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Highlands Residential Mortgage hires Daniel McCoy as regional construction loan manager

Housing Wire

Highlands Residential Mortgage announced that Daniel McCoy is joining the company as a regional construction loan manager for the Southeast. Daniel McCoy McCoy leads the construction-focused McCoy Mortgage Team , which has previously affiliated with companies like MVB Mortgage , Intercoastal Mortgage and Cardinal Financial.

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What’s keeping homebuilders from large-scale layoffs?

Housing Wire

Todays new construction report from the Census Bureau showed month-to-month growth in housing starts, but falling housing permits. However, employment for residential construction workers hasnt fallen at all, even with the decline in housing starts and permits. What’s going on? This is 11.2 percent (15.7

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Southern construction boom is aiding housing affordability

Housing Wire

But increased activity in residential construction , particularly in the South, is helping to alleviate affordability challenges in certain regions, according to ananalysis from First American Financial Corp. This construction boom is contributing to slower home-price appreciation and, in some cases, price declines.

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Residential real estate activity picks up despite low inventory

Housing Wire

Demand from the buyer side has remained steady or increased, however, and new home builders have responded to inventory shortages by increasing speculative inventory production, according to the Federal Reserve Beige Book, released Wednesday. New York – The residential sales market has been strong across the District.

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Home inspector sees interaction from baby boomers, aging in place and reverse mortgages

Housing Wire

New construction The reverse mortgage industry has, for a while, aimed to communicate the potential benefits of the Home Equity Conversion Mortgage ( HECM ) for Purchase program as a mechanism for securing a new home by using a reverse mortgage. Some feel like homes arent built like they used to be.

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The Fed’s monetary policy is stifling new construction

Housing Wire

We had a good few months of positive builder confidence data for the new home sector and positive purchase application data for existing home sales. Anyone who thinks we are on the verge of a housing construction boom is kidding themselves, with the policy still this restrictive. Let’s take a look at the report. percent (±19.9

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Opinion: The “profitless boom” in residential construction

Housing Wire

The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Explosive supply and labor costs are forcing long delays and leaving builders out of pocket, as the United States’ property fervor drives insatiable demand. . The current situation isn’t sustainable.