Housing starts decreased by 14.7% in March from the month prior to a seasonally adjusted annual rate of 1.32 million, the Commerce Department reported today. The rate was 4.3% below the March 2023 level. New building permits—an indicator of future demand—dropped 4.3% in March from the month prior but was 1.5% higher than last year
ABA opposes proposed Freddie Mac second mortgage product
ABA said it opposed a proposal by Freddie Mac to purchase single-family, closed-end second mortgages on which the enterprise already...