Two of the three HMI components were up this month: The index charting sales expectations in the next six months jumped four points to 79 and the index gauging current sales conditions increased two points to 76. But the component measuring buyer traffic dipped by one point to 51. The three-month moving averages for HMI scores posted gains in three out of the four regions: the Northeast and South each took three-point gains to hit 49 and 71, respectively, while the West rose one point to 78. The Midwest was unchanged at 68.
“This report shows that builders’ optimism in the housing market is solidifying, even as they deal with higher building material costs and shortages of lots and labor,” said NAHB Chairman Granger MacDonald, a home builder and developer from Kerrville, Texas.
The 25% reduction of its workforce comes as it posts $478 million Q2 loss.
Blend Labs Inc. says it has cut 25% of its workforce since April as it struggles to improve its financial position following a $478 million loss in the second quarter.
Nima Ghamsari, co-founder and CEO of the San Francisco-based mortgage technology company, noted the reduct...
The temporary buydowns will lower borrowers’ interest rates by up to 2% for the first two years of a mortgage.
United Wholesale Mortgage (UWM), the leading wholesale and purchase lender in the U.S., today announced the launch of temporary rate buydowns.
Effective today, the Pontiac, Mich.-based company said in a news release, “the new offering will allow independent mortgage brokers...