Builder confidence edges up in June

Fannie Mae debuts “risk-sharing” mortgage-backed security Foreclosure sales drop to lowest level since 2007 Multifamily development picks up despite falling demand MGIC writes $2.1B in new primary mortgage insurance The market share of primary mortgage insurance written by government programs continued to exceed that written by PMI in 2018, however pmi recaptured share from those programs due in part to a. · While multifamily construction activity is ramping up, a demand-supply imbalance exists. Furthermore, multifamily costs are climbing while the real median renter income is falling. “Last year, we built over 400,000 new multifamily units, most of them rental,” said harvard jchs director chris hebert during a related webcast.