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.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

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

Construction spending falls 0.9% in March

Residential construction spending drops 1.8% from the previous month

The U.S. Census Bureau announced that construction spending during March 2019 was estimated at a seasonally adjusted annual rate of $1.28 trillion, retreating 0.9% from the revised February estimate of $1.29 trillion.

Notably, the organization indicated March’s spending is 0.8% below the March 2018 estimate of $1.293.3 billion.

Additionally, spending on private construction was at a seasonally adjusted annual rate of $961.5 billion, 0.7% below the revised February estimate of $968.6 billion.

Of that, residential construction spending was at a seasonally adjusted annual rate of $500.9 billion in March, which is 1.8% below the revised February estimate of $510.1 billion.

March’s Housing Market Index revealed that although homebuilders reported the market was strengthening, affordability remained a significant deterrence to its growth.

In fact, while the index measuring current sales conditions rose from 66 to 68 points, buyer traffic declined from 48 to 44 points.

“Builders report the market is stabilizing following the slowdown at the end of 2018 and they anticipate a solid spring home buying season,” NAHB Chairman Greg Ugalde said.

However, the report indicated that a skilled worker shortage, lack of buildable lots and stiff zoning restrictions were among the biggest challenges builders faced as they strived to construct affordable homes.

Latest Articles

Existing home sales pop the 2021 housing bubble boys

So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5,640,000. Even with the unhealthy home price gains that we have seen in the last two years, more Americans have bought homes with mortgages in 2020 and 2021 than any single year from 2008-2019, and this looks perfectly normal with our current demographics. HW+ Premium Content

Sep 22, 2021 By
3d rendering of a row of luxury townhouses along a street

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