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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.
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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.
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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.