Housing Wire

MAY 2, 2025

Mortgage rates went up a tad today, but the spreads improved, which was a positive. As market drama calms down, we should see some improvement with the spreads, something I discussed in this recent episode of the HousingWire Daily podcast. This will be something to keep an eye on for mortgage rates going out. percent, the U.S.

Mortgages 440

Mortgages Construction Residential As-is 440

Housing Wire

MAY 29, 2025

New-home sales have been a bright spot in housing markets across the country that have been struggling for years with high mortgage rates and low inventory. But the benefits of newly built homes are spread unevenly, as markets in the South tend to have more construction than other regions.

Construction 370

Construction New Construction Land Sales 370

Housing Wire

NOVEMBER 1, 2024

You would think this would cause the 10-year yield and mortgage rates to go lower. At first, this did happen, but after more digestion of the data, not only did the bond market give up all the early morning gains, but it headed higher for the day, which confused many. To summarize, the labor market is getting softer but not breaking.

Mortgages 508

Mortgages Residential Construction Marketing 508

Housing Wire

APRIL 3, 2025

Mortgage rates have reached the lowest levels of the year today as the 10-year yield dropped significantly on tariff news. The stock market reacted negatively to the news regarding tariffs, resulting in significant selling and a shift towards the bond market. Mortgage rates have reached their low point of the year.

Mortgages 533

Mortgages Residential Construction As-is 533

Housing Wire

JANUARY 7, 2025

The new year has arrived, but little has changed regarding the direction of mortgage rates and their impact on the U.S. housing market. At HousingWire s Mortgage Rates Center on Tuesday, the 30-year fixed rate averaged 7.09%. ” Mortgage rates have continued to rise since the Federal Reserve meeting on Dec.

Mortgages 431

Mortgages Marketing Sales Residential 431

Housing Wire

JANUARY 10, 2025

Todays jobs report beat expectations, and in fact, the labor data was solid for jobs week, which means mortgage rates will stay elevated because its always about labor over inflation when talking about rates. In December 2023, the labor market reached a milestone, with non-farm payroll employment exceeding 157 million people employed.

Mortgages 488

Mortgages Residential Construction As-is 488

Housing Wire

JUNE 18, 2025

Even though new home sales showed growth last month, the homebuilders — both big and small — have no desire to grow housing permits or starts with 7% mortgage rates. The housing construction cycle reached its peak in 2022, unless mortgage rates decrease. It’s not surprising that the data appears this way.

Construction 545

Construction Mortgages Sales Staging 545

Housing Wire

MARCH 7, 2025

housing market has shown signs of slowing, demand remains strong in key Midwest and Northeast cities, where homes are selling weeks faster than the national average, according to Realtor.com s Hottest Markets Report for February. There’s still a lot of first-time homebuyers in the market too. They keep the market healthy.

Marketing 396

Marketing New Construction Construction Development 396

Housing Wire

DECEMBER 18, 2024

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. Perhaps most importantly, some homebuilders have been subsidizing mortgage rates to help maintain employment and finish ongoing projects. We will soon find out.

Construction 511

Construction Residential Sales Mortgages 511

Housing Wire

DECEMBER 23, 2024

When mortgage rates decline, sales improve, but it becomes more challenging for builders and buyers when rates rise. This situation poses a risk to construction labor in 2025. As mortgage rates keep increasing along with supply, this doesnt bode well for housing starts growing meaningfully. percent (18.6 percent (19.3

Residential 525

Residential Construction Sales Mortgages 525

Housing Wire

NOVEMBER 4, 2024

As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. This marked the lowest market share for new homes in three years. market share, while first-quarter 2022 saw a record high of 34.4%. Census Bureau.

As-is 370

As-is Marketing Construction New Construction 370

Housing Wire

JANUARY 27, 2025

Todays new home sales report beat market expectations, just like last weeks existing home sales report. Without more clarity on mortgage rates , substantial growth in housing permits is unlikely. We are maintaining a steady level, with the best results appearing when mortgage rates approach 6%. Could things improve?

