What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

Real Estate

Builder confidence reaches highest level in eight years

Confidence has been rising steadily for four months

Builder confidence in the market for newly built, single-family homes rose three points to an August index score of 59, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index.

This is the fourth consecutive monthly gain, bringing the index to its highest level in nearly eight years, the association noted. Any number over 50 suggests the majority of builders view conditions in a particular segment of the market as "good".

"Firming home prices and thinning inventories of homes for sale are contributing to an increased sense of urgency among those who are in the market," NAHB Chairman Rick Judson said.

"Builder confidence continues to strengthen along with rising demand for a limited supply of new and existing homes in most local markets," noted NAHB Chief Economist David Crowe.

“However, this positive momentum is being slowed by the ongoing headwinds of tight credit and low supplies of finished lots and labor,” he added.

Additionally, two of the three components of the index posted gains in August.

The component gauging current sales conditions increased three points to 62.

Meanwhile, the index gauging sales expectations in the next six months gained a single point to 68.

The traffic index for prospective buyers stayed frozen at 45.

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