The Mortgage Bankers Association’s Builder Application Survey for May 2023 shows mortgage applications for new home purchases increased 16.6 percent compared from a year ago.
Category: News and Trends
Redfin: Housing Inventory Slump: 39% Fewer Homes for Sale Than Pre-Pandemic
Redfin, Seattle, dug into the ongoing housing inventory crunch, finding there are 39% fewer homes for sale now compared with June 2018.
Housing Has Affordability, Supply Challenges, Harvard Finds
Housing is currently prohibitively costly for millions of American households, per the Joint Center for Housing Studies of Harvard University’s State of the Nation’s Housing 2023 report
Freddie Mac Multifamily: Apartment Investment Market Index Rises
Freddie Mac Multifamily reported its Apartment Investment Market Index rose by 5.3% in the first quarter but decreased year over year, with the annual index down 16.6%.
Deadline July 3: Apply for MBA Education’s Residential Educator of the Year
Applications have opened for MBA Education’s Residential Educator of the Year Award.
Quote: June 22, 2023
“…Housing is a crucial engine of economic growth, and investments in this important sector pay broader dividends. As the pandemic highlighted, high-quality, stable, and affordable housing is foundational to widespread well-being and, as such, both merits and necessitates greater public attention.”
–The State of the Nation’s Housing 2023 report.
MBA Weekly Survey June 21, 2023: Mortgage Applications Increase
Mortgage applications increased 0.5 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 16, 2023.
MBA: Share of Mortgage Loans in Forbearance Drops to 0.49% in May
The total number of loans now in forbearance decreased to 0.49% for May from 0.51% of servicers’ portfolio volume in April, the Mortgage Bankers Association’s monthly Loan Monitoring Survey reported.
Housing Starts Leap in May
Privately owned housing starts in May hit a seasonally adjusted annual rate of 1,631,000, the Census Bureau and Department of Housing and Urban Development jointly reported Tuesday.
People in the News June 22, 2023: Enterprise Community Partners Announces Shaun Donovan as CEO
Enterprise Community Partners, Columbia, Md., named Shaun Donovan its new CEO and President, effective Sept. 1.