The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Real Estate

Home construction slows moving into spring home-buying season

Building permits on the rise, but not for single-family

Despite the increase in need at the start of the spring home-buying season, housing starts fell in March, according to a joint report released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Privately owned housing starts decreased in March to a seasonally adjusted rate of 1.22 million. This is a decrease of 6.8% from February’s 1.3 million, but is still 9.2% above last year’s 1.11 million.

Of these, single-family starts rose to a rate of 821,000, a decrease of 6.2% from February’s 875,000.

Click to Enlarge

housing starts

(Source: U.S. Census Bureau, HUD)

However, while housing starts may be down, privately-owned housing units authorized by building permits increased in March to a seasonally-adjusted rate of 1.26 million. This is 3.6% above February’s revised rate of 1.22 million and 17% above last year’s 1.08 million.

But single-family authorizations in March decreased 1.1% to an annual rate of 823,000, down from February’s 832,000. This isn’t good news for real estate’s inventory-starved market that is about to enter one of the strongest spring home-buying seasons in recent memory.

Privately-owned housing completions increased to a seasonally-adjusted annual rate of 1.21 million, up 3.2% from February’s 1.17 million and up 13.4% from last year’s rate of 1.06 million. Single-family housing completions also fared well, increasing 7.9% from February’s 759,000 to March’s rate of 819,000.

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