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Homebuilders

Mortgage applications for new homes soar to record high

Homebuilders, Housing Inventory, Originations, REALTORS & HOMEBUILDERS /

New-home purchase activity is showing renewed strength this spring, with loan applications hitting their highest mark on record, according to the Mortgage Bankers Association. Mortgage applications for newly constructed single-family homes in April accelerated 5.3% from a year ago, the industry trade group said. On a month-over-month basis, loan volume increased a nonseasonally adjusted 2% […]

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Mortgage bankers ask OMB to end or revise several rules

Homebuilders, Originations, Politics and policy, Regulation and compliance, Servicing /

The Mortgage Bankers Association has responded to the Office of Management and Budget’s request for information on “unnecessary, unlawful, unduly burdensome and unsound rules” with several origination and servicing policy suggestions. There already has been pullback from some of the policies the association is calling for the Office of Management and Budget to rescind, with

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Homebuyers turn to aging properties as construction lags

Affordability, Construction, Homebuilders, Homebuyers, Housing Inventory, Housing Market, HWmember, Real Estate, Redfin /

The median age of homes purchased nationwide reached a record high of 36 years in 2024, a significant jump from 27 years in 2012, according to an analysis released Monday by Redfin. The trend reflects a long-term slowdown in new home construction and growing affordability challenges. Buyers are increasingly turning to older properties, often out

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