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.

InvestmentsReal Estate

Harvard: Home remodeling will slow down significantly by year’s end

After a strong run, home improvement activity to return to average

Home improvement and repair activity is going to slow considerably by the end of 2019, according to the Joint Center for Housing Studies of Harvard University.

The center tracks the movement of this market through its Leading Indicator of Remodeling Activity, or LIRA, index.

The latest LIRA report released Thursday projected that spending on renovations and repairs will shrink from 2018’s 7.5% to 5.1% in 2019.

“Slowing house price appreciation, flat home sales activity, and rising mortgage interest rates are deflating owners’ interest in making major investments in home improvements this year,” said Chris Herbert, managing director at the center. “Continued slowdowns in homebuilding, sales of building materials, and remodeling permits all point to a more challenging environment for home remodeling in 2019.”

Still, improvement and repair spending will be considerable, with the year expected to see homeowners shell out $350 billion to update their homes. It just won’t be above average.

“After several years of stronger-than-average increases, the pace of growth in remodeling activity is expected to fall back to the market’s historical average annual gain of 5.2%,” said Associate Project Director Abbe Will.

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