Adam Constantine on MLK Jr.’s impact on housing equality

During the interview, Constantine explains why the industry needs to focus on evoking intentional change rather than launching lackluster initiatives.

Navigating capacity concerns amidst record-high volumes

High loan volumes continues to loom large in the new year, making the “one-stop-shop” approach to the servicing and lending process even more appealing.

Amid record-high origination volumes, mortgage fraud risk is down

CoreLogic's recently released Mortgage Fraud Report is the industry standard for nationwide fraud monitoring and analysis. Read the findings here.

How student loan debt impact homeownership

Student loan expert Catalina Kaiyoorawongs shares her practical and tangible advice for people who feel overwhelmed by their student loan debt.

CoronavirusReal Estate

Homebuilders: An essential business that “backstops the economy”

Essential workers keep housing market rolling

As the housing industry adapts to navigate COVID-19, there is one sector that is mostly carrying on with business as usual. Even as states are locking down and ordering residents to stay at home, homebuilders are continuing to work. That’s because every state except Pennsylvania and Washington has declared homebuilders essential workers, according to the National Association of Home Builders CEO Jerry Howard. 

According to Howard, homebuilders are going to propel the economy forward after the coronavirus recession. “If you keep our demands moving forward, you will keep other sectors engaged, and hopefully help get them through this downtime,” Howard explained. 

But that isn’t the only reason why homebuilders need to keep working.

Homebuilders are essential workers

Unlike other members of the housing industry that have flexed their remote capabilities in the past weeks, builders, for obvious reasons, don’t have this opportunity and remain working on site.

“Because of the nature of our business, it’s very easy to comply with the safety standards,” Howard said. “It’s easy to have fewer than 10 people on a job site. It’s easy to keep those people who are onsite six-feet apart.”

The rest of this content is for HW+ members. Join today with a HW+ Membership! Already a member? log in

Most Popular Articles

Prepare for the rise in mortgage rates

Economists offer their takes on how high mortgage rates will climb, how lenders will respond and what impact this will have on the housing market. HW+ Premium Content

Jan 18, 2021 By

Latest Articles

2020 ends with 3.4 million loans in delinquency

The final delinquency tally for December is in, with data revealing that by end of 2020, 1.54 million more mortgages were reported delinquent.

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

Log In

Forgot Password?

Don't have an account? Please