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Single-Family Housing Starts Up in December

Single-Family Housing Starts Up in December

by Phil Hall | Jan 17, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family housing starts were at a rate of 1.05 million in December, according to data from the US Census Bureau and Department of Housing and Urban Development. This is 3.3% above the revised November figure of 1.01 million. Privately-owned housing starts in...
A&D Mortgage Acquires Wholesale Mortgage Origination Business from Mr. Cooper

A&D Mortgage Acquires Wholesale Mortgage Origination Business from Mr. Cooper

by Phil Hall | Jan 17, 2025 | Market Snapshot, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

A&D Mortgage LLC, the Fort Lauderdale-headquartered non-QM lender, has signed a definitive agreement to acquire the wholesale and non-delegated correspondent mortgage business from Mr. Cooper Group Inc. (NASDAQ: COOP) Mr. Cooper previously acquired the wholesale...
California Realtors Donate $600,000 to Wildfire Relief Funds

California Realtors Donate $600,000 to Wildfire Relief Funds

by Phil Hall | Jan 17, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The California Association of Realtors (CAR) is contributing a combined $600,000 toward two realtor-sponsored charitable funds to help those who have incurred substantial losses due to the ongoing Los Angeles County wildfires. CAR is donating $300,000 to its Disaster...
Trump Nominates Bill Pulte to Become FHFA Director

Trump Nominates Bill Pulte to Become FHFA Director

by Phil Hall | Jan 16, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

President-elect Donald Trump announced that he will nominate Bill Pulte to become the next director of the Federal Housing Finance Agency (FHFA). Pulte is the CEO of Pulte Capital Partners and has gained prominence for his philanthropic endeavors on X (formerly...
Builder Confidence Inches Up

Builder Confidence Inches Up

by Phil Hall | Jan 16, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Builder sentiment began 2025 with a mild upswing, despite concerns over how building material tariffs and costs and a larger government deficit could impact inflation and mortgage rates. Builder confidence in the market for newly built single-family homes was 47 in...
Canadian Housing Starts Up 2% During 2024

Canadian Housing Starts Up 2% During 2024

by Phil Hall | Jan 16, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Canada recorded 245,120 housing starts in 2024, up 2% year-over-year, according to data from the Canada Mortgage and Housing Corporation (CMHC). The vast majority of housing starts (245,120) were in markets with populations of 10,000 and greater, while an estimated...
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