Real Estate Industry News & Insights
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QXO Launches $11 Billion Tender Offer to Acquire Beacon Roofing Supply
“We believe that Beacon would be a strong fit for QXO,” said Brad Jacobs, QXO’s chairman and CEO. Continue Reading QXO Launches $11 Billion Tender Offer to Acquire Beacon Roofing Supply
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...
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Q3 Multifamily Property Developer Sentiment is Mixed
“We expect multifamily construction to remain weak for another year,” said NAHB Chief Economist Robert Dietz. Continue Reading Q3 Multifamily Property Developer Sentiment is Mixed
Home Builders Group Congratulates Trump on Election
The NAHB had been repeatedly critical of Biden-Harris administration policies. Continue Reading Home Builders Group Congratulates Trump on Election
Fathom Holdings Acquires Arizona Brokerage
My Home Group brings over 2,200 agents and completes approximately 12,000 transactions annually. Continue Reading Fathom Holdings Acquires Arizona Brokerage
Mortgage Applications for New Home Purchases Down in May
The average loan size for new homes increased from $376,992 in April to $379,209 in May. Continue Reading Mortgage Applications for New Home Purchases Down in May
Premier Mortgage Resources Debuts Specialty Products Division
“The mortgage landscape is evolving, and so are the needs of our clients,” said Cory Swain, CEO. Continue Reading Premier Mortgage Resources Debuts Specialty Products Division
Virginia Homebuilders Partner on New Mortgage Lending Joint Venture
According to the companies, M2B Mortgage was created to “provide a more personalized, streamlined, and reliable lending experience.” Continue Reading Virginia Homebuilders Partner on New Mortgage Lending Joint Venture
Fairway Independent Mortgage Acquires Hallmark Home Mortgage
The acquired company will become Hallmark Home Mortgage, Powered by Fairway. Continue Reading Fairway Independent Mortgage Acquires Hallmark Home Mortgage
HomeXpress Mortgage Corp. Acquired by Chimera Investment Corp.
HomeXpress will operate as a subsidiary of Chimera under the continuing leadership of President and CEO Kyle Walker. Continue Reading HomeXpress Mortgage Corp. Acquired by Chimera Investment Corp.
Mortgage Rates Remain Mostly Flat
The 30-year fixed-rate mortgage averaged 6.84% as of June 12. Continue Reading Mortgage Rates Remain Mostly Flat
Mortgage Application Activity Up 12.5%
The Refinance Index increased 16% from the previous week and was 28% higher than the same week one year ago. Continue Reading Mortgage Application Activity Up 12.5%
Mortgage Credit Availability at Highest Level in Nearly 3 Years
“Credit supply increased to its highest level since August 2022,” said MBA’s Joel Kan Continue Reading Mortgage Credit Availability at Highest Level in Nearly 3 Years
California Program to Offer Mortgage Relief to Disaster Victims
Eligible homeowners will be able to apply for grants covering up to three months of mortgage payments, up to $20,000 total. Continue Reading California Program to Offer Mortgage Relief to Disaster Victims
NAMB Taps Ginger Bell to Become Growth Officer
She succeeds Jason Frazier, who launched NAMB’s online community Hive. Continue Reading NAMB Taps Ginger Bell to Become Growth Officer
