Commodity price volatility – driven by slow demand and tariff fallout – has sharply increased the cost of building materials. The single most significant factor driving Q4 2025 commodity prices was aggressive tariff implementation: Steel: 50% tariffs (implemented June 2025) Aluminum: 50% tariffs (implemented June 2025) Copper: 50% tariffs on products/components (August 2025) Lumber: 35.2%…
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Chief strategy officer Kevin Ryan says Pennymac’s proposed acquisition of Cenlar does not follow the same rationale as recent acquisitions in the mortgage industry. “This deal is not a backdoor way to grow our origination business,” Ryan said in an exclusive interview with HousingWire. “We set a strategic plan two years ago when we said…
The Real Estate One Family of Companies has entered into a partnership with the Welch Real Estate Team — expanding its presence in southeast Michigan and northwest Ohio. Founded in 2021, the Welch Real Estate Team includes more than 40 real estate professionals who provide residential brokerage services across the region, assisting with home purchases…
Freddie Mac on Thursday reported full-year 2025 net income of $10.7 billion, down 10% from 2024, on revenues of $23.3 billion, a 3% year-over-year decrease. The company’s provision for credit losses rose to $1.3 billion for the year, compared with $476 million in 2024. Net interest income for full-year 2025 rose 8% from a year…