Housing Wire

JUNE 2, 2023

today should be between 158 million and 159 million , or in a weaker labor market growth scenario, between 157 million and 158 million. Now let’s look at the labor market on all fronts from the data we got this week to get a comprehensive view of the labor market today. From the St.

Marketing 450

Marketing Transportation Construction Government 450

Housing Wire

JANUARY 5, 2024

Even though the headline jobs numbers beat estimates, the internals of the jobs report show that the labor market is slowing down,” HousingWire Lead Analyst Logan Mohtashami said. “We Job gains occurred mainly in government, health care, social assistance and construction in December, while transportation and warehousing posted fewer jobs.

Transportation 441

Transportation Construction Government Investors 441

Housing Wire

APRIL 4, 2024

Despite recent data indicating a poor affordable housing situation in Texas , the city of Houston must return $45 million in unused affordable housing funds to the state after failing to use them for construction of new homes. Instead, the city failed to begin construction on the homes in a timely manner.

Construction 450

Construction Government Housing Market Finance 450

Housing Wire

JANUARY 8, 2021

Fear of this outcome is why, for the better part of the past 12 years, ATR safe-harbor determinations were, in large part, simply punted to the black box underwriting systems of the government-sponsored enterprises Fannie Mae and Freddie Mac. This approach has advantages: it’s simple, observable and verifiable.

Government 353

Government Mortgage Finance Legal 353

Housing Wire

JUNE 2, 2023

The lion’s share of the job growth in April came from gains in the professional and business services sector (up 64,000 jobs), the leisure and hospitality sector (up 48,000 jobs), the government sector (up 56,000 jobs), and the health care sector (up 52,000 jobs). Residential building construction added 2,400 jobs during the month.

Construction 384

Construction Real Estate Housing Market Transportation 384

Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Unlike site-built homes, which are always titled as real estate, over 40% of manufactured housing is titled as personal property (the same way a car is titled).

Business 450

Business Finance Buyers Lending 450

Appraisal Buzz

MAY 2, 2022

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? Construction Sites Will Stay on Schedule. After months of paperwork and organizing teams, many experts believe the allocated funding will start positively affecting the real estate market. construction sites.

Real Estate 435

Real Estate Supply Chain Marketing Construction 435

Housing Wire

MARCH 8, 2024

Though all signs point to a cooling labor market overall, the economy picked up another 275,000 jobs in February. The jobs report on Friday is unlikely to convince the Fed that rate cuts are necessary when the Federal Open Markets Committee meets later this month, economists said. Job openings were essentially unchanged at 8.9

Transportation 450

Transportation Retail Housing Market Construction 450

Housing Wire

OCTOBER 12, 2023

What is happening in the housing market ? If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said. “Overall, shelter costs were up 7.2% year over year in September,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. Rents of primary residences were up 7.4%.”

Government 409

Government Housing Market Contracts Insurance 409

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. In terms of acceptance in the secondary market of these TRBLs, which is key to ensuring lender liquidity, the jury is still out.

Marketing 410

Marketing Government Mortgage Sellers 410

Housing Wire

MARCH 10, 2023

Job growth continued in February, but at a slower pace, suggesting that the Federal Reserve interest rate hikes are having at least a mild impact on the labor market. However, the continued job market resilience could equate to even tighter monetary policy , spelling hard times ahead for the housing market. million. “In

Construction 370

Construction Real Estate Housing Market Retail 370

Housing Wire

JULY 7, 2023

The labor market is moderating gracefully, but conditions remain too hot for the Fed’s liking. Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. In the June jobs report, residential building construction employment is up 0.8%

Construction 370

Construction Renovations Government Inventory 370

Housing Wire

SEPTEMBER 20, 2021

According to Fannie, the slimming in projections by the Economic and Strategic Research (ESR) Group are a result of supply chain disruptions and labor market tightness, which “impede the housing market.”. Overall, the government sponsored enterprise forecasts that purchase mortgage originations will increase by 6.3%

Supply Chain 421

Supply Chain Inventory Government New Listings 421

Housing Wire

AUGUST 3, 2023

According to HousingWire’s analyst Logan Mohtashami , the stronger labor data had a bigger impact on mortgage rates and the bond market than the sale of long-term securities or the default rating. government credit rating downgrade caused mortgage rates to rise this week,” said Sam Khater, Freddie Mac’s chief economist.

