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Government Lending

Politics and money news can have a swift and significant impact on the housing industry, whether it’s related to policy changes that will directly affect the mortgage industry or a change in political leadership that is expected to trickle down and impact the mortgage and housing industries. As a housing market professional, it’s important to stay informed on politics and money news and understand how it may affect the housing and mortgage industries now and in the future.
HousingWire’s politics and money coverage, which spans breaking news, expert commentary and more, can keep you up to date on the news and coverage that matters to you. 

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America’s housing starts spike to 12-year high in August 

Sep 18, 2019By

Housing starts spiked 12.3% in August to a seasonally adjusted annual rate of 1.364 million and the pace for July was revised downward, according to the Department of Housing and Urban Development and the Department of Commerce. Joel Kan, the Mortgage Bankers Association Vice President of Economic and Industry Forecasting, said low mortgage rates coupled with the strong job market convinced homebuilders to ramp up production in August.