Mortgage Tech Demo Day

In a half-day format, technology companies will demo their platforms and answer questions. You can tune in for the whole demo day, or strategically drop in on sessions to learn about specific solutions.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

Road to the one-click mortgage

This white paper will outline how leveraging a credential-based data provider can save money for lenders, reduce friction for borrowers, speed time to close, and overall bring lenders one step closer to a one-click mortgage.

Real Estate

Housing starts decline in May, up over last year

Single-family housing starts in May rose 28.5% over last year, with 708,000 starts recorded in the month compared to 551,000 units a year earlier, the government said Tuesday.

The U.S. Census Bureau and the Department of Housing and Urban Development compiled the report, which also shows housing starts down 4.8% from April’s estimate of 744,000 units.

Building permits in May rose 7.9% from 723,000 in April to 780,000 last month. From last year, building permits were up 25%.

Single-family permits also hit 494,000 in May, up 4% from April.

Meanwhile, home completions in May fell 10.3% from April to 598,000. That figure is still 10.1% above the 2011 rate of 543,000 home completions.

“For the latest month the single-family component gained 3.2% after a 4% rise in April,” Econoday analysts said. The multifamily component, which is volatile, fell 21.3%, following an 8.4% boost in April. By region, the fall in starts reflected a 20.3% decrease in the Northeast with the Midwest declining 13.3% and the South falling 6.1%. The West rose 2.6%.”

Econoday noted that housing permits improved in May which could suggest construction growth in the next several months.

kpanchuk@housingwire.com

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3d rendering of a row of luxury townhouses along a street

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