modular construction

  • Mortgage rates average 6.76%

    Mortgage rates average 6.76%

    The 30-year fixed-rate mortgage (FRM) averaged 6.76%, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). Freddie Mac released the…

    by

    Taylor Moore

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Latest News

  • Mortgage applications decline in August

    Mortgage applications decline in August

    Mortgage application activity continued to decline in August, as shown in the Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume. The MBA declined 3.2% month-over-month in August on a seasonally adjusted basis, marking the sixth consecutive monthly decline. Compared to a year ago, total mortgage applications declined 9.1%.

    Applications for adjustable-rate mortgages (ARMs) and fixed-rate mortgages (FRMs) decreased 0.6% and 3.4% month-over-month, respectively. Compared with a year earlier, ARM application volume fell 18.2%, while FRM applications declined 8.2%.

    Average loan sizes also declined across all categories last month, with the overall loan size decreasing 2.3% to $375,300.

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  • A tale of two cities and their housing markets

    A tale of two cities and their housing markets

    According to a new analysis from Redfin, San Francisco and Seattle are two of the nation’s leading technology hubs. However, the cities are currently at opposite ends of the housing market. San Francisco’s housing market continues to boom, while Seattle’s is beginning to cool.

    San Francisco’s median home-sale price jumped 6% year over year in July 2026 to $1.6 million, making it the priciest metro area in the United States. Meanwhile, Seattle’s median sale price declined 4% to $809,000, approximately half the price of San Francisco’s typical home. Seattle’s home price decline was the second-biggest among the 50 most populous U.S. metros.

    The two cities tell a very different story in their home sales. In San Francisco, home sales rose 9% from 2025, the second-biggest uptick in the country. In Seattle, home sales fell 9%, the fifth-biggest decline in the nation.

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  • Trumark Homes expands presence in Washington

    Trumark Homes expands presence in Washington

    Trumark Homes announced its first land acquisition in Poulsbo, Washington, for Sandstone Ridge, a new 87-home community.

    This comes after the company acquired Washington-based homebuilder JK Monarch in March.

    Trumark Homes also announced its plans to transition ten active communities from JK Monarch’s name under the Trumark Homes brand.  This Washington Division joined the existing teams in Northern, Central and Southern California and Colorado.

    “The vision since day one was for Trumark Homes to be a Top 5 homebuilder in the Pacific Northwest, and the announcement of Sandstone Ridge is an important step towards that goal,” said Corey Watson, Washington Division President at Trumark Homes. “With enhanced capital and operational resources behind us, we can scale up quickly and pursue growth opportunities. We are well-positioned for an active Q4 2026 and beyond.”

    Project development of the new community is in motion, with home sales expected in spring 2027.

    Homes in the Sandstone community plan to range from 2,542 square feet to 3,087 square feet, with up to five bedrooms, three-and-a-half bathrooms and two-car garages.

    “The greater Seattle market has been a target for expansion since we entered the market in Q1, and with the experience of this team and the investment of financial and operational resources, we are beginning to execute on our strategic land plan,” said Steve Kalmbach, Chief Operating Officer at Trumark Homes. “We are actively engaged in conversations with landowners across the region and see a clear runway for sustained growth.”

    Photos courtesy of Trumark Homes

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  • Select markets see stronger housing growth

    Select markets see stronger housing growth

    According to the September 2026 U.S. Home Price Insights report from Cotality, national home price growth remained modest, rising 1.4% year over year. Mortgage rates continue to impact the housing market, as July experienced a cooldown.

    However, as Cotality’s Chief Economist Dr. Selma Hepp points out, beneath the headline numbers, momentum is shifting meaningfully. Select markets experiencing sharper price slowdowns have seen stronger growth in active inventory.

    “As we move through the remainder of the year, local labor market dynamics and affordability constraints will continue to shape housing market performance as much as broader macroeconomic shifts, especially the direction of mortgage rates,” said Hepp.

    Hepp said that several high-cost coastal markets, which previously posted strong yearly gains, are now showing near-term weakness. San Francisco was up 7.0% year over year, but prices fell 1.4% month over month.

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