Residential construction activity picked up in June, but the gains were concentrated in multifamily, and future supply indicators softened, according to newly released U.S. Census Bureau data. Privately owned housing starts rose to a seasonally adjusted annual rate of roughly 1.3 million units in June, up 19% from a revised May pace of roughly 1.12 […]
June housing starts jump 19%, fueled by strong multifamily gains Read More »
Union Home Mortgage Corp. (UHM) has acquired AmeriTrust Mortgage Corp. in an asset deal that closed in 45 days, boosting UHM’s exposure to the nonqualified mortgage (non-QM) market. Financial terms were not disclosed. “There have been long-term relationships between some of the senior executives on both sides,” UHM CEO Bill Cosgrove told HousingWire. “We are acquiring
Union Home Mortgage buys AmeriTrust assets, expands non-QM Read More »
Housing starts beating estimates while housing permits are near cycle lows is an odd situation, but I am here to make sense of it and explain where exactly we are in the housing construction cycle. First, we have to always remember that housing starts are a very volatile number with a lot of revisions. Whenever
Housing permits near cycle lows even as housing starts beat estimates Read More »