NAHB

Statement from NAHB Chairman Randy Noel on Signing Banking Bill into Law

Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued the following statement after President Trump signed the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) into law.
MBA

MISMO® to Create eNote Validation Decision Model

MISMO, the mortgage industry's standards organization, is inviting mortgage industry participants to join its new practice community which is developing a decision model to validate eNotes, which are a key component for digital mortgages.
AGC

CONSTRUCTION GROUP USES MOBILE TECHNOLOGY TO MAKE HIGHWAY WORK ZONES SAFER AS MOST ROAD...

Fifty-four percent of highway contractors reported that motor vehicles had crashed into their construction work zones during the past year, according to the results of a new highway work zone study conducted by the Associated General Contractors of America. In response, association officials have launched a new mobile advertising campaign urging drivers who routinely pass through certain work zones to slow down and be alert
NIBS

Institute Calls for Abstracts to Present at Building Innovation 2019

The National Institute of Building Sciences is gearing up to deliver the seventh iteration of the industry’s only all-inclusive Conference where members of the entire building community come together to connect, collaborate and create solutions that benefit the built environment.
NAHB

Multifamily Builders and Developers Remain Positive about the Apartment and Condo Market as Demand...

Confidence in the multifamily housing market remained positive in the first quarter of 2018, according to the Multifamily Production Index (MPI) and the Multifamily Vacancy Index (MVI) released today by the National Association of Home Builders (NAHB). The MPI remained unchanged from last quarter, coming in at a reading of 53, while the MVI remained essentially unchanged at 42.
NAHB

April New Home Sales Inch Down 1.5 Percent, Stay Close to Post-Recession High

Sales of newly built, single-family homes edged down 1.5 percent in April to a seasonally adjusted annual rate of 662,000 units after a downwardly revised March report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau
NAHB

NAHB Commends Confirmation of Brian Montgomery as FHA Commissioner

Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued the following statement regarding the Senate confirmation of Brian Montgomery to run the Federal Housing Administration (FHA)
Financial Services Committee

Committee Advances Three Bills

This week, the Financial Services Committee approved three bills, bringing the total number of bills reported out of the Committee this Congress to 102. “These three important measures support the Committee’s continued efforts to increase housing mobility for low-income families
Congresswoman Eleanor Holmes Norton

Norton Protects DCTAG Funding in House D.C. Appropriations Bill, Believes She Can Remove Most...

Congresswoman Eleanor Holmes Norton (D-DC) today said that she protected $30 million for the District of Columbia Tuition Assistance Grant Program (DCTAG) in the House’s draft fiscal year (FY) 2019 District of Columbia Appropriations bill, released today, even after President Trump zeroed out funding for DCTAG in his FY 19 budget.

What Realtors Should Look for in a Septic System

When a realtor lists a home, or goes to preview a house with a client, it is important to understand the telltale signs of trouble with certain systems of the home, including potential major mechanical and structural issues: this certainly includes potential septic problems. Septic systems that are functioning well will show no signs to worry about. However, a poorly functioning septic system will show some definitive signs of concern that realtors should be aware of. When a septic system starts to show signs of trouble, it is usually evident after the basic septic tank is full, but in some homes septic problems can be hidden until the system is at capacity. This is especially true if the system was just recently pumped. The good news, is there are several telltale signs the system is at risk of failing even if the system was recently pumped. Warning Signs In a system that is failing or is overburdened, there is usually a scent of septic gasses that can permeate the home. This also may be more noticeable outside the home if the tank or leach field is far removed from the home. Realtors should always ask homeowners where the field is located and be sure to go out and assess the soil around the tank. Septic systems that are beginning to go faulty will usually have very soft and saturated soil in the yard area where the septic tank and leach field are located. While the heavy rain season can make this more difficult to observe, soggy soil with a septic smell is usually more indicative of a problem. Testing The good news is that any system can be readily tested for functionality to ensure it is running up to par. Over time leach fields and systems do fail and this can be a cause of great concern. That is usually the time when a new leach field and septic tank system must be installed. Depending on soil and land area the failed system may lead to the need for an engineered septic system installation. If there is any concern that the system may be failing or is need of work, realtors should always be forthcoming to both the seller and potential buyers. Getting a professional to assess the situation should occur if there are any telltale signs such as: suspicious septic odor, septic back up, slow drainage, or a soggy leach field. When questions arise regarding a septic systems condition, it is suggested that tests be run on the system to see how well it’s working. Through the use of some testing tools like a hydrostatic pressure gauge, septic professionals can have a better understanding how well the system is working. If there is a need to do any work on the system, realtors need to be sure to recommend professionals to their clients that are trustworthy and competent. Realtors who are looking for a good company to recommend for septic work should offer at least 3 to 4 companies in the septic business that are well rated for professionalism and have a good reputation for quality work.
Aerial 2sm

