DataDigest: Construction costs easing for homebuilders

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie.However, as mortgage rates hit multi-decade highs, cooling demand and shrinking the pool of qualified buyers for new homes, h
Read MoreHomebuilders start the year on a positive note

For the second consecutive month, homebuilders have become more optimistic. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report rose seven points month-over-month to a reading of 44 in January.The report attributes this sharp increase in builder confidence
Read MoreReverse purchase financing: The financing option no one is talking about

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased!1With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoub
Read MoreDavid Stevens, former FHA Commissioner and MBA President, has died

David Stevens, a legend of the mortgage banking industry who helmed the Federal Housing Agency and the Mortgage Bankers Association in a career that spanned four decades, has died.“The real estate finance community mourns the loss today of one of its great leaders and fiercest advocates,” current MB
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