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

June’s construction spending sinks 1.3% below last year’s rate

Residential construction spending falls 0.5% from the previous month

The U.S. Census Bureau announced that construction spending during June 2019 was estimated at a seasonally adjusted annual rate of $1.29 trillion.

Although June’s rate is similar to May’s, the organization indicated June’s spending is 1.3% below the June 2018 estimate of $1.31 trillion. This means June's level now represents the largest decline since November of last year. 

Spending on private construction was at a seasonally adjusted annual rate of $962.9 billion, 0.4% below the revised May estimate of $967 billion.

Of that, residential construction spending was at a seasonally adjusted annual rate of $507.2 billion in June, which is 0.5% below the revised May estimate of $509.7 billion.

June’s Housing Market Index revealed that as cost and labor concerns continue to grow, homebuilder confidence has begun to diminish.

According to the National Association of Home Builders and Wells Fargo, the index measuring current sales conditions retreated to 71 points and expectations for the next six months dropped to 70.

“Despite lower mortgage rates, home prices remain somewhat high relative to incomes, which is particularly challenging for entry-level buyers,” NAHB Chief Economist Robert Dietz said.  “And while new home sales picked up in March and April, builders continue to grapple with excessive regulations, a shortage of lots and lack of skilled labor that are hurting affordability and depressing supply.”

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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