Housing Starts See Bump in August

The U.S. Census Bureau and U.S. Department of Housing and Urban Development announced an increase in housing starts in August.

MBA, Housing Trades Call on Fed to End Rate Hikes, Pledge Not to Sell MBS Book 

On Monday, the Mortgage Bankers Association led a coalition letter sent to the Board of Governors of the Federal Reserve that conveyed the housing industry’s serious concerns about the negative market impacts the Fed’s monetary policy actions (e.g., rate hikes and quantitative tightening) are having on the market.