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Mortgage Banks Reported Negative Profits for the First Time Ever in 2022

Pro Builder

Negative profits in 2022 are likely a result of slower housing activity caused by higher financing costs coupled with elevated home prices, leading to lower purchase and refinance volume. Read more Financing Affordability Market Data + Trends Financing

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How Biden Plans to Address Housing Affordability

Pro Builder

How Biden Plans to Address Housing Affordability. Joe Biden has big plans for the housing market, and especially for housing affordability. CNBC says Biden’s housing plan could relieve buyers by easing the pressure on home prices and supply. Housing Policy + Finance. cbroderick. Wed, 01/20/2021 - 10:04.

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How Land Banking Could Help Builders Battling Shortages

Pro Builder

How Land Banking Could Help Builders Battling Shortages. Land banking offers a potential solution for builders to generate strategic capital and minimize the risks associated with land ownership in the midst of national shortages, according to John Burns Real Estate Consulting. COVID-19 has fundamentally changed the housing industry.

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The U.S. Needs 5.5 Million More Units to Close Housing Gap

Pro Builder

Million More Units to Close Housing Gap. With the release of a new report that found the housing market needs 5.5 million more units, the National Association of Realtors (NAR) is calling on lawmakers to green-light housing investments in an infrastructure package. housing markets needs 2 million single-family homes, 1.1

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Advice for Home Builders Navigating a Market in Flux

Pro Builder

Housing’s Best Decade Ever In 2020, we published a special report titled “ The Roaring 2020s: Housing’s Best Decade ,” which outlines why this will be the best decade for housing demand in U.S. In addition, the front end of Generation Z (Zoomers) is entering the rental housing market.

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When Will the Fed’s Rate Hikes Come to an End?

Pro Builder

As the Federal Reserve continues to raise its short-term rates to cool inflation and slow the housing market, prospective buyers are desperate for a reprieve . Housing Policy + Finance. Financing. Given this intended policy stance, a hard landing with a mild economic recession is, in our view, highly likely.

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15 Management Systems to Help You Avoid the High-Speed Wobbles

Pro Builder

Unprepared home builders experiencing rapid growth run the risk of squandering opportunities during the best decade in housing’s history. The silver lining: It was an opportunity for new home builders to enter the market as it recovered, and demand for new housing slowly but surely accelerated thanks to a Recession-induced shortfall of 3.8