Construction spending slides 1.9% as mortgage rates weigh on homes
Educational
BREAKING — Mortgage Professional America reports that construction spending fell 1.9%, with September's residential decline pointing to broader pressure across the housing sector. Elevated mortgage rates are now suppressing both renovation activity and new-home construction, tightening the pipeline that brokers depend on for volume. The pullback is not confined to one segment; it spans homeowners putting off upgrades and builders scaling back ground-up projects as financing costs erode project feasibility.
For brokers navigating this environment, the strain on conventional volume creates a different kind of opportunity in investor-driven financing. loantrust.ai operates in this space with programs designed for situations where standard documentation or personal income verification no longer fits the deal. A single licensed MLO packages each file directly, with no call center layer, across DSCR loans that qualify on property cash flow, bank-statement programs for self-employed borrowers, and bridge, fix-and-flip, new-construction, and multifamily products for investors. The structure is built for files that need strategy rather than conveyor-belt processing.
This matters now because the same rate pressure cooling owner-occupied purchase and renovation demand is pushing experienced borrowers toward alternative acquisition and repositioning plays. loantrust.ai functions as a dedicated partner in that shift, not a transactional endpoint, with an originator who carries the file from first review to submission. In a market where construction spending is contracting and broker pipelines are thinning, that direct accountability and program breadth is the difference between a declined scenario and a funded one.
Source: Mortgage Professional America, “Construction spending slides 1.9% as mortgage rates weigh on homes”. Read the original →
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Hans Michel, Mortgage Loan Originator, NMLS #2857209 · LoanTrust is a dba of RentAssure Inc. · Licensed in Georgia · NMLSConsumerAccess.org · Equal Housing Opportunity. Nothing on this site is a commitment to lend — all loans subject to underwriting and approval. DSCR, fix & flip, bridge, new construction, multifamily, and bank-statement programs are business-purpose loans for investment properties only.