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Pulte Group thrived in 2021, but it’s not celebrating

Housing Wire

On the other hand, they will not have the materials, labor, or efficient supply chain processes to meet that demand. Given an opening on the call by Truman Patterson, an analyst at Wolfe Research , to give investors hope things will get better, Marshall stuck to a subdued point of view. Well, Truman,” Marshall replied. “I

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Mortgage market affordability and inventory challenges

Housing Wire

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Institutional Investors.

Inventory 395
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Mortgage rates grow at fastest pace since 1994

Housing Wire

Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation , the war in Ukraine, and disruptions to the supply chain. Another index shows mortgage rates even higher. Mortgage rates have increased 1.5

Mortgage 383
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Mortgage rates climb as US yields hit highest level since 2008

Housing Wire

Mortgage rates continued to climb this week as U.S. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.09% as of August 17, up from last week’s 6.96%. Other indices showed even higher mortgage rates.

Mortgage 334
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D.R. Horton sees ‘outstanding’ profits despite increased costs, build time

Housing Wire

Horton , the nation’s largest homebuilder by gross revenue and total closings, this week released its second quarter earnings for the fiscal year, which executives deemed “outstanding,” despite ongoing supply chain challenges , “a very tight labor market ,” and the massive uptick in mortgage rates. per diluted share.”

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Opinion: A merger to rewire the housing ecosystem

Housing Wire

The most likely outcomes include: Lenders: Fewer than 50 mortgage lenders will transition to a federated model that enforces the controls necessary for secure cross-industry interoperability. Investor expectations will change, and government entities will attempt to coordinate their response.

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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

months of supply; a healthy market generally has between four and six months of supply. Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. That translates to just 1.6