US Housing & Housing Finance: How long will this boom last?
Record-low mortgage rates and effects of the coronavirus pandemic have boosted home sales, prices and home-loan refinancings. However, weak employment trends will lower residential mortgage asset quality as forbearance measures lapse.
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  • PODCAST
    16 Dec 2020|Moody's Investors Service
    Barbara Rismondo of the Structured Finance team, Warren Kornfeld of the Banking team, Florence Zeman of the Public Finance team and Natalia Gluschuk of the Corporates team discuss the 2021 outlook for sectors exposed to the US and European housing markets. US nonbank mortgage lenders and homebuilders will report good profitability owing to government stimulus, while US housing finance agencies and European and US residential mortgage-backed securitizations will experience moderately higher delinquencies amid higher unemployment.​

    OUTLOOK
    07 Dec 2020|Moody's Investors Service
    Industry responses to COVID-19 will support strong credit quality for new RMBS in 2021, while performance weakens for existing transactions.
    OUTLOOK
    09 Dec 2020|Moody's Investors Service
    The outlook for state housing finance agencies (HFAs) remains stable as increased loan sales on the secondary market will preserve fiscal year 2021 margins.

    10 Dec 2020|Moody's Investors Service
     Numerous areas of possible policy focuses in the upcoming Biden administration have the potential to drive credit conditions for issuers involved in US housing and housing finance.
    Latest on US Homebuilding
    OUTLOOK
    09 Dec 2020|Moody's Investors Service
     Strong home demand and a low supply boost US homebuilders. Building materials companies also benefit, but would do better should Congress pass infrastructure spending legislation.
    OUTLOOK
    07 Dec 2020|Moody's Investors Service
    Persistently strong demand and a very low supply of homes prompted us to change our Homebuilding sector outlook to positive from stable.
    Visit our Homebuilding page for a complete view on the sector, including the latest research, industry outlooks, rating activity and more.

    SECTOR IN-DEPTH
    19 Aug 2020|Moody's Investors Service
    Housing markets in major US cities will slowly recuperate after the turbulence caused by the coronavirus as office reopenings and business recoveries help reverse some pandemic-related effects, including urban residents leaving for the suburbs because of health concerns.

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    SECTOR IN-DEPTH
    15 Jun 2020|Moody's Corporation
    The severe disruptions and economic contraction sparked by the coronavirus outbreak will have far-reaching implications for the US housing market and housing-related issuers.
    Podcast
    09 Jun 2020|Moody's Investors Service
    James Eck, Bob Garofalo and Danielle Reed of the Insurance team discuss immediate and longer-term effects on US mortgage insurers of the coronavirus-driven economic shock.