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Housing Wire
DECEMBER 3, 2021
Of the 10,000 construction of buildings jobs created in November, 4,100 were in the residential sector. In the specialty trade contractor jobs sector, 6,200 were in residential construction. for residential construction building, a faster pace than previous months,” Kushi said.
Housing Wire
JULY 6, 2022
Lender and servicer New Residential Investment Corp. New Residential, the parent company of NewRez and Caliber Home Loans , declined to comment about the layoffs. “It To reduce costs, New Residential announced in June that it had decided to internalize the company’s management.
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Eyes on Housing
OCTOBER 11, 2022
Average hourly earnings for residential building workers* continue to rise in August but at a slower pace. Read More › Construction Statistics Economic Indicators Economics Housing Data Housing Trends average hourly earnings labor market residential building wages
Housing Wire
SEPTEMBER 16, 2022
Another single-family rental (SFR) securitization deal sponsored by a large institutional player, Progress Residential , is slated to hit the private-label market this month, bringing the total securitization-deal count for Progress to seven so far this year.
Housing Wire
JUNE 21, 2022
New Residential Investment Corp. New Residential will start trading on the NYSE as “RITM” on or about August 1, 2022. The post New Residential to internalize management, change name to Rithm Capital?
Housing Wire
NOVEMBER 2, 2021
Powerhouse lender/servicer New Residential Investment Corp. Michael Nierenberg, who heads New Residential, gave the industry a glimpse of where things stand after the acquisition, noting in a statement that the “integration of Caliber and Newrez mortgage platforms is well underway.”.
Housing Wire
FEBRUARY 22, 2022
The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. The post Opinion: The “profitless boom” in residential construction appeared first on HousingWire.
Housing Wire
OCTOBER 11, 2021
New Residential Investment Corp. New Residential said that it expects Genesis to originate close to $2 billion of loans in 2021 and that the fix-and-flip lender has originated over 12,000 loans since 2014.
Eyes on Housing
JANUARY 10, 2022
Average hourly earnings for residential building workers have been growing fast recently, driven by the tightening construction labor market. As the labor market remains tight, wages have increased rapidly, particularly in residential building sector.
Housing Wire
JUNE 3, 2022
Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6%
Housing Wire
JULY 13, 2022
What does ESG’s growth and current ubiquity mean for residential MBS markets? If done responsibly, ESG and RMBS should coexist in a positive, self-reinforcing, meaningful way, and one that establishes the residential mortgage market as a best practices leader in the movement overall.
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Eyes on Housing
APRIL 4, 2022
Compared to a year ago, average hourly earnings for residential building workers continue to rise, as the construction labor market remains tight. According to the Bureau of Labor Statistics (BLS) report, average hourly earnings (AHE) for residential building workers were $28.66
Eyes on Housing
SEPTEMBER 8, 2021
The second quarter of 2021 marked the second consecutive quarter of loan growth for residential construction loans. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions increased by 4.9%
Eyes on Housing
SEPTEMBER 1, 2022
Private residential construction spending declined further in July, as rising mortgage rates and elevated construction costs put a damper on the market. Private residential construction spending was 14.1%
Housing Wire
DECEMBER 23, 2020
LoanDepot and Brookfield Residential announced on Wednesday the creation of a joint venture, BRP Home Mortgage. BRP will deliver a streamlined mortgage experience for Brookfield Residential homebuyers, said Dan Peña, executive vice president of national joint ventures for loanDepot.
Eyes on Housing
NOVEMBER 1, 2022
Private residential construction spending was virtually unchanged in September, with spending on single-family construction dropping just 2.6%. The value of September private residential construction put in place was at an annual pace of $918 billion, about 12.7%
Eyes on Housing
MARCH 1, 2022
Residential construction loan volume reached a post-Great Recession high during the fourth quarter of 2021, as home building activity posted gains for the year. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions increased 1% during the fourth quarter.
Housing Wire
NOVEMBER 5, 2021
Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Residential building is up 5.4% compared with its pre-COVID pace, while non-residential building remains 4.4% The post Residential construction jobs still haven’t returned appeared first on HousingWire.
Eyes on Housing
JULY 11, 2022
Average hourly earnings for residential building workers* continue to rise in May as the construction labor market remains tight, meanwhile the growth rate is trending down given tightening financial conditions and increased economic uncertainty.
Eyes on Housing
MAY 7, 2021
Residential construction employment rose by 3,100 in April, after an increase of 28,700 in March. Non-residential. Job gains unexpectedly slowed in April as states lifted COVID-19 restrictions on businesses and more people are vaccinated.
Eyes on Housing
MAY 2, 2022
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1% in March after an increase of 0.7% Total private residential construction spending was 18.4%
Eyes on Housing
APRIL 7, 2022
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.1% Total private residential construction spending was 16.6%
Eyes on Housing
FEBRUARY 1, 2022
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.1% Total private residential construction spending was 15.0%
Eyes on Housing
MARCH 2, 2022
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.3% Total private residential construction spending was 13.4%
Housing Wire
NOVEMBER 3, 2020
Online real estate marketing platform Hubzu has launched a new mobile app, available for residential real estate buyers. Hubzu is an end-to-end asset management platform for residential foreclosure, short sale, REO, deed in lieu, CWCOT and retail property auctions.
Eyes on Housing
JULY 1, 2022
NAHB analysis of the Census Construction Spending data shows that private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $938.2
Eyes on Housing
AUGUST 1, 2022
As mortgage rates reached 3-year high, private residential construction spending decreased 1.6% to a seasonally adjusted annual rate (SAAR) of $923.7 billion in June, according to NAHB’s analysis of the Census Construction Spending data. It was the first decline since May 2020.
Eyes on Housing
OCTOBER 4, 2022
Private residential construction spending declined 0.9% Private residential construction spending declined for the third consecutive month, standing at an annual pace of $921.9 in August, as single-family construction spending slid amid surging mortgage rates.
Eyes on Housing
JUNE 1, 2022
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.9% Total private residential construction spending was 18.4%
The American Genius for Real Estate
JULY 25, 2022
The post How agents transition successfully from residential to commercial real estate appeared first on The American Genius Real Estate. Op/Ed commercial real estate goldberg mentorship Real Estate News Residential Real Estate
Eyes on Housing
DECEMBER 1, 2021
NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate of $774.9 Total private residential construction spending was 16.7%
Eyes on Housing
NOVEMBER 1, 2021
NAHB analysis of Census Construction Spending data shows that total private residential construction spending decreased 0.4% Total private residential construction spending was 19.3%
Housing Wire
DECEMBER 4, 2020
The Mortgage Bankers Association (MBA) announced the new members of its 2021 Residential Board of Governors and the Chairs of the Residential Committee. ” RESBOG is the MBA’s main policy-setting group, focusing on issues involving the single-family residential market.
Eye on Housing
DECEMBER 4, 2020
Total construction industry (both residential and non-residential) employment totaled 7.4 Residential construction employment rose by 15,400 in November to 2.9 In the past seven months, job gains in residential construction offset.
Eyes on Housing
JANUARY 3, 2022
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.9% Total private residential construction spending was 16.3%
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