Sales 490

Sales Construction Mortgages Residential 490

Housing Wire

JANUARY 29, 2025

The Federal Reserve didnt raise or cut interest rates today, but the meeting highlighted something I have been emphasizing since 2022: the Fed is shaping its policy around the labor market more than inflation. However, the Fed only cut rates when they believed the labor market was softening in the second half of 2024.

Marketing 430

Marketing Residential Construction Mortgages 430

Housing Wire

NOVEMBER 19, 2024

Minneapolis Fed President Neel Kashkari recently stated that housing demand is high so the clearance rate (mortgage rates) should be higher. Builders pay down mortgage rates as much as possible to move products, so Kashkari’s comment on clearance rates shows that he doesn’t know what he is talking about.

Construction 539

Construction Mortgages Land Sales 539

Housing Wire

JANUARY 30, 2025

In this week’s episode of the Power House podcast, host and HousingWire President Diego Sanchez chats with Tom Davis , chief sales officer at Deephaven Mortgage. Tom Davis: When you’re working with a professional and you want expertise, you’re going to want to work with someone who is the expert in your market.

New Construction 338

New Construction Construction Marketing Equity 338

Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Mortgage interest rates have steadily ramped up throughout 2024. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash.

Loans 343

Loans Mortgages Equity Construction 343

Housing Wire

DECEMBER 4, 2024

The Federal Housing Administration (FHA) announced last week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. Peter Sciandra, executive vice president of reverse lending and secondary marketing at Fairway Independent Mortgage Corp., Others are taking a more nuanced approach to the increase.

Mortgages 397

Mortgages Equity Lending Loans 397

Housing Wire

DECEMBER 6, 2024

job market performed better than expected in November, gaining 227,000 nonfarm payroll jobs from a month prior according to data released Friday by the U.S. There have been signs that the labor market was cooling some, which could give the Fed confidence to go ahead with another rate cut this month.

Marketing 418

Marketing MLS Residential Construction 418

Housing Wire

JANUARY 17, 2025

Seattle-based WaFd Bank , which has offered home loans for more than 100 years, announced Thursday in an earnings report that it will exit the single-family mortgage lending business. That is bad news for banks like WaFd Bank, because it has made the business of originating mortgages for our portfolio unsustainable.

Lending 397

Lending Banks Mortgages Commercial 397

Housing Wire

OCTOBER 21, 2024

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. The construction figure in Florida far exceeds the next most prominent states. million built in total in that period, the First Street analysis found.”

Construction 497

Construction Development Finance Mortgages 497

Housing Wire

MARCH 18, 2025

Todays new construction report from the Census Bureau showed month-to-month growth in housing starts, but falling housing permits. However, employment for residential construction workers hasnt fallen at all, even with the decline in housing starts and permits. Why haven’t the homebuilders started doing layoffs?

Construction 436

Construction Residential Sales New Construction 436

Housing Wire

DECEMBER 18, 2024

On Wednesdy Citi launched mortgage.com, a new platform that creates a brand-endorsed, consumer-focused channel to leverage Citi’s brand authority and encourage mortgage or refinance applications for the bank. The company has an aggressive marketing goal to reach the No. Market share and brand authority Why launch this site now?

Marketing 418

Marketing Lending Branding Banks 418

Housing Wire

FEBRUARY 18, 2025

The oldest baby boomers are poised to turn 80 years old this year, which could bring the market of dedicated senior housing from a place of oversupply to a shortage. A renewed interest in the senior housing market could also spur higher prices and waitlists, two things that lower-income older Americans can ill afford.

Marketing 368

Marketing New Construction Development Construction 368

Housing Wire

JULY 19, 2024

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” This could make the overall cost to entry — which is already low — more digestible.

Construction 488

Construction Finance Development Marketing 488

Housing Wire

OCTOBER 24, 2024

The big publicly traded builders have money to pay down mortgage rates and manage their pipelines better than smaller homebuilders. We had no growth in residential construction work hiring earlier in the year when rates were higher. We had no growth in residential construction work hiring earlier in the year when rates were higher.