Groundbreaking Ceremony Marks Start of Construction on $1 Billion Alameda Mixed-Use Waterfront Development on...

The City of Alameda and its private partner, Alameda Point Partners, LLC, today celebrated the groundbreaking of the first phase of the $1 billion mixed-use, transit-oriented waterfront development at the gateway to Alameda Point, called Site A. The 68-acre Site A development is located on the site of the former Naval Air Station Alameda, which closed over 20 years ago. Alameda Point Partners (APP) is a joint venture led by Managing Partner Trammell Crow Residential (TCR)

CLYBURN ANNOUNCES $12 MILLION IN HUD GRANTS FOR SC

Congressman James E. Clyburn (SC-06) today announced the recipients of the U.S. Department of Housing and Urban Development Public Housing Capital Fund grants for Fiscal Year 2018. There are 9 institutions serving communities in South Carolina’s Sixth Congressional District receiving these awards totaling more than $12 million.
MBA

Mortgage Rates Increase, Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 18, 2018.

Erin Barry Joins MBA as Associate Vice President of Legislative Affairs

The Mortgage Bankers Association (MBA) announced today that Erin Barry has joined MBA as Associate Vice President of Legislative Affairs. In this role, she will be responsible for representing MBA's legislative and policy issues on Capitol Hill, with a primary focus on Democratic members of the U.S. Senate. She starts in her position at MBA today.
MBA

MBA Statement on House Passage of S. 2155

David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), released a statement following the passage of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. "I want to commend the House of Representatives for joining the Senate and passing this bill which will protect consumers and provide greater access to mortgage credit.

Editors’ Picks

Making Shopping for Your First Home a Fun Experience

Your First Home
Maybe you have plans to get married and need to secure your first home so you have a place to move into after your honeymoon. Other first time homebuyers have rental leases that are soon to expire. While finding the first piece of residential property that you are to own and live in

South Cove, First New For-Sale Residential Development in Dana Point to...

South Cove
International award-winning firm KTGY Architecture + Planning is pleased to announce the recent opening of the KTGY-designed residential models at South Cove in Dana Point, California. Built by San Diego-based real estate development company Zephyr, this is Dana Point’s first new for-sale residential development to open in decades. South Cove is a unique, barefoot community that exudes laid-back luxury in a highly-coveted coastal setting at the southern gateway of Dana Point.

Norton Reelected as Top Democrat on Highways and Transit Subcommittee

Congresswoman Eleanor Holmes Norton (D-DC) was elected by her fellow Democrats on the House Transportation and Infrastructure Committee to return as the Ranking Member of its Subcommittee on Highways and Transit.

Business Real Estate Press Releases

Aerial 2sm

Groundbreaking Ceremony Marks Start of Construction on $1 Billion Alameda Mixed-Use...

The City of Alameda and its private partner, Alameda Point Partners, LLC, today celebrated the groundbreaking of the first phase of the $1 billion mixed-use, transit-oriented waterfront development at the gateway to Alameda Point, called Site A. The 68-acre Site A development is located on the site of the former Naval Air Station Alameda, which closed over 20 years ago. Alameda Point Partners (APP) is a joint venture led by Managing Partner Trammell Crow Residential (TCR)

Recent Gov & Nonprofit Real Estate Press Releases

NAHB

Statement from NAHB Chairman Randy Noel on Signing Banking Bill into...

Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued the following statement after President Trump signed the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) into law.