Industry News

FHA Lowers Annual Mortgage Insurance Premiums

Tom Oslund

In a move that will make home loans more affordable, the Federal Housing Administration (FHA) announced today that it will reduce the annual premiums most of its borrowers pay on mortgage insurance premiums by 0.25 percentage points from 0.85% to 0.60%. The agency said that the new lower premium rates are projected to save new FHA-insured home owners an average of $500 this year.

NAHB...

Housing Will Continue Gradual Climb to Higher Ground in 2017

Tom Oslund

Fueled by a growing economy, solid employment gains and rising household formations, single-family production will continue on a gradual, upward trajectory in 2017, according to economists speaking at the International Builders’ Show in Orlando, Fla. today.

“While positive developments on the demand side will support solid growth in the single-family housing sector in 2017, builders in...

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