Mortgage application activity surged during the week ending Sept. 12 thanks to an upswing in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, spiked by 29.7%...
Single-family housing starts in August were at a rate of 890,000, according to data from the US Census Bureau and the Department of Housing and Urban Development. This marked a 7% drop from the revised July figure of 957,000. Privately-owned housing starts in August...
The leadership of the Congressional Real Estate Caucus have introduced a new bill that seeks to address the nation’s housing affordability challenges. The bipartisan Saving the American Dream Act will create an interagency task force to confront issues including...
Mortgage applications for new home purchases in August were down 6% from July but were also 1% higher from one year ago, according to new data from the Mortgage Bankers Association (MBA). The MBA estimated new single-family home sales were running at a seasonally...
Builder sentiment levels remained unchanged in September, according to the latest the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) data report. Builder confidence in the market for newly built single-family homes was 32 in...
The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) is allocating $11.7 million in grant funding to support affordable multifamily rental housing development across its district. Through the Multifamily Housing Bridge Fund, the bank will provide up to $500,000 per...