Mortgage 370

Mortgage Inventory Government Buyers 370

Housing Wire

SEPTEMBER 14, 2023

housing market is short by at least 6.5 The scarcity of housing has driven home prices and rents prices to an all-time high and pushed affordability to a multi-decade low. Most recently, rising interest rates have intensified the fight for housing. million homes.

Tenants 397

Tenants Government Law Buyers 397

Housing Wire

DECEMBER 2, 2022

With one month to go before the year’s end, labor markets remain in a solid position,” George Ratiu, Realtor.com’s senior economist, said in a statement. According to the report, construction has added an average of 19,000 jobs per month thus far this year, little different from the 2021 average of 16,000 per month.

Transportation 421

Transportation Real Estate Construction Retail 421

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. This is just one more arrow in their quiver.”

Loan Officers 421

Loan Officers Clients Mortgage Construction 421

Housing Wire

DECEMBER 1, 2021

years in prison — the maximum the federal government said it would seek — as well as three years of supervised release. As the housing market changes, so does lending fraud. Housing market conditions are changing in ways that may increase fraud risk and fraud schemes are becoming increasingly sophisticated.

Mortgage 544

Mortgage Insurance Lending Government 544

Housing Wire

MARCH 9, 2021

2%, and the Conventional MCAI that measures loans not backed by the government fell.3%. The Government MCAI that includes mortgages backed by the Federal Housing Administration , the Veterans Administration and the U.S. 7% while the Jumbo MCAI measuring high-balance loans rose.2%, Department of Agriculture rose.3%, 3%, MBA said.

Mortgage 479

Mortgage Government Buyers Contracts 479

Housing Wire

APRIL 5, 2024

Today’s jobs report beat estimates , but the internals show the labor market is softening, as the Federal Reserve wants. The 10-year yield has had a wild ride today, but now is an excellent time to look at my macro take on the labor market and explain what the Fed is looking for with the jobs data.

Marketing 485

Marketing Mortgage Construction Government 485

Housing Wire

MAY 13, 2024

Announced in February , the agency had originally planned to publish the dataset next year, but it chose instead to advance the timeline to third-quarter 2024 in order to “better support market participants with this transition” to a new bi-merge credit reporting requirement that is also being challenged by trade groups and lawmakers.

Legal 421

Legal Mortgage Contracts Insurance 421

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. In combination with low housing inventory and labor shortages, that drove up selling prices. real estate market is hot. Demand And Prices Remain High.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

Housing Wire

APRIL 7, 2023

Since 2022 — as the labor market has been getting hotter with massive job gains and high job openings — the year-over-year wage growth data has been falling. Let this sink in; while the labor market was booming in 2022 and 2023, the fear of a wage spiral never materialized. I wrote recently about the 1970s inflation and mortgage rates.

Housing Market 544

Housing Market Marketing Mortgage Retail 544

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. This is what I call a supply-constrained market. “In Just because there’s vacant homes in the U.S.

Inventory 466

Inventory Renovations Real Estate Government 466

Housing Wire

MAY 31, 2023

housing market is not a monolith, so today we’re going to look at some markets where affordability is within the normal renter’s reach. In a study published this week, First American economist Ksenia Potapov analyzed the share of homes that are affordable to the median renter in any given market. markets,” Potapov wrote.

