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
MBA Commends Senate Passage of Tribal Trust Land Homeownership Act of 2023
The U.S. Senate on Tuesday passed the Tribal Trust Land Homeownership Act of 2023 by unanimous consent. The Mortgage Bankers Association commended the passage.
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.
Disaster Recovery: A Resource for Homeowners from MBA
The Mortgage Bankers Association released Disaster Recovery: A Resource for Homeowners, a resource paper for homeowners that outlines what to do before and after the disaster along with how to start, and then work through the recovery process.
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.
Industry Briefs July 20, 2023
Industry briefs from Nationwide Property & Appraisal Services, Truv, Insellerate and CoreLogic.
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.
Register by Sept. 8 and Save: MBA’s mPowering You Summit For Women in Real Estate Finance Oct. 14
Experience powerful conversations and inspiring speakers and make new connections. Be part of the magic of this special day, where hundreds of women gather to learn from each other, create opportunities for one another and stand strong together.
Quote: July 20, 2023
“New home purchase activity continues to be a bright spot, as both new home applications and home sales were up on an annual basis.”
–Joel Kan, MBA Vice President and Deputy Chief Economist.
MBA Weekly Survey July 19, 2023: Mortgage Applications Increase
Mortgage applications increased 1.1 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 14, 2023.