Fannie: Millennial housing demand declines further

Fannie: Millennial housing demand declines further

Fall comes even as housing affordability for young improves

Case-Shiller: Home price gains decelerate rapidly

Biggest drop in HPI since November 2012

Can Quicken Loans save Detroit?

Forbes: “Dan Gilbert is saving Detroit to help his business”
W S
Lending / The Ticker

Homebuilders turn profit on lending revenue

/ Print / Reprints /
| Share More
/ Text Size+

The Federal Reserve's initiatives to increase home lending through low interest rates and accommodative policy has buoyed the earnings of homebuilders that benefit from revenue gains within their lending units, Businessweek reported.

Apparently, builders with lending units are seeing lucrative lending returns in a market where the Fed is trying to drive a recovery through housing.

Businessweek reports that PulteGroup (PHM) alone saw its mortgage revenue grow 70% in the third-quarter, which is six times higher than its revenue gain from home sales alone, according to Businessweek.

To read the full article from Kathleen Howley, click here.

 

Source: Businessweek
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus