The White House

President Donald J. Trump Announces Intent to Nominate Leonard Wolfson to the Department of...

If confirmed, Leonard Wolfson of Connecticut will serve as Assistant Secretary of Housing and Urban Development. Mr. Wolfson has served as Associate Vice President of Legislative Affairs for the Mortgage Bankers Association, where he helped the real estate finance industry recover from the financial crisis by advocating for a return to safe and sustainable lending.
HUD AND CENSUS BUREAU REPORT

HUD AND CENSUS BUREAU REPORT RESIDENTIAL CONSTRUCTION ACTIVITY IN AUGUST 2017

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for September 2017. Building Permits: Privately owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,215,000.
NAR

Existing-Home Sales Inch 0.7 Percent Higher in September

After three straight monthly declines, existing-home sales slightly reversed course in September, but ongoing supply shortages and recent hurricanes muted overall activity and caused sales to fall back on an annual basis, according to the National Association of Realtors®
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 3.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 13, 2017. This week's results included an adjustment for the Columbus Day holiday.
The Laguna

Meridian Buys Medical Office Building in Laguna Hills, Calif.

Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of The Laguna, a 57,057-square-foot medical office building in Orange County, California. This acquisition expands Meridian’s footprint in Southern California coming on the heels of last year’s purchase of Cotton Medical Center, a 115,000-square-foot, $49 million medical office complex in Pasadena, California, adjacent to the recently completed Shriners Hospitals for Children and near the Huntington Memorial Hospital.

Enhancements to Green Lease Leaders Raise the Building Efficiency Bar

Green Lease Leaders introduces new recognition criteria, website, and helpful resources to better shine a spotlight on innovative landlords and tenants who incorporate efficiency and sustainability into their leases and corporate best practices.
Circle K_Phoenix_sm

Hanley Investment Group Negotiates Sale of Single-Tenant Circle K in Phoenix

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Jeremy McChesney has completed the sale of a single-tenant net-leased retail property occupied by Circle K at 5850 W. Indian School Road in Phoenix, Arizona. The purchase price was $1,300,000, which represented a cap rate of 4.62 percent, the lowest recorded closing cap for a Circle K in the U.S. in 2017, according to CoStar.
NAHB

Hurricanes Push Down Housing Production in September

 Nationwide housing starts fell 4.7 percent in September to a seasonally adjusted annual rate of 1.13 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Nationwide single-family production fell 4.6 percent to 829,000 units due to a 15.3 percent decline in the hurricane-ravaged South. All other regions posted gains in the single-family sector, and nationwide single-family permits increased 2.4 percent
Monrovia Landing_2

Warner Pacific Properties Announces Grand Opening of T.J.Maxx/HomeGoods Combo Store at Monrovia Landing

Warner Pacific Properties, a real estate investment and development company, announced today the opening of a new T.J.Maxx/HomeGoods combo store at the newly repositioned Monrovia Landing at 735 and 737 E. Huntington Drive (Historic Route 66) and S. Shamrock Avenue, in the City of Monrovia, California. The new store will celebrate its grand opening on Sunday, October 22nd, at 8:00 a.m.
NAR

70 Percent of Realtors® Self-Initiated Real Estate Career, Identify People Skills as Most Important

The majority of Realtors® self-initiated their career in real estate and identify strong people skills as the most important trait to be a successful agent, according to the National Association of Realtors® new research report, Choosing a Career in Real Estate: A Perspective on Gender, Race and Ethnicity
Cricket Wireless Perryville MO

The Boulder Group Arranges Sale of Net Lease Cricket Wireless Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease Cricket Wireless property located at 1705 Alma Avenue in Perryville, Missouri for $610,000.
Appraisal Institute

Don’t Like Your Home’s Appraisal? Here’s What You Can Do

If consumers are unhappy with the appraisal of a home they’re buying or selling, they have options available to them, the president of the nation’s largest professional association of real estate appraisers said today.
USGBC

