Single-family construction registered modest gains in small metros and declines in large metros while apartment growth is shifting to counties with lower population densities, the National Association of Home Builders’ Home Building Geography Index reported.
Category: News and Trends
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Advocacy Victory: Maryland OFR Rescinds Mortgage Trust Licensing Policies Following Enactment of MBA-Supported Legislation
The Maryland Office of Financial Regulation rescinded its previous guidance that required the licensing of passive mortgage trusts following advocacy from MBA and the Maryland Mortgage Bankers and Brokers Association.
Quote of the Day
“Most mortgage rates moved lower last week, with the 30-year fixed rate declining to 6.92% and staying in the 6.8 to 7% range since April.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 3.9% from one week earlier, according to MBA’s Weekly Mortgage Applications Survey for the week ending May 30, 2025.
ATTOM: U.S. Home Vacancy Rate Holds Steady
ATTOM, Irvine, Calif., released its Vacant Property and Zombie Foreclosure Report for Q2, showing that 1.4 million residential properties are vacant.
RentCafe: Millionaires Increasingly Likely to Rent
RentCafe, Santa Barbara, Calif., found that the number of millionaire renters has tripled since 2019.
Trepp: CMBS Delinquency Rate Increased Slightly in May
Trepp, New York, reported that its CMBS delinquency rate rose to 7.08% in May, up five basis points.
CBRE Reports Office Conversions, Demolitions Will Exceed New Construction in 2025–Aiding Office Market Recovery
More office space will be removed from the U.S. market this year than added to it for the first time since at least 2018, which indicates the market is stabilizing, according to CBRE, Dallas.
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