Mortgage demand for new homes is down 6.9% in the past year

Mortgage applications for new-home purchases fell 6.9% year over year in February, according to data from the Mortgage Bankers Association (MBA)’s Builder Application Survey that was released Thursday.Applications edged up 0.3% from January without taking seasonal adjustments into account.“New home

Southern construction boom is aiding housing affordability

As the 2025 spring homebuying season begins, the national housing market continues to struggle with supply shortages. But increased activity in residential construction, particularly in the South, is helping to alleviate affordability challenges in certain regions, according to ananalysis from First

Senate confirms Bill Pulte as FHFA director

The U.S. Senate on Thursday confirmed Bill Pulte to serve as the new director of the Federal Housing Finance Agency (FHFA). Pulte succeeds Sandra Thompson, who led the agency under the Biden administration but left before the inauguration of Donald Trump.Pulte was confirmed in a vote of 56-43, with