Lumber is on a tear again, bringing back the specter of increasing construction costs.
“Prices are well above trend pricing, as well as our own price forecasts,” Mark Wilde, an analyst at BMO Capital Markets in New York, said Wednesday in an email. “We are also just heading toward spring construction season and housing market activity, so it wouldn’t surprise me to see prices rally further.”
Wood prices
The fiscal condition at the government agency is much healthier today than when the Department of Housing and Urban Development put the policy into effect back in 2013.
Activity from smaller mom-and-pop investors dominates the segment, but their impact on overall housing prices might be overstated, Corelogic's research found.
Flood insurance could hold up some home sales and lending, while major bank regulatory agencies will remain funded even if the government is unable to pass the necessary legislation before funding runs out.
The Federal Housing Administration is suggesting servicers get early access to the funds they have advanced at a time when many T&I payments have been high.
A borrower alleges the bank made billions of dollars in profit off millions of dollars in rate lock extension fees it wrongly charged mortgage customers.
Boomer wealth surged by $19 trillion in just under five years, with approximately half coming from home equity, according to new Freddie Mac research.
