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Fannie Mae awarded 919 deeply delinquent loans with $203.3 million of unpaid balance to Residential Credit Opportunities Trust IX-D. The runner-up bid alone was 100.375% of face value, a reflection of 4.31% note rates and 48% loan-to-value ratios.
Texas new-home sales dropped to 5,658 in August and pending sales fell 10.7% from a year earlier, HomesUSA.com reported Sept. 21, while days on market improved for a fourth straight month and average prices held near $424,000.
U.S. construction starts fell to a $1.34 trillion annual rate in August, Dodge Construction Network reported Sept. 21, giving back most of July’s megaproject-driven jump. Data centers and power plants still dominated the largest groundbreakings.
Concrete took 5% of last year’s single-family completions and steel half a percent, leaving nearly every new American house exposed to the same lumber market.
The mapping platform’s new tool assembles public records and licensed data for an address, then uses AI to explain what matters and map it. The announcement does not say how the answers are tested.
Seven months after hiring him as president, mortgage servicing software firm Sagent has made Sridhar Sharma chief executive and named former Fannie Mae executive Andrew Bon Salle chairman of its board.
Data Center Watch counted at least 45 U.S. data center projects worth nearly $68 billion blocked or delayed between April and June, keeping 2026 far ahead of last year’s pace even after state legislative sessions ended.
KB Home reports Tuesday, August new home sales land Thursday and Freddie Mac’s survey delivers the first full rate read after the Fed’s hike. What to watch the week of Sept. 21.
The Fed raised rates for the first time since 2023, mortgage rates jumped to 6.95%, builder confidence hit a one-year low and Lennar cut its delivery target. What changed for housing this week.
Newmark said on Sept. 18 that it arranged Ares financing for Related Ross’s purchase of the 124-acre Boca Raton Innovation Campus, the former IBM research site where the first IBM PC was developed.
Gov. Joe Lombardo’s Executive Order 2026-005 bars data center abatement applications from reaching Nevada’s economic development board unless developers pay the Local School Support Tax in full and sign a binding water, ratepayer and grid commitment.
RREEF Property Trust’s board unanimously approved a plan of complete liquidation on Sept. 15, suspending share sales, redemptions and reinvestment, and will sell seven properties in five states.
The Supreme Judicial Court unanimously rejected Marshfield’s appeal on Sept. 18, upholding the MBTA Communities Act for a second time and clearing the last major legal question over multifamily zoning in 177 Massachusetts communities.
Six months after its IPO, Janus Living amended its Bank of America-led credit agreement, raising the revolver from $500 million to $1.25 billion and retiring a $100 million term loan.
Glass Lewis joined ISS in telling Better Home & Finance shareholders to revoke consent, while Egan-Jones backed founder Vishal Garg’s campaign to remove a board majority.
The Denver developer behind the Abilene, Texas, AI campus closed an initial $3.9 billion Series F and added Digital Realty’s former chief executive to its board.
Sellers gave buyers concessions in 44.7% of U.S. home sales in August, the highest August share in Redfin’s records, with roughly seven in 10 Atlanta, Charlotte and Phoenix deals including one.
A BOMA International study released Sept. 16 puts the annual economic output of operating U.S. commercial buildings at $609.9 billion, supporting 3.9 million jobs. It also finds data centers made up nearly 46% of private office construction in 2025, up from under 5% a decade ago.
Closed single-family sales in Florida fell about 1.5% in August and a 12-month run of pending-sales gains ended. Listings kept shrinking anyway, down 13% for single-family homes, and the statewide median price rose for a sixth straight month.
The Federal Open Market Committee voted 12-0 on Sept. 16 to raise the federal funds rate a quarter point to 3.75%-4.00%, the first increase since July 2023. New projections lifted the 2027 rate path by half a percentage point, and banks moved prime to 7.00% within the hour.
Gov. Gavin Newsom signed four bills in Altadena, Calif., creating the first state standards for wildfire smoke-damage claims, doubling mortgage forbearance for Los Angeles fire survivors to 24 months and making disaster forbearance automatic.
Harrison Street and The Michaels Organization will build and operate Presidio Terrace Apartments, a $230 million, 321-unit, 700-bed project on the University of San Diego campus, in what the university calls its first public-private partnership.
Judge John J. Tharp Jr. denied Zillow’s preliminary injunction against Midwest Real Estate Data and Compass, dissolved the restraining order protecting its Chicago listing feeds, and compelled arbitration under the MLS Grid license.
The NAHB/Wells Fargo Housing Market Index fell three points to 32 in September, its lowest reading since September 2025, as 38% of builders cut prices and 66% turned to sales incentives.
A group of competing real estate companies and trade groups launched Let America Build on Sept. 15, a national awareness campaign aimed at local zoning, permitting and land-use rules. No budget was disclosed.
Bilt bought Livly’s property operations platform and signed a separate deal to run resident experience across Collective Residential’s communities. Terms were not disclosed.
Associated Builders and Contractors said its Construction Backlog Indicator rose half a month to 8.5 months in August. Chief economist Anirban Basu said roughly one in six members is now under contract on a data center, the highest share on record.
The Federal Open Market Committee opened a two-day meeting Sept. 15 with markets pricing a rate increase at better than 90% odds. The 10-year Treasury has already closed at 4.97%, its highest of 2026, and the 30-year mortgage rate is at 6.76%.
NAHB’s analysis of federal survey data shows 1.37 million women worked in construction in 2025, the highest share since at least 2004 – concentrated in office roles, not the crafts where builders have 326,000 openings.
Redfin’s analysis of Census microdata shows San Antonio led Gen Z net migration in 2024 and Houston led millennials, while New York and Los Angeles lost the most from both generations.
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