The Housing News Podcast is a weekly wrap of the top news stories by HousingWire CEO Clayton Collins.

Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners atArch MI.

This week, David Battany, the executive vice president of capital markets at Guild Mortgage, discuss the housing markets lack of significant inventory as well as the nations budding market for manufactured homes. Additionally, Battany explains what the industry needs to do to get more first-time homebuyers into homes.

Heres more detail on the topics of discussion this week:

This months Housing Market Index indicates homebuilder confidence fell 1 point to 70 points, according to theNational Association of Home BuildersandWells Fargo. Despite Novembers decline, the index shows the reading marks the second-highest level in 2019. That being said, Robert Dietz, the organizations chief economist, claims affordability woes continue to weaken potential growth.

As a lack of housing supply continues to be a top industry concern, many companies are looking for a solution to combat construction challenges. Guild Mortgage, which recently began leveraging Fannie Maes MH Advantage program, claims manufactured housing, or specially designated MH homes are the solution.

Home prices are rising with no signs of slowing, and affordability is getting worse each month, causing potential homebuyers to turn to family or even friends to come up with a down payment. The National Association of Realtors revealed that more than 30% of first-time homebuyers used down payment help from family and friends.

And here are links to the topics discussed:

1) U.S. homebuilder confidence weakens in Novemberhttps://www.housingwire.com/articles/u-s-homebuilder-confidence-weakens-in-november/

2)Guild Mortgage Announces MH Advantage, New Mortgage Program for Manufactured Homeshttps://www.guildmortgage.com/press-release/guild-mortgage-announces-mh-advantage-new-mortgage-program-manufactured-homes/

3) More first-time homebuyers enlisting help from family, friendshttps://www.housingwire.com/articles/more-first-time-homebuyers-enlisting-help-from-family-friends/

More here:

Housing News Podcast: Guild Mortgage's David Battany takes on the nation's homebuilding woes - HousingWire

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November 25, 2019 at 5:17 pm by Mr HomeBuilder
Category: Manufactured Homes