The slowdown in premium increases comes as insurers focused on restoring profitability after a period of high inflation, rising construction costs, expensive reinsurance and record catastrophe losses.
Homebuilders reported a slight decline in incentive use in the second quarter, but still project incentives to remain elevated compared to historical average for the foreseeable future.
Any impact from the landmark 21st Century ROAD to Housing Act could take years, with the Republicans proudly touting that the law doesn’t include any new funding.
The FHFA director told homebuilders that Fannie Mae and Freddie Mac probably won’t play a big role in construction finance, but the Federal Home Loan Banks may expand their participation in the sector.
Despite ending his long hiatus on GSE talk, Trump fails to persuade skeptics that he’s ready to take Fannie and Freddie out of conservatorship anytime soon.