Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy.

How to simplify the appraisal process for everyone in today’s hot market

While the world might be slowly getting back to normal, the housing boom is far from over. Appraisers need to make sure they have the right tools to manage the high demand.

Robert Dietz on why the single-family rental market is growing

In this episode of HousingWire Daily, NAHB's Robert Dietz explains why the marketshare of single-family rentals is growing despite strong homebuyer demand. He also discusses the NAHB’s latest Housing Market index.

Politics & Money

U.S. construction spending rises 0.5% in September

Private residential projects led the gain

Spending on U.S. construction during September was estimated at a seasonally adjusted annual rate of $1.294 trillion, increasing 0.5% from the revised August estimate of $1.287 trillion, the U.S. Census Bureau said. September’s spending was 2% below a year earlier.

Spending on private construction was at a seasonally adjusted annual rate of $961.7 billion, 0.2% above the revised August estimate of $959.9 billion, and 4.6% below a year ago.

Of that, residential construction spending was at a seasonally adjusted annual rate of $511.4 billion in September, which is 0.6% above the revised August estimate of $508.4 billion but 3.6% down from a year ago.

A measure of homebuilder confidence in September revealed that the nation’s low-interest rates continue to fuel homebuyer demand, which has spurred an uptick in overall homebuilder confidence.

According to the National Association of Home Builders and Wells Fargo, the Housing Market Index, which measures current sales conditions, rose from 73 to 75 points, while buyer traffic came in at 50 points.

Low-interest rates and solid demand continue to fuel builders’ sentiments even as they continue to grapple with ongoing supply-side challenges that hinder housing affordability, including a shortage of lots and labor,” NAHB Chairman Greg Ugalde said.

The three-month moving averages for regional HMI scores show the Northeast grew from 57 to 59 points, the South moved one point from 69 to 70, the West increased two points to 75 and the Midwest held steady at 57 points.

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

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