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Home Builder Confidence Harkens Back to 2005

Home builders’ confidence in the new single-family housing market is harkening back to 2005, rising to a reading of 71 in the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)—the highest level in 12 years. Index readings…

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Housing Starts Clear Expectations in February

Housing starts cleared expectations in February, 3 percent above estimates to a rate of 1,288,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family starts increased 6.5 percent to 872,000. Starts for units…

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MBA: Mortgage Apps Up Across the Board

Mortgage applications rose 3.1 percent over the week, according to data gathered in the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The MBA’s Refinance Index grew 4 percent, as well, while the Purchase Index grew 2 percent. The refinance…

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Key to Millennial homeownership: Education

A new study from United Wholesale Mortgage shows Millennials want to enter the housing market, but don’t know that they can. UWM explained the market needs to step up its game when it comes to first time homebuyers. Source:…

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HOA fees rose the most in these top metros

One of the few things that may be increasing faster than home prices is homeowner association fees, which increased at double the rate of the median home price from 2005 to 2015. In some of the most expensive markets, HOA…

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MBA: Trump’s budget shows housing is not a priority

The Mortgage Bankers Association explained President Donald Trump’s proposed budget shows housing is not a priority for the administration. The MBA explains it’s not just the cuts to HUD that show the president’s focus. What can be just as important…

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MBA: Trump’s budget shows political statement of priorities

The Mortgage Bankers Association explained President Donald Trump’s proposed budget shows housing is not a priority for the administration. The MBA explains it’s not just the cuts to HUD that show the president’s focus. What can be just as important…

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