GBCI Announces 2017 LEED Fellows

Green Business Certification, Inc. (GBCI) has announced its 2017 class of LEED Fellows, an annual recognition of outstanding LEED professionals. This year’s 23 LEED Fellows exemplify a diverse array of achievements and contributions to the green building community and LEED, which stands for Leadership in Energy and Environmental Design, the world’s most widely used green building rating system.
NACWA

NACWA, White House Officials Discuss Infrastructure Package

NACWA held a private meeting with senior White House officials on October 12 to discuss the contours of the Administration’s planned infrastructure package, including opportunities for public clean water utilities.  This followed a broader water sector meeting, hosted by the White House on October 10, in which a number of NACWA utility members participated.
NAHB

Builder Confidence Rises Four Points in October

Builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest reading since May.
Habitat

Habitat for Humanity to aid more than 6,000 families in Texas, Florida and Puerto...

Habitat for Humanity is commencing the long-term phase of its Habitat Hammers Backhurricane recovery initiative, pledging to help more than 6,000 families across regions impacted by hurricanes Harvey, Irma and Maria.
BOMA

BOMA INTERNATIONAL RELEASES NEW OFFICE MEASUREMENT STANDARD

The Building Owners and Managers Association (BOMA) International has released the latest update to its floor measurement standard for office buildings, BOMA 2017 For Office Buildings: Standard Methods of Measurement (ANSI/BOMA Z65.1—2017). This updated publication is designed to reflect changes within the commercial real estate industry since the release of the prior edition of the standard in 2010.
NeighborWorks America

NeighborWorks America trains community leaders and honors local heroes

On Oct. 13, NeighborWorks America presented six individuals with its annual Dorothy Richardson Award for Resident Leadership. The award recognizes outstanding contributions by community leaders. The recognition occurred during the NeighborWorks Community Leadership Institute, which strengthens the skills of residents and provides seed grants to help them execute action plans when they return home.
NLIHC

New Report Shows That the Mortgage Interest Deduction is One of the Drivers of...

The National Low Income Housing Coalition (NLIHC) and the Institute on Assets and Social Policy (IASP) at Brandeis University’s Heller School released today a report, “Misdirected Investments: How the Mortgage Interest Deduction Drives Inequality and the Racial Wealth Gap.” The report shows that while African Americans and Hispanics each account for 13% of the nation’s households, they receive only 6% and 7% of the tax benefits from the mortgage interest deduction (MID). White households receive nearly 78% of the deduction’s benefits.
ABC National

ABC CEO Mike Bellaman Appointed to Task Force on Apprenticeship Expansion for all Americans

Michael D. Bellaman, president and CEO of Associated Builders and Contractors (ABC), has been appointed by U.S. Department of Labor Secretary R. Alexander Acosta  to the Task Force on Apprenticeship Expansion, created by President Trump’s June 15 Executive Order 13801.

DHS And Partners Convene First Election Infrastructure Coordinating Council

The Department of Homeland Security (DHS) joined the Election Assistance Commission (EAC), the National Association of Secretaries of State (NASS), and state and local election officials from around the country today to convene the first Government Coordinating Council (GCC) for the Election Infrastructure Subsector. Today’s meeting is part of the department’s ongoing work with state and local officials as we build trusted relationships to help keep the nation’s election systems secure.
Natural Resources

Onshore Energy Bill Draws Praise as Subcommitte Continues Broad Overhaul of Federal Lands Energy...