Sales 488

Sales Construction Mortgages Residential 488

Housing Wire

JULY 17, 2024

Higher mortgage rates have increased recession risk by targeting the one sector that always falls before every recession: residential construction workers. Of course, the one solution that can change the tide for this concerning downtrend is lower mortgage rates. percent below the revised May figure of 956,000. This is 10.1

Construction 508

Construction Mortgages Residential As-is 508

Housing Wire

JANUARY 27, 2025

New home sales continue to be a bright spot in a dismal housing market. In many markets, there was simply more new home inventory and some buyers who might have wanted to purchase an existing home were instead looking at new construction, said Bright MLS Chief Economist Lisa Sturtevant in a statement. rise year over year and 3.6%

Sales 476

Sales New Construction MLS Mortgages 476

Housing Wire

JUNE 18, 2025

“In today’s market, uncertainty is expensive, and lenders can’t afford to second-guess their valuation data,” John Fraas , CEO of Class Valuation, said in a statement. These include forensic appraisal reviews, internal control audits, construction validation and post-board evaluations required by the government-sponsored enterprises.

Due diligence 440

Due diligence Lending Staging Technology 440

Housing Wire

JANUARY 10, 2025

While the unemployment rate was up compared to the start of the year, the job market ended the year up, with 256,000 jobs added to the economy in December according to data released Friday by the U.S. The construction sector showed little month-over-month change, adding just 8,000 jobs. Bureau of Labor Statistics (BLS).

Residential 397

Residential Construction MLS Mortgages 397

Housing Wire

DECEMBER 22, 2023

Mortgage rates rising to 8% in October impacted the data line, which I spoke about on CNBC recently. We did have three negative revisions, which ran with the period when mortgage rates rose to 8%. We have seen three months of negative revisions on the data due to those higher mortgage rates. This is 12.2 percent (±15.6

Sales 529

Sales Mortgages Marketing Construction 529

Housing Wire

OCTOBER 15, 2024

With high prices and still stiff competition, those looking to buy a home in today’s real estate market need to consider every opportunity, including the choice between new construction or a resale home. Census Bureau, the median sale price of a new construction home in March 2024 was $430,700.

New Construction 488

New Construction Construction Agents Marketing 488

Housing Wire

AUGUST 2, 2024

In addition to the slowing job growth, the cooling labor market conditions were also evident in a 0.2 Job gains in July were most notable in industries like health care (55,000 jobs), transportation and warehousing (14,000 jobs), and construction (25,000 jobs), a positive for the housing industry. million unemployed people.

Mortgages 493

Mortgages Marketing Construction Residential 493

Housing Wire

JANUARY 22, 2025

Single-family rental ( SFR ) homes are now priced 20% higher than the typical apartment, according to Zillow s rental market report for December 2024. High and unpredictable mortgage rates and hefty down payments are pushing some to rent that lifestyle instead of buying it. Zillow analyzed the 50 largest U.S. year over year and 26.2%

Construction 448

Construction Mortgages Sales Marketing 448

Housing Wire

NOVEMBER 4, 2024

Known as Ridgeland Mortgage , the joint venture will expand loanDepot’s footprint in a region where new-home sales account for roughly one-third to one-half of all transactions, depending on the market.

Purchase and sale agreement 305

Purchase and sale agreement Mortgages New Construction Lending 305

Housing Wire

JANUARY 17, 2024

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. High mortgage rates and home prices quelled the surge in buyer demand, and time seems to have moderated the supply chain shocks.

Construction 488

Construction Land Residential Mortgages 488

Housing Wire

NOVEMBER 26, 2024

Mortgage rates have been rising and the housing market is also experiencing the impacts of hurricanes. However, the Southern states have seen the highest growth in existing inventory, meaning that higher mortgage rates are influencing the figures in this region as well.

Sales 501

Sales Construction Mortgages Development 501

Housing Wire

APRIL 21, 2025

home sellers offered concessions to buyers in near-record numbers during the first quarter of 2025 as rising housing costs , high mortgage rates and growing economic uncertainty continued to reshape the real estate landscape. Redfin analysts note that markets in Florida and Texas have already been adjusting to a slower pace for some time.

Seller concession 447

Seller concession Purchase and sale agreement Closing costs New Construction 447