The availability of some loans used to build homes dried up due to the coronavirus. Opening up the economy may help if it doesn't lead to a spike in infections, and if consumer demand persists. ... Read full article
The company is buying a homebuilder finance portfolio with $47 million in loans and $80 million in commitments. ... Read full article
A number of banks have stepped up efforts to lend to residential developers, though they are mindful of missteps made before the financial crisis. ... Read full article
Umpqua Bank has hired veteran lender Tom Farrell to help it grow its homebuilder finance group in California. ... Read full article
A House Republican tax proposal that infuriated housing groups and sent homebuilder stocks sliding would only have a modest impact on the market for new homes and could end up being a net positive for the industry, according to Keefe, Bruyette & Woods ... Read full article
While the House disaster relief bill would provide $16 billion in debt relief for the National Flood Insurance Program, it does not include a Trump administration proposal to ban new construction in flood-prone areas. ... Read full article
For the first time in a decade, new owner households created in the first quarter were higher than the creation of renter households. ... Read full article
A new tariff on Canadian lumber threatens to further disrupt homebuilding at a time when lenders are increasingly concerned about a purchase mortgage resurgence that has failed to materialize. ... Read full article
Homebuilders looking for single-family construction loans may have better luck with small and midsize banks than larger ones, according to a report by the National Association of Home Builders. ... Read full article
