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

Pro Builder

The 2022 deficit represents a 113% decrease from the previous year's average income of $2,339 per mortgage. 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.

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Top 25 Finalists for Ivory Innovations' Housing Affordability Prize

Pro Builder

Top 25 Finalists for Ivory Innovations' Housing Affordability Prize esorum Thu, 03/16/2023 - 09:09 This year’s finalists in the Construction & Design category include solutions to the labor shortage as well as environmentally friendly building solutions focused on decreasing construction time.

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Johnney Zhang Is Introducing Crypto to the Housing Industry

Pro Builder

Johnney Zhang Is Introducing Crypto to the Housing Industry. economy, USPC is backed by income-producing real estate and housing projects (that is, rentals), allowing each shareholder to reap the benefits of home equity gains without being, or becoming, a homeowner. Thu, 12/01/2022 - 11:41. Layne Deakins, Associate Editor.

Housing 52
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Housing Outlook: Is This a Recession … or Not?

Pro Builder

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

Housing 98
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Built to Rent Is Booming, But Operational Challenges Loom for This Overheated Housing Sector

Pro Builder

Built to Rent Is Booming, But Operational Challenges Loom for This Overheated Housing Sector. As a housing solution, single-family built-to-rent (B2R) is gaining serious momentum across the country. Single-Family Rentals Are Taking Over the Housing Market. Thu, 01/27/2022 - 16:35. Are You Ready for Build to Rent?

Housing 105
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Investor Purchases of Single-Family Homes Threaten an Overcrowded Market

Pro Builder

Buy-to-rent investment purchases could pose a substantial risk to the housing market, particularly with dwindling supply. According to the CalculatedRisk Newsletter, demographics are now favorable for buying homes, but new house hunters are squaring off against investors who are able to obtain financing at lower rates.

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Why Builders Wait to See Lower Lumber Prices

Pro Builder

NAHB Policy Brief | Lumber prices have moderated, but lower costs haven't worked their way to builders; New home prices too expensive for lower-income households. Participants in the lumber supply chain have an incentive to maximize profit margins when prices are rising and to avoid absorbing losses when prices start to recede.

NAHB 98