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Nonresidential Construction Spending in U.S. Projected to Increase Through 2023

Nonresidential Construction Spending in U.S. Projected to Increase Through 2023

by Third Party | Feb 17, 2022 | Industry Updates, News/Current Events

Source: World Property Journal —  According to the American Institute of Architects, the U.S. nonresidential building sector is expected to see a healthy rebound through next year after failing to recover with the broader economy last year. The AIA’s...
Why private construction jobs are requiring surety bonds, too

Why private construction jobs are requiring surety bonds, too

by Third Party | Feb 16, 2022 | Industry Updates, News/Current Events

Source: Construction Dive —  Public construction projects almost always require surety bonds. As a type of insurance, bonds protect the government if the wheels come off a project, or the contractor absconds with the funds. Indeed, bonding has been mandatory on...
The average size of a new mortgage just set a record, as home prices continue to climb

The average size of a new mortgage just set a record, as home prices continue to climb

by Third Party | Feb 16, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: CNBC —  Homebuyers are facing one of the priciest housing markets in history, and that means they need larger mortgages than ever before. While mortgage demand is falling, due to rising interest rates, the size of the average purchase loan application...
Servicing platforms for mortgage lenders will be buffer for rising rates, says Argus’ Heal

Servicing platforms for mortgage lenders will be buffer for rising rates, says Argus’ Heal

by Third Party | Feb 15, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: CNBC —  Kevin Heal, Argus Research, joins ‘Power Lunch’ to discuss which mortgage lending stocks are best set up for growth and how rising interest rates will affect the sector.   ​ Read...
Black buyers are getting pushed out of the housing market faster than anyone else

Black buyers are getting pushed out of the housing market faster than anyone else

by Third Party | Feb 15, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Business Insider —  Housing affordability just hit an all time-low  —  and it’s making homeownership especially unattainable for Black Americans. According to the National Association of Realtors (NAR), only 245,300 of the homes currently listed...
Bye, Open Floorplan: How Real Estate Buyers’ Priorities Have Shifted Throughout The Pandemic

Bye, Open Floorplan: How Real Estate Buyers’ Priorities Have Shifted Throughout The Pandemic

by Third Party | Feb 15, 2022 | Industry Updates, News/Current Events

Source: Forbes —  When the first iteration of the coronavirus descended on New York City in March 2020, almost two years ago, commerce pretty much ceased. No one went to stores. No one went to restaurants. In fact, no one except essential workers went much of...
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