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Homebuilders are primed for an even better 2024

Housing Wire

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

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HECM program study assesses policy impacts of recent years

Housing Wire

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. Overview of findings The report was released to the public in November 2023.

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Housing starts reach nine-month high in December

Housing Wire

After posting a double digit gain in November , housing starts were up yet again in December, rising 1.4% Department of Housing and Urban Development and the U.S. This is the highest level housing starts have reached in the past nine months. Construction of single-family homes dropped 2.3% Census Bureau.

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“It’s crazy”: Homebuilders big and small struggle to finish projects

Housing Wire

homebuilder, housing starts, lumber, builders, builder confidence, construction. Owing to a historic inventory crunch, new construction is playing a more prominent role in the housing inventory landscape in decades. single family homes on the market were new builds, according to a report by Redfin.

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White House announces action plans for racial equity, but leaves out GSEs

Housing Wire

” Instead, the White House equity plan for housing centered on the Department of Housing and Urban Development , which oversees the Federal Housing Administration and enforces the nation’s fair housing laws. Those three agencies pledged last year to take on “digital redlining.”

Finance 374
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Hopes for generational investment in housing fade in DC

Housing Wire

Kyrsten Sinema, a conservative Democrat and a member of the group developing the framework, gave a rundown of its contents: $110 billion for transportation, $65 billion for high-speed broadband internet, $73 billion to upgrade the power grid and $25 billion for airport upgrades. Since 2009, the building trades have lost 1.5

Investing 391
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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates? When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated. What if it doesn’t?).

Marketing 447