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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. Why haven’t the homebuilders started doing layoffs?

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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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Deephaven’s Tom Davis: ‘Either you take market share, or someone takes yours’

Housing Wire

We’re looking at product expansions and introducing products that we have or through our sister company Anchor Home Loans , which specializes in residential transition loans (RTLs). For example, 30% of purchase transactions were new construction last year. New construction has been 33% of all purchase transactions, right?

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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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The Fed’s monetary policy is stifling new construction

Housing Wire

This also means that if construction workers can’t find AI data centers to work on , we will most likely lose some construction workers. When mortgage rates were over 6.75% earlier in the year, we had no growth in residential construction workers, and single-family permits were falling all year. recession isn’t far away.

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Kiavi expands investment lending options to 13 more states

Housing Wire

Residential real estate capital provider Kiavi announced Monday that it is expanding into 13 additional states, broadening the company’s reach to 45 states and Washington, D.C. It also closed five RTL securitizations for nearly $2 billion and expanded its product suite by launching a new construction financing product.

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