Homebuilders

Demand was strongest at the high end of the market, which pushed loan amounts up for the fourth straight month.

There’s now a unique, additional source of demand that’s opening up in an already fiercely-competitive housing market that VA lenders have to solve for.

The reopening of the economy may only go so far toward reversing the intensified shift toward building in areas with longer commutes.

Building timelines are finally stable enough for nonbank American Financial Resources to return to the conventional market following the pandemic-related disruption, according to a company executive.

Although the company’s revenue and incomes spiked from year-ago levels, most benchmarks showed a decline from the fourth quarter.

Carson was also named a member of the company's nominating and governance, audit and compensation committees.

The market appears to be undergoing a shift away from refinances and remote operations, but the top producers interviewed for this article don’t plan to abandon either any time soon.

While home sales have softened since October, they are still above pre-pandemic levels, indicating that construction activity will remain strong for some time.

And with demand far outweighing supply, the average new-home purchase loan ascended to another record high.

There’s a 20 percentage-point gap between Black and white consumers who have the income necessary to qualify for a mortgage on a new median-priced home.

Lumber futures have surged more than 60% to record highs this year, and analysts aren’t expecting any relief until late 2021.

The Military Urban Development Initiative, which is also open to civilians, allows buyers to select a lot, house design and mortgage.

“Builders continue to be confronted with rising input costs and a lack of available lots, causing them to slow production,” MBA’s Joel Kan said.

Issuance of securitizations backed by these loans is becoming more dependable, and Fannie will need more mortgages that finance newly-built energy-efficient homes to keep it going.

Home construction starts rose for a fourth-straight month in December to the best pace since late 2006 as builders responded to the robust demand for single-family housing.

Homebuilder confidence slipped to a four-month low in January as firms became slightly less optimistic about sales against a backdrop of higher house prices and construction costs.

Purchase apps for new homes only eked out a small gain in December but the Mortgage Bankers Association is forecasting that they will continue to increase.

Led by El Dorado County, the Sacramento region became one of California's notable housing and growth hot spots in the final months of 2020, new data show.

Single-family starts rose for a seventh month to a 1.186 million annualized rate that was the highest since 2007.

Homebuilder confidence eased slightly in December to the second-best level on record following the prior month’s peak, signaling that low mortgage rates are still giving the industry a major boost.