The Mortgage Bankers Association and more than 20 other trade associations wrote to the Senate Banking Committee yesterday to express support for Scott Turner to serve as the next Secretary of Housing and Urban Development.
Category: News and Trends
Jobs Grow by More Than 250,000 in December; Industry Economists Weigh In
Total nonfarm payroll employment grew by 256,000 in December, and the unemployment rate was little changed at 4.1%, the U.S. Bureau of Labor Statistics reported.
Zillow Anticipates Buffalo, N.Y., as Hottest 2025 Market
Zillow, Seattle, predicted Buffalo, N.Y. will be the country’s hottest market this year.
Chart of the Week: Housing Starts and Housing Starts for Every 1 Million People
In this week’s MBA Chart of the Week, we look at one statistic–aggregate single-family and multifamily housing starts–and examine how it has evolved since the start of the Carter Administration.
MBA Statement on the Victims of the Southern California Wildfires
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the victims affected by the wildfires in Southern California:
Dodge Momentum Index Grows 10% in December
The Dodge Momentum Index, issued by Dodge Construction Network, Boston, grew 10.2% in December, largely due to growth in planning for commercial properties.
Zillow Anticipates Buffalo, N.Y., as Hottest 2025 Market
Zillow, Seattle, predicted Buffalo, N.Y. will be the country’s hottest market this year.
MBA Applauds HUD Move on Multifamily Underwriting Enhancements
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on HUD’s announcement of changes to the minimum debt service coverage ratio and maximum loan-to-cost percentage levels for FHA multifamily loans:
Freddie Mac: Multifamily Originations, Rent to Rise in 2025
Freddie Mac, McLean, Va., forecasts multifamily originations will rise in 2025, while predicting modest rent growth and a slight increase in vacancy rates.
CREF Policy Update: MBA Applauds HUD Underwriting Enhancements; 119th Congress Sworn In; MORPAC and MAA Leadership News
Commercial and multifamily developments and activities from MBA important to your business and our industry.