Origination

Home construction surged in August to the fastest pace since mid-2007 on more apartment projects and single-family houses, a welcome sign for the housing sector that has struggled to gain momentum.

Mortgage applications decreased 0.1% from one week earlier as conforming and jumbo interest rates climbed back above 4%, which slowed refinance activity, according to the Mortgage Bankers Association.

As the summer home-selling season comes to a close, the number of houses sold and the median price of those sales hit all-time highs for any August on record, the Austin Board of Realtors said.

Senate Democrats are warning the Consumer Financial Protection Bureau to be careful as it considers changes to its mortgage underwriting rules.

The low mortgage rates of August drove new homebuyers to cannonball into the purchase market compared to the year before, according to the Mortgage Bankers Association.

The residential construction market is giving off conflicting signals about whether the nation is heading toward a downturn, according to BuildFax.

The popular program could go idle next month for the second time in less than a year if lawmakers are unable to approve a $99 million credit subsidy.

Lower rates and signs that more affordable housing inventory is being built drove Fannie Mae's 2019 origination numbers higher in its latest forecast.

Sentiment among homebuilders climbed to the highest in almost a year on stronger current sales momentum, adding to signs that lower mortgage rates are giving the industry a boost.

It would cost nearly $30 billion to rebuild the tens of thousands of homes that are most vulnerable to wildfires in the Sacramento metropolitan area, a projection that ranks California's capital region fourth highest in the nation for wildfire risk, according to CoreLogic.