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Posted To: Pipeline Press

Well, we sailed through another perfectly good month, and many lenders had a superb July funding month. And there is great optimism about August’s numbers as well. Veterans, however, are watching locks to see how September is going to shape up. The MBA reports that applications have fallen for three straight weeks, not a recipe for success for many residential lenders. And some areas continue to have a lack of inventory for sale. Stat-wise, the nation’s housing stock increased by 6.8 million units (5.2 percent) since April 1, 2010, per the U.S. Census Bureau. North Dakota was the fastest-growing state in terms of housing units, with an increase of 18.9 percent during that time. Rounding out the top five states in percentage gain were Utah (13.2 percent), Texas (11.3 percent), Idaho…(read more)

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