The Subcommittee on Energy and Mineral Resources heard testimony on a discussion draft of the “Opportunities for the Nation and States to Harness Onshore Resources Act” or “ONSHORE Act.” The bill allows states with established regulatory programs to seek primacy for the implementation of federal permitting responsibilities for oil and gas development on federal lands
NAHB

NAHB Announces Finalists for Apartment and Condo Awards

Adaptive reuse, plentiful amenities and sustainable and green building practices were some of the trademarks found in this year’s finalists for the 2017 Multifamily Pillars of the Industry Awards, which honor superior achievement in apartment and condominium development, design, marketing and management and are sponsored by the National Association of Home Builders (NAHB).
Natural Resources

Panel: Bipartisan Bills Enhance ESA Protections, Boost Hydropower Reliability

The Subcommittee on Water, Power and Oceans held a legislative hearing on H.R. 3144 (Rep. Cathy McMorris Rodgers, R-WA) and H.R. 3916 (Rep. Ken Calvert, R-CA), the “Federally Integrated Species Health Act” or “FISH Act,” bills to improve the recovery of Endangered Species Act (ESA) listed fish while providing certainty for water and power users.
NAHB

Statement from NAHB First Vice Chairman Randy Noel on President Trump’s Executive Order on...

Randy Noel, first vice chairman of the National Association of Home Builders (NAHB) and a home builder and developer from LaPlace, La., attended today’s White House signing ceremony and issued the following statement regarding President Trump’s executive order on health care
Congresswoman Eleanor Holmes Norton

Norton Pushes for Federal Financial Incentives for Localities like D.C. that Use Local Dollars...

Congresswoman Eleanor Holmes Norton (D-DC), ranking member of the House Highways and Transit Subcommittee, yesterday at a subcommittee hearing on building a 21st century infrastructure asked key stakeholders about increasing incentives for state and local governments, such as the District of Columbia, that move ahead on infrastructure projects without always waiting for full federal transportation and infrastructure funding.
Ginnie Mae

VA, Ginnie Mae Create Task Force to Address Mortgage Refinancing Issues

The Government National Mortgage Association (Ginnie Mae) and the Department of Veterans Affairs (VA) announce the formation of the “Joint Ginnie Mae – VA Refinance Loan Task Force.”
Ginnie Mae

Ginnie Mae Issues Guidance for Disaster Pass-Through Assistance and Delinquency Ratio Exemptions for Qualifying...

Ginnie Mae issued an All Participants Memorandum (APM) – APM 17-04 to Single-Family Issuers providing updates and further guidance on the availability of optional, special assistance for Hurricanes Harvey, Irma or Maria including associated eligibility requirements and the application process.
NeighborWorks America

NeighborWorks lending efforts get boost from more than $18 million in CDFI funds

Twenty-five NeighborWorks organizations around the country have received more than $18 million as part of grants from the U.S. Department of the Treasury’s Community Development Financial Institution (CDFI) program. Combined with grants from the Neighborhood Reinvestment Corp. (dba NeighborWorks America), local governments, foundations and the private sector, the funds will allow these small- and medium-sized nonprofit businesses to continue to provide affordable loan products and services to low- and moderate-income borrowers.
MBA

September New Home Purchase Mortgage Applications Decreased 7.5 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for September 2017 shows mortgage applications for new home purchases decreased 7.5 percent compared to September 2016. Compared to August 2017, applications decreased by 20 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.

Editors’ Picks

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.

Popular Government & Nonprofit Press Releases

NAR

70 Percent of Realtors® Self-Initiated Real Estate Career, Identify People Skills...

The majority of Realtors® self-initiated their career in real estate and identify strong people skills as the most important trait to be a successful agent, according to the National Association of Realtors® new research report, Choosing a Career in Real Estate: A Perspective on Gender, Race and Ethnicity

Recent Government & Nonprofit Press Releases

The White House

President Donald J. Trump Announces Intent to Nominate Leonard Wolfson to...

If confirmed, Leonard Wolfson of Connecticut will serve as Assistant Secretary of Housing and Urban Development. Mr. Wolfson has served as Associate Vice President of Legislative Affairs for the Mortgage Bankers Association, where he helped the real estate finance industry recover from the financial crisis by advocating for a return to safe and sustainable lending.