Insurance 384

Insurance Clients Marketing Housing Market 384

Housing Wire

MAY 24, 2023

The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory,” Kan added. . “Investors remained attuned to the uncertainty around the U.S. And, federal lawmakers have yet to reach a deal on the U.S. Department of the Treasury.

Mortgage 384

Mortgage Inventory Retail Housing Market 384

Housing Wire

NOVEMBER 6, 2020

Government employment, however, fell by 216,000 – a stat that Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association , chocks up to the conclusion of the decennial U.S. But despite residential construction employment climbing back to only 0.8% percentage point higher than reported.

Construction 346

Construction Housing Market Retail Business 346

Housing Wire

APRIL 24, 2023

Roosevelt enacted the Federal Housing Administration (FHA) as part of the New Deal to provide small down payment home loans for working-class Americans. The relationship between diversity, economic growth, housing and GDP The housing market is large and varied. GDP, roughly $3 trillion. For decades, the U.S.

Legal 384

Legal Housing Market Government Buyers 384

Housing Wire

MARCH 22, 2023

However, amid volatility in the market and depressed stock prices, “it would not be prudent to move forward with a transaction at this time,” the bank said. In 2021, the bank acquired Civic Financial Services , a private money lender that caters to real estate investors, a strategic move into specialized areas of the non-QM market.

Real Estate 397

Real Estate Investors Investing Finance 397

Housing Wire

JULY 8, 2022

A tighter labor market is a good thing; this means people with less educational backgrounds can get employed as we have many jobs that don’t require a college education. Looking at the jobs data and which sector added jobs in March, construction and manufacturing jobs came in positively, and we only lost jobs in the government.

Construction 520

Construction Housing Market Marketing Government 520

Housing Wire

JUNE 23, 2021

“Despite the jump in rates, refinances also increased for the second consecutive week, pushed higher by a 4% bump in conventional refinance applications,” Kan said, “Government purchase applications drove most of last week’s increase, which also contributed to a slightly lower overall average purchase loan size.”. the previous week.

Mortgage 429

Mortgage Contracts Construction Government 429

Hank Miller Team

JULY 12, 2023

The first half of the Atlanta 2023 housing market shared many similarities with the first half of the 2022 real estate market. In fact, some market are ahead of those record highs of '22. Clearly it's not the same market, but the interest rate shock seems to be accounted for. Not Greater Atlanta. Actives down 13.5

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Housing Wire

JULY 7, 2023

The 10-year yield and mortgage rates have been rising close to the 2023 high as some labor data shows that the honey badger labor market is still growing. As long as jobless claims trend below 323,000 on the four-week moving average, the labor market is holding steady, which means the economy remains healthy. is too much for Americans.

Mortgage 421

Mortgage Government Marketing Insurance 421

Housing Wire

MAY 13, 2021

The purchase market remains strong overall, but low housing inventory and accelerating home prices have started to adversely impact purchase activity,” said Kan. Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. of FHA loans, 10.3%

Construction 466

Construction Government Inventory Mortgage 466

Housing Wire

DECEMBER 28, 2021

In fact, Paradise’s housing market, though constrained by unresolved wildfire litigation and issues like proper home insurance, even has the high-demand, low inventory problems of most other U.S. We currently have about 33 stick and manufactured homes active on the market and 103 active lots.

Insurance 384

Insurance Realty Agents Construction 384

Housing Wire

JANUARY 24, 2022

billion hit the market in the first two weeks of 2022, HousingWire reported last week , but that’s already old news. And it’s likely that even more deals will come to market prior to month’s end. Morgan, which accounted for some 18% of the market by volume in 2021. A total of 10 private-label deals valued at nearly $5.4

Mortgage 370

Mortgage Lending Finance Housing Market 370

Housing Wire

OCTOBER 2, 2020

Private employment increased by 877,000, while government employment fell by 216,000 – a stat that Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association , chocks up to drops in local education employees as many schools did not bring their workforces back in September.

Tenants 410

Tenants Government Retail Business 410