Washington is anxiously awaiting formal release of President Biden’s full fiscal year 2022 budget proposal, along with the Treasury Department’s “Green Book” itemizing the revenue implications of various tax proposals.
The Consumer Financial Protection Bureau said manufactured housing can be an affordable but potentially risky avenue for homeownership.
CoreLogic, Irvine, Calif., said sparse inventory and high demand placed upward pressure on home prices, leading to a third straight month of double-digit percentage growth.
This week’s MBA Chart of the Week shows that there is a declining share of completed homes (24 percent) and a growing share of homes sold that were either still under construction (38 percent) or not started (37 percent).
Because of yesterday’s holiday, the Mortgage Bankers Association releases its weekly Forbearance & Call Volume Survey today. The survey has shown drops in loans in forbearance for 12 consecutive weeks—will today’s report make it 13? Stay tuned—the report comes out at 4:00 p.m. ET.