MIG Market Watch, Week of January 20th, 2020
MARKET COMMENT Mortgage bond prices finished the week lower which put upward pressure on rates. There was a reverse of the flight to safety buying of MBSs Monday as tensions between the U.S. and
Dave Hershman – Why Predictions Don’t Work
We spent the past few weeks presenting for you summaries of 2019 and predictions for 2020. Then, as we do every year, there is an event that reminds us that predicting the future is
Recovery Added $11.3 Trillion to U.S. Housing Value in the 2010s
The U.S. housing market is now worth $33.6 trillion - Homes in California account for 21.2% of the country's total housing value, more than the next three highest-valued states combined - Three U.S. metros
HUD AND CENSUS BUREAU REPORT RESIDENTIAL CONSTRUCTION ACTIVITY IN DECEMBER 2019
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for December 2019. Building Permits Privately owned housing units authorized by building
Fannie Mae Multifamily Closes 2019 with Record Volume of More Than $70 Billion
Fannie Mae provided more than $70 billion in financing to support the multifamily market in 2019, the highest volume in the history of its Delegated Underwriting and Servicing (DUS®) program. Fannie Mae continues to
December New Home Purchase Mortgage Applications Increased 38.7 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for December 2019 shows mortgage applications for new home purchases increased 38.7 percent compared to December 2018. Compared to November 2019, applications decreased by
HUD ANNOUNCES SECOND DISASTER RECOVERY GRANT AGREEMENT WITH PUERTO RICO, MAKING $8.2 BILLION AVAILABLE
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today formally announced a grant agreement with Puerto Rico, making an additional $8.2 billion available to Puerto Rico to help with disaster recovery
NY Attorney General Announces Over $8 Million Grants To 10 Cities To Develop New Strategic Housing Programs
Cities For Responsible Investment And Strategic Enforcement (“Cities RISE”) Advance Neighborhood Revitalization and Help Cities Address Housing Challenges Attorney General Letitia James today announced over $8 million in grant awards as part of the
HUD AWARDS NEARLY $500,000 TO PUBLIC HOUSING AUTHORITIES TO HELP YOUNG PEOPLE AGING OUT OF FOSTER CARE
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $482,000 to four housing authorities to assist young people aging out of foster care and who are at risk of experiencing homelessness. See
Freddie Mac Multifamily 2020 Outlook Projects Originations Will Grow to $390 Billion
Rent Growth Set to Continue as New Supply is Quickly Absorbed After a year of continued strong growth in the multifamily market, Freddie Mac (OTCQB: FMCC) projects that origination volume will continue growing into 2020, reaching