Construction industry

With the real estate market in desperate need for more housing stock, some industry leaders are pinning their hopes on governmental policies to make building more affordable. But how the two presidential candidates may approach these issues varies greatly.

With record low mortgage rates driving buyer demand, home sales and prices spiked in September, shrinking the supply and days on market, according to Remax.

A gauge of builder sentiment climbed to 85, the highest in records back to 1985, from 83 a month earlier, according to the National Association of Home Builders/Wells Fargo Market Index released Monday.

After an annual gain in July, newly constructed home listings tumbled in August as coronavirus complications caused the largest inventory drops on record, according to Redfin.

The number of new housing permits issued in Connecticut communities in July rose 10.2% over the same period in 2019, officials with the state Department of Economic and Community Development said.

The housing market reaped the rewards of new construction increasing before the coronavirus took effect, netting a boost in July sales, according to Redfin.

As the coronavirus reshapes urban life — and prompts businesses to rethink where they want to be — a pair of California real estate investors are pushing what might seem like an unlikely vision for the future.

As social distancing related to the coronavirus complicates work for appraisers, real estate agents and construction lenders, professionals turn to technology and, in some cases, ask consumers to pitch in.

Nonbank mortgage employment fell in January, but could subsequently surge as lenders seek to capture business while rates are low, the job outlook is favorable, and the coronavirus is contained.

Unexpected rate drops and other factors drove a surprising rebound in nonbank mortgage hiring during what is usually a slow season.

The estimated number of mortgage professionals employed by nondepository institutions inched down in November 2019 following a surge in the previous month.

Extell Development, facing an Aug. 30 maturity for a construction loan, signed an agreement for a new loan on the New York property, using the unsold units in the 815-apartment project as collateral.

With bidding wars subsiding, new-home sales prices dropped, causing the largest decline in new construction since 2013, according to Redfin.

Software startups say bringing borrowers, builders and lenders onto one digital platform can remove some of the risks lenders faced during the crisis.

A heavily challenged ballot measure in a Denver suburb that aims to place strict limits on new residential construction got a breath of a life from a judge this week, but not in time for it to be placed on the Nov. 6 ballot.

From Denver to Pittsburgh, here's a look at the top 10 housing markets where homeowners are taking advantage of home improvement loans.

Despite recent industry consolidation, demand from seasonal homebuyers spurred hiring among nonbank mortgage companies for the second consecutive month in May.

To attract new customers, banks are getting rid of the paper-based payments process between builders and subcontractors.

The U.S. Department of Agriculture's Rural Housing Service is piloting a new construction-to-permanent loan program after a previous venture in 2016 to spur construction lending in rural areas failed to attract many participants.

Though multifamily housing starts are projected to slightly moderate this year and next, production levels are expected to remain in a steady range considered normal, according to the National Association of Home Builders.