Tag Archives: home builders

Led by a double-digit gain in multifamily activity, housing permits rose 0.4% from February, and were 6.7% higher year-over-year.

Economists have found that improvements in the economy and a rise in wage growth will continue to push mortgage rates upward and decrease consumer house-buying power as 2021 bleeds into 2022.

Supply chain issues for builders has contributed to a severe lack of inventory, which restricted home sales in September.

With the winter around the corner, Zillow has found the minor growth in inventory is helping shift the scales slightly in favor of buyers.

A new forecast by the MBA finds that while originations are expected to decline 33% from this year, lenders will turn their attention to their servicing business in order to meet profit margins.

Home builders are plagued with labor and lot shortages, and it’s causing their confidence in the single-family market to waver, according to new data released this week. Overall, builder confidence in the single-family residential market has dropped by two points in June. Single-family production fell 3.9 percent for the month of May, while multifamily construction dropped 9.7 percent. Overall, housing starts declined 5.5 percent across the nation.