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Forecast: Construction Industry Needs 439,000 Workers in 2025
A new forecast by the Associated Builders and Contractors (ABC) is estimating that an estimated 439,000 net new workers are needed this year to meet anticipated demand for construction services. The forecast also predicted the construction industry will need to bring...
NAHB and MBA Commend Trump’s Inauguration While NAR Stays Silent
NAR focused on the Martin Luther King Jr. Day observances. Continue Reading NAHB and MBA Commend Trump’s Inauguration While NAR Stays Silent
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
State Farm, in a Reversal, to Renew Los Angeles County Homeowner Policies
“We are putting tens of millions of dollars back into customers’ hands,” the company said. Continue Reading State Farm, in a Reversal, to Renew Los Angeles County Homeowner Policies
Appraisal Foundation Seeks Candidates for Board of Trustees
The board meets twice a year and trustees are reimbursed for travel expenses only. Continue Reading Appraisal Foundation Seeks Candidates for Board of Trustees
Housing and Real Estate Trade Groups Back Scott Turner as Next HUD Secretary
The trade organizations said Turner “understands the value of strengthening public-private partnerships.” Continue Reading Housing and Real Estate Trade Groups Back Scott Turner as Next HUD Secretary
Mortgage Application Activity Starts 2025 in Decline
The Refinance Index increased 2% from the previous week and was 6% lower than the same week one year ago. Continue Reading Mortgage Application Activity Starts 2025 in Decline
Mortgage Rates at Highest Level Since July
The 30-year fixed-rate mortgage averaged 6.91% as of Jan. 2. Continue Reading Mortgage Rates at Highest Level Since July
Mortgage Applications Down Over a Two-Week Period
The refinance share of mortgage activity decreased to 39.4% of total applications from 44.3% the previous week. Continue Reading Mortgage Applications Down Over a Two-Week Period
Mortgage Rates Continue to Rise
The 30-year fixed-rate mortgage averaged 6.85% as of Dec. 26. Continue Reading Mortgage Rates Continue to Rise
Mortgage Forbearance Level Inches Up
The share of Fannie Mae and Freddie Mac loans in forbearance increased 1 basis point to 0.21% last month. Continue Reading Mortgage Forbearance Level Inches Up
Mortgage Rates Rise Ahead of Christmas
The 30-year fixed-rate mortgage averaged 6.72% as of Dec. 19. Continue Reading Mortgage Rates Rise Ahead of Christmas
CFPB: Mortgage Servicers Preying on Divorced and Widowed Borrowers
The CFPB report also noted that domestic violence survivors face additional problems with servicers. Continue Reading CFPB: Mortgage Servicers Preying on Divorced and Widowed Borrowers
New York State Considers Expanding CRA Law to Cover Nonbank Mortgage Lenders
The proposed regulation tests will take place where the nonbanks are originating loans rather than where they have a physical branch presence. Continue Reading New York State Considers Expanding CRA Law to Cover Nonbank Mortgage Lenders
Mortgage Application Activity Down Slightly
The MBA reported mortgage applications for new home purchases in November were up 7.2% year-over-year. Continue Reading Mortgage Application Activity Down Slightly
Mortgage Rates Take Another Drop
The 30-year fixed-rate mortgage averaged 6.60% as of Dec. 12. Continue Reading Mortgage Rates Take Another Drop
