Invitation Homes is stepping into the lending business, loaning $32.7 million to a Texas developer for a Houston housing project. The single-family rental giant said the loan to the unnamed builder will support 156 homes, and it will have the option to purchase the project. The publicly traded company, which owns or manages over 110,000 […]
SFR giant Invitation Homes starts lending to homebuilders Read More »
The Trump administration is defending new building standards that over a dozen states and a leading industry trade group say will markedly raise housing costs. A federal judge this week scheduled a hearing which could determine the fate of the lawsuit over the adoption of energy efficiency standards a decade in the making. The Department
HUD, USDA defend rule NAHB argues will hike housing costs Read More »
More markets are watching falling home prices as the inventory of properties for sale piles up. Home prices grew 1.6% in May from the same time last year, down from April’s 2% annual growth rate according to Intercontinental Exchange. The company’s Home Price Index is the latest report showing continued growth in the nation’s house
Home prices are fading in the West as inventory rises Read More »
US housing starts increased in April as a pickup in multifamily home construction more than offset a decline in single-family dwellings caused by elevated inventory. New residential construction increased 1.6% to an annualized rate of 1.36 million homes, according to government data released Friday. That was in line with the median estimate in a Bloomberg
Housing starts increase on pickup in multifamily construction Read More »
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%
Mortgage applications for new homes soar to record high Read More »