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New residential construction decreased 9.8% to an annualized pace of 1.37 million last month, slipping after a nearly 16% surge in December, according to government data released Wednesday.

Overall home loan application activity fell 6.6% last week, according to the Mortgage Bankers Association, with volume resembling the frigid start to the year.

Gahanna, Ohio was the hottest ZIP code for the second consecutive year.

The new tool taps into Intercontinental Exchange's AllRegs database, which contains over a million pages of guidelines from various sources.

Builder confidence had surged following Trump's election win but home financing costs stuck around 7% in recent months have sapped demand and sent builder stocks tumbling.

The lender says its first-of-its-kind program can give consumers up to $5,000 in credits based on their prior 12-month rent payment history.

With proposed tariffs on homebuilding materials working looming and a cloudy forecast for mortgage rates, young homebuyers are facing increased volatility.

The private mortgage insurers reported just 5% less business versus the third quarter and 33% more new insurance written over the fourth quarter 2023.

Fannie Mae set aside $752 million for credit losses in its apartment complex lending business in part because of fraud or suspected fraud, denting profits amid an industrywide scrutiny of borrowers. 

At the same time builders and lenders report contracting credit on offer, sentiment in the residential construction industry improved in the latter half of 2024.