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Homebuilder

Housing Wire

Homebuilder confidence declines for the first time in 2023 amid 7% rates

August 16, 2023 Mark Paul Cervantes Comments Off on Homebuilder confidence declines for the first time in 2023 amid 7% rates

Homebuilder confidence declined for the first time this year in August, reflecting the difficulties of 7% mortgage rates and reduced housing affordability. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report […]

Housing Wire

Homebuilder remodeling market sentiment edges up in Q1

April 13, 2023 Mark Paul Cervantes Comments Off on Homebuilder remodeling market sentiment edges up in Q1

As homebuilder sentiment in the newly built single-family home market has started to rise in 2023, so has builder sentiment in the remodeling market. The National Association of Home Builders (NAHB)/Westlake Royal Remodeling Market Index […]

Homebuilder
Housing Wire

Homebuilder sentiment finally perks up as mortgage rates drop

January 18, 2023 Mariel Alumit Comments Off on Homebuilder sentiment finally perks up as mortgage rates drop

After a year of declines, homebuilder sentiment started off 2023 with a modest uptick, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. It suggests homebuilder sentiment has bottomed […]

Homebuilder
Weely Real Estate News

Homebuilder sentiment tumbles in September for ninth straight month

September 23, 2022 Allen Santos Comments Off on Homebuilder sentiment tumbles in September for ninth straight month

  Source: Fox Business —  Confidence among builders in the U.S. housing market plunged more than expected in September to the lowest level since the beginning of the COVID-19 pandemic as painfully high inflation and rising borrowing […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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