RealEstateRama Housing & Development
Providing more evidence of a strengthening economy, Associated Builders and Contractors’ (ABC) Construction Backlog Indicator (CBI) set a record as it expanded to 9.45 months during the third quarter of 2017, up 9.8 percent from the second quarter to the longest backlog reading in the eight-year history of the series. CBI is up by 0.8 months, or 9.2 percent, on a year-over-year basis.
The National Institute of Building Sciences Off-Site Construction Council (OSCC) is conducting a new survey to gain an understanding of how the U.S. building industry has changed its use of off-site construction methods in the past three years.
The House Financial Services Committee will vote next week on a bill – introduced by Congressman French Hill (R-AR) – that includes a provision to hold hostage the national Housing Trust Fund, a program that helps America’s lowest income seniors, people with disabilities, families with children, and veterans afford to keep a roof over their heads, until Congress passes legislation to reform Fannie Mae and Freddie Mac. While NLIHC looks forward to working with Congress to enact bipartisan housing finance reform legislation that ensures housing access and affordability for American families, it strongly opposes using critically needed housing resources for struggling families as a bargaining chip
U.S. Attorney James P. Kennedy, Jr. announced today that Stephanie W. Cowart, 58, of Grand Island, NY, pleaded guilty to theft concerning programs receiving federal funds before U.S. District Judge Richard J. Arcara. The charge carries a maximum penalty of 10 years in prison and a $250,000 fine. In addition, Cowart’s son and daughter in-law, Allen, 31, and Fredia, 28, both of Niagara Falls, NY, pleaded guilty to a misdemeanor charge of theft of government funds which carries a maximum penalty of one year in prison and a $100,000 fine.
The U.S. Environmental Protection Agency has awarded approximately $10.6 million in clean water infrastructure and $14.3 million in drinking water state revolving loan funding (SRF) to the state of Colorado to support key water infrastructure projects, including new and upgraded wastewater and drinking water plants to ensure clean drinking and surface water, better serve residents, increase efficiency and reduce pollution
The majority of commercial and industrial contractors are confident about sales growth, profits and staffing levels heading into 2018, according to the latest Associated Builders and Contractors (ABC) Construction Confidence Index (CCI). Despite rising construction labor and materials costs, 55 percent of contractors expect their profit margins to expand in the first half of 2018.
More than 2,000 community development professionals are expected to attend NeighborWorks Training Institute; inject...
An estimated $4.2 million boost is coming to the Washington, DC economy when more than 2,000 community-development professionals from around the country convene in the city for the NeighborWorks Training Institute Dec. 11-15.
The Housing and Insurance Subcommittee held a hearing today to continue assessing views and perspectives on comprehensive housing finance reform. “Today was an important step towards reforming our housing finance system, credit enhancement, and credit risk transfers,” said Subcommittee Chairman Sean Duffy (R-WI).
Wilson, a global real estate investment and services firm, announced today that it has represented the landlord in one of the largest restaurant leases in Downtown Los Angeles this year, bringing the ground-floor retail space at mixed-use development 1000 Grand by Windsor to 100 percent occupancy.
EPA Continues to Collect Hazardous Household Materials in the U.S. Virgin Islands; Announces Upcoming...
The U.S Environmental Protection Agency is working with local governments and residents in St. Croix, St. Thomas, St. John, and Water Island, U.S. Virgin Islands to keep hazardous materials out of the environment and minimize the amount of waste going to landfills through household hazardous waste collection events
Today in Washington, President Trump’s top trade adviser held a public hearing on the Section 201 solar trade case. The Solar Energy Industries Association (SEIA), solar companies, utilities and many others showed the Office of the U.S. Trade Representative (USTR) and the Trade Policy Staff Committee that tariffs on solar imports would deal a deep, self-inflicted wound to the American economy and help two foreign-based companies and their hedge fund investors.
Homelessness crept up in the U.S., especially among individuals with long-term disabling conditions according to the latest national estimate by the U.S. Department of Housing and Urban Development (HUD). HUD’s 2017 Annual Homeless Assessment Report to Congress found that 553,742 persons experienced homelessness on a single night in 2017, an increase of .7 percent since last year.
U.S. Department of Housing and Urban Development Deputy Secretary, Pamela Hughes Patenaude will visit Puerto Rico this week to get a closer look at the island’s recovery from Hurricane Maria. Patenaude will be joined by members of HUD’s Disaster Recovery and Long-Term Housing Team.
SENATE TAX REFORM MEASURE HAS IMPROVED SUBSTANTIALLY BUT LACK OF INFRASTRUCTURE INVESTMENTS, TEMPORARY NATURE...
The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement today in connection with the proposed Senate tax reform measure
U.S. Secretary of the Interior Ryan Zinke announced a $227 million project to rehabilitate Arlington Memorial Bridge, a historic and critical transportation link in the nation’s capital. As awarded, the project will save American taxpayers $35 million and 1.5 years of estimated construction time