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The MReport Webcast: Wednesday 5/25/2016

New single-family home sales did something remarkable this month. Sales in this sector rose significantly month-over-month and year-over-year to reach the highest level since 2008 despite falling inventory levels.

 

U.S. Census Bureau and HUD estimates found that new single-family home sales in April 2016 were at a seasonally adjusted annual rate of 619 thousand a 16 point 6 percent increased from March's rate of 531 thousand and up 23 point 8 percent from last April's estimate of 500 thousand.

 

For Melvin L. Watt, Director of the Federal Housing Finance Agency, diversity and inclusion in the mortgage and lending arena is a business imperative that goes far beyond political correctness and statutory obligations outlined in the Housing and Economic Recovery Act of 2008. In his talk at the Federal Home Loan Bank Directors' Conference Watt called for greater attention to diversity and inclusion of women and minorities at the federal loan level and outlined the FHFA’s quote roadmap to help drive integration of diversity and inclusion in a systematic way close quote.

About Author: Seth Welborn

Seth Welborn is a Harding University graduate with a degree in English and a minor in writing. He is a contributing writer for MReport. An East Texas Native, he has studied abroad in Athens, Greece and works part-time as a photographer.
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