Are higher rates finally impacting homebuilders?
Have homebuilders reached their limit on how much they can lower mortgage rates to boost demand? Today we got the housing starts data, which was a beat of estimates, but total housing activity isn’t booming here. I firmly believe that the builders can’t solve the housing inventory situation when it
Read MorePhoenix building restrictions squeeze construction firms and agents

A ban on residential building permits in parts of the Phoenix area is angering builders and agents, who feel it may curb the supply of affordable housing.“Our main concern on the implication of the model that was released is housing affordability,” Spencer Kamps, the vice president of legislative af
Read MoreCHLA to FHFA: please make no further pricing adjustments for ‘extended period of time’

The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Finance Agency (FHFA) in response to a recent request for input (FRI) on GSE single-family pricing framework. Its message? The trade group asked the regulator to “make no further changes for an extended
Read MoreDOJ tells appeals court to overturn NAR commission ruling

The U.S. Department of Justice’s appeal against a lower court’s ruling on its investigation into the National Association of Realtors’ commission and pocket listing policies is heating up.On Friday, attorneys for the DOJ’s Antitrust Division filed a brief claiming that the lower district court has m
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