtual hearing of the House Financial Services Committee today at noon. Pope will join other panelists at the hearing, entitled: “Boom and Bust: Inequality, Homeownership, and the Long-Term Impacts of the Hot Housing Market.”
New Home Sales Increase in May Before Fed June Rate Rise
After posting four consecutive monthly declines on rising mortgage rates and worsening affordability conditions, new home sales posted a solid gain in May as some buyers rushed into the market in advance of the Federal Reserve’s June interest rate hike
Existing-Home Sales Fell 3.4% in May; Median Sales Price Surpasses $400,000 for the First...
Existing-home sales retreated for the fourth consecutive month in May, according to the National Association of Realtors®. Month-over-month sales declined in three out of four major U.S. regions, while year-over-year sales slipped in all four regions.
BLM KICKS OFF GREAT OUTDOORS MONTH WITH TWO ACQUISITIONS THROUGH THE LAND AND WATER...
The Bureau of Land Management is kicking off Great Outdoors Month by finalizing two land acquisitions in Colorado and Wyoming that will unlock over 40,000 acres of previously inaccessible public land
Rising Interest Rates, Higher Construction Costs Slow Housing Production
Rising interest rates and ongoing building material supply chain disruptions that raise construction costs continue to act as significant headwinds on the housing market.
Share of Mortgage Loans in Forbearance Decreases to 0.85% in May
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 9 basis points from 0.94% of servicers’
NAR Applauds FHFA Equity Plan for GSEs
The Federal Housing Finance Agency (FHFA) released finalized equity plans Wednesday for Fannie Mae and Freddie Mac. According to the FHFA, the plans are intended to “address barriers experienced by renters, aspiring homeowners
Single-Family Home Building Growth Slowing in Large Suburbs
New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show that the rate of year-over-year single-family construction growth in small
Mortgage Applications for New Home Purchases Decreased 5 Percent in May
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2022 shows mortgage applications for new home purchases decreased 5 percent compared to a year ago.
Habitat for Humanity International and Lowe’s continue partnership, announce new strategic focus to support...
For nearly two decades, Habitat for Humanity International and Lowe’s have worked together to build and improve safe
NeighborWorks America celebrates NeighborWorks Week and positive impact of empowering communities, creating housing stability
NeighborWorks Week is recognized annually during the first week
Mortgage Credit Availability Decreased in May
Mortgage credit availability decreased in May according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
