Housing Starts Increase in July
Housing starts in July were at a seasonally adjusted annual rate of 1,452,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced.
Builder Confidence Falls as Mortgage Rates Rise
Homebuilder confidence retreated in August as mortgage rates approached 7% and stubbornly high shelter inflation further eroded housing affordability, the National Association of Home Builders and Wells Fargo reported.
Dealmaker: Walker & Dunlop Provides $108M for Washington, D.C. Multifamily
Walker & Dunlop, Bethesda, Md., provided $108.8 million in financing for Park Chelsea, a 429-unit apartment building in Washington, D.C.