Housing starts fell by 8% from May to June, the Census Bureau and Department of Housing and Urban Development jointly reported Wednesday. June’s starts were at a seasonally adjusted annual rate of 1,434,000, compared with May’s revised 1,559,000.
Category: News and Trends
Builder Confidence Edges Higher Despite Rising Rate Concerns
Home builder confidence increased slightly over the past month, posting a one-point gain to 56, the National Association of Home Builders/Wells Fargo Housing Market Index reported.
CoreLogic Finds U.S. Single-Family Rent Growth Back to Pre-Pandemic Numbers
CoreLogic, Irvine, Calif., released its Single-Family Rent Index for May, finding that single-family rental cost gains rose by 3.4% year-over-year in May, tracking closely with historical pre-pandemic rates.
Fannie Mae, Redfin Find Home Prices Are Up
Fannie Mae in its Home Price Index found single-family home prices were up 3% in the second quarter from the same period in 2022.
Sponsored Content from PCV Murcor: Now Offering Property Data Collection
PCV Murcor Now Offering Fannie Mae Value Acceptance + Property Data Collection With Our Nationwide Coverage
July 26: MBA Condo Lending Summit 2023
This year’s one-day, in-person MBA Condo Lending Summit will feature experts from government regulators and agencies, along with condo lending veterans from the industry.
MBA Education Path to Diversity Scholar Profile: Cecilia Collins
MBA NewsLink interviewed Cecilia Collins, Business Control Director at Cenlar, about her experience with the MBA Path to Diversity Scholarship Program.
June New Home Purchase Mortgage Applications Increase 26.1 Percent
The Mortgage Bankers Association Builder Application Survey data for June 2023 shows mortgage applications for new home purchases increased 26.1 percent compared from a year ago.
MBA Compliance and Risk Management Conference in D.C. Sept. 10-12
Two conferences, one monumental location: The Mortgage Bankers Association’s all-new Compliance and Risk Management Conference takes place Sept. 10-12 at the Grand Hyatt Washington, D.C.
MISMO Releases Consumer-Facing Charge, Fee Naming Guide
MISMO, the real estate finance industry’s standards organization, announced the Consumer-Facing Charge and Fee Guide has reached “Candidate Recommendation” status, meaning it has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry.