MATERIALS COST HIKES, FLAT BUILDING PRICES “PINCH” CONTRACTORS; CONTINUED COST INCREASES THREATEN TO SINK...
December 16, 2010 - (RealEstateRama) -- Huge jumps in prices for diesel fuel and copper—two key inputs to construction—pinched contractors in November as weak demand for construction forced them to hold down bid prices despite the cost increases, according to an analysis of November producer price index figures released today by the Associated General Contractors of America. Prices for materials used in construction climbed 0.5 percent in November and 4.8 percent over the past 12 months, while price indexes for finished buildings remained flat over both time periods. The PPI for finished goods went up 0.4 percent for the month and 3.5 percent year-over-year.
Washington, DC - December 16, 2010 - (RealEstateRama) -- The U.S. Green Building Council’s (USGBC) annual Greenbuild International Conference & Expo welcomed more than 28,000 attendees this past November at its show in Chicago, Ill. Attendees representing various backgrounds, professions and 114 countries filled the exhibit hall floor, educational and speaker sessions, green building tours and networking events that made up the three day long show. The nearly 200,000 square foot expo hall floor featured over 1,800 exhibit booths representing over 1,000 exhibiting companies. Greenbuild is the industry’s largest gathering of representatives from all sectors of the green building movement
WASHINGTON, DC - December 16, 2010 - (RealEstateRama) -- A homeless-prevention program by the Department of Veterans Affairs (VA), which seeks to help Veterans and families who are on the verge of becoming homeless, has moved closer to implementation. The program marks the first time that VA will fund services for the spouses and children of Veterans at risk of becoming homeless.
WASHINGTON, D.C. - December 16, 2010 - (RealEstateRama) -- A combination of business strategy, philanthropy and unwavering commitment to each multifamily development earned the Michaels Development Company top honors as Multifamily Development Firm of the Year. The award was presented by the National Association of Homebuilders (NAHB) as part of the association's Multifamily Pillars of the Industry Awards last week
WASHINGTON, D.C. - December 16, 2010 - (RealEstateRama) -- Nationwide housing starts rose 3.9 percent in November to a seasonally adjusted annual rate of 555,000 units from an upwardly revised number in the previous month, according to newly released data from the U.S. Commerce Department. This marked the first upward movement in new-home production since August, and was entirely attributable to a nearly 7 percent gain in single-family home building.
Washington, DC - December 15, 2010 - (RealEstateRama) -- As part of the 2010-11Remodeling Cost vs. Value Report, REALTORS® recently rated exterior replacement projects among the most cost-effective home improvement projects, demonstrating that curb appeal remains one of the most important aspects of a home at resale time.
Boston, MA - December 15, 2010 - (RealEstateRama) -- The U.S. multi-housing vacancy rate is expected to remain relatively stable through 2011, ending the year at 5.8%, before falling further to 5.3% during the course of 2012, according to a new forecast from CBRE Econometric Advisors (CBRE-EA). Multi-family property demand will remain solid, continuing a trend that began when the vacancy rate peaked at 7.4% at the end of 2009.
WASHINGTON, D.C. - December 15, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 10, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 2.7 percent compared with the previous week.
McLean, VA - December 15, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it will not issue a Reference Notes® security on December 15, 2010. The company’s 2010 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securiti
December 15, 2010 - (RealEstateRama) -- "ABA, along with other financial trade associations, filed an amicus brief yesterday in opposition to applying overtime regulations to most bank employees who originate residential mortgages. The amicus was filed in the case of Henry vs. Quicken Loans in the United States District Court of Eastern Michigan. "The amicus brief argues that the new Administrator's Interpretation marked a sudden and dramatic shift in the Dept. of Labor's position that is inconsistent with the regulations that it seeks to interpret, and that the sudden and dramatic reversal of course results in an unfair surprise to employers who have reasonably relied on the Dept. of Labor's prior interpretations.
WASHINGTON, DC - December 15, 2010 - (RealEstateRama) -- Business Solutions, a subsidiary of the American Bankers Association, has entered into an exclusive two-year arrangement with U.S. Bank Home Mortgage that will provide member banks with a competitively-priced outlet for the sale of wholesale loans
December 15, 2010 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes remained unchanged in December from the previous month at 16 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today."Builders are bracing themselves for a slow holiday season as a number of factors continue to cause uncertainty among consumers and builders alike," said NAHB Chairman Bob Jones, a home builder from Bloomfield Hills, Mich. "While the HMI is adjusted for seasonal factors, the typical cold-weather slowdown in sales activity is being accentuated by ongoing weakness in the job market, the rising number of foreclosures and short-sales, and very challenging credit conditions for both builders and buyers."
VIENNA, VA - December 14, 2010 - (RealEstateRama) -- The Financial Crimes Enforcement Network (FinCEN) today released two mortgage fraud reports entitled Mortgage Loan Fraud SAR Filings, which together cover the first six months of 2010; one report covers January through March 2010, and the other covers April through June 2010.
December 14, 2010 - (RealEstateRama) -- NRMLA, last week, published independent research showing high levels of satisfaction among seniors with reverse mortgages and equally positive numbers indicating borrowers understood the transaction they were getting into and felt no pressure getting a loan.
Washington, D.C. - December 14, 2010 - (RealEstateRama) -- The American Institute of Architects (AIA) today announced it was sponsoring a Haiti reconstruction conference in early January that will bring together a host of organizations to identify and coordinate opportunities in Haiti for design assistance teams, building assessments, resources and other programs.The AIA Summit on Haiti will be held on January 13 – one day after the first anniversary of the Haitian earthquake of 2010 – at the Loew’s Hotel in New Orleans. Organizations participating in the AIA’s Haiti conference include The American Red Cross, National Urban League - Greater New Orleans, Adecco Group North America, United States Green Building Council (USGBC), Architecture for Humanity (AFH), National Organization of Minority Architects (NOMA), Public Architecture and Black Design Network News. More organizations are expected to attend.
DENVER, CO - December 14, 2010 - (RealEstateRama) -- Denver B-cycle today announced its partnership with Kentwood City Properties. In addition to branded B-cycles and annual memberships for employees, Kentwood City Properties will also have the capabilities to utilize B-cycles when showing property, a convenient option to get to downtown properties. Kentwood City Properties’ sponsorship support of Denver B-cycle arrives as the bike sharing system closes down for the winter in its inaugural season. Denver B-cycle reopens March 2011.
Commercial/Multifamily Mortgage Debt Outstanding Down 1.3 Percent on Bank and CMBS Balances in 3Q...
Washington, DC - December 14, 2010 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding decreased in the third quarter, to $3.2 trillion, according to the Mortgage Bankers Associationâ€™s (MBA) analysis of the Federal Reserve Board Flow of Funds data.
MBA Study Shows Mortgage Banker Production Profits Improved with Higher Refinancing Activity in Third...
WASHINGTON, DC - December 14, 2010 - (RealEstateRama) -- Independent mortgage banks and subsidiaries made an average profit of $1,423 on each loan they originated in the third quarter of 2010, up from $917 per loan in the second quarter of 2010, according to the Mortgage Bankers Association (MBA)â€™s 3rd Quarter 2010 Mortgage Bankers Performance Report released today.
WASHINGTON, D.C. - December 14, 2010 - (RealEstateRama) -- The New Year will ring in better times in the U.S. real estate market, according to one out of three people surveyed. The opinion poll found that the majority of respondents, however, aren’t so enthused about real estate when it comes to the calendar advancing to 2011
WASHINGTON, DC - December 14, 2010 - (RealEstateRama) -- The Federal Housing Administration’s Mortgagee Review Board (MRB) today announced that it is permanently withdrawing FHA approval of Cambridge Home Capital, LLC (CHC), a Great Neck, New York-based lender. In addition, the MRB will seek a monetary penalty of $182,000.
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, premiered a four-hour classroom seminar on developing the value
Mortgage credit availability increased in October according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA)
During its annual convention from November 8-11, the National Association of Realtors® celebrated the Good Neighbor Awards 20th year of the Good Neighbor Awards
The principals and co-founders of a North Andover mortgage short sale assistance company were charged today in connection with defrauding mortgage lenders and investors
Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $60.046 billion in October, providing financing for more than 229,000 homeowners and renters
The Center for American Progress released a new issue brief that looks at how many cities’ all-of-the-above strategies ultimately increase dependence on automobiles.
According to the Occupational Safety and Health Administration(link is external) (OSHA), falls are the leading cause of private sector worker fatalities in the construction
Associated Builders and Contractors’ Board of Directors elected Tim Keating, owner and president, R. C. Stevens Construction Co., to serve as the 2020 ABC national chair
Mercy Housing Southeast Receives Financial Support and Tax Credits for Greenville area Affordable Housing
Mercy Housing Southeast announces the award of Low-Income Tax Credits (LIHTC) for a 46-unit affordable housing community in Mauldin, SC. Championed by Bon Secours St. Francis Health
SAN FRANCISCO (November 10, 2019) – A variety of the latest and most trendy tech tools in real estate were discussed Saturday afternoon as tech savvy...
Operation HOPE today announced the appointment of Jason Schraub as Vice President and member of the senior management group, effective October 8. Schraub has served as Regional Vice President
The Financial Crimes Enforcement Network (FinCEN) today announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases of residential real estate. The purchase amount threshold remains $300,000 for each covered metropolitan area.
The National Association of Home Builders (NAHB) announced the finalists for its 2020 Best of 55+ Housing Awards, the premier design and marketing competition for the 55+ housing industry.
Associated Builders and Contractors Vice President of Health, Safety, Environment and Workforce Development Greg Sizemore spoke at a Nov. 7 Occupational Health and Safety Administration
On Monday, Texas Governor Greg Abbott ignored the voices of countless Austin residents when he ordered the displacement of homeless people living under Texas
Cybercrimes, including those involving transfer fraud and compromised records in real estate transactions, have increased over the past two years, and in 2019
MISMO®, the mortgage industry's standards organization, has issued its Taxpayer Consent Language, which permits lenders to share tax information received
The Mortgage Bankers Association (MBA) announced today the formation of two advisory councils as part of its new affordable housing initiative.
Anytime soon, the budget season is going to start again. Each association is now going to require various levels of involvement from its board for the budgeting process. Even though a professional community association manager is going to assist you especially when getting started, it is also important for the boards to see to it that that manager is able to understand the long-term vision of the community by being able to share any future plans so that the community is not going to encounter any unexpected financial conundrum.
If you've been looking for your dream home, you don't need to be told it's no easy task. Finding the right pick for you isn't just about knowing what to look for. You have to know where to look for it as well. Here are a few tips for narrowing down your options and zeroing in on the best fit for you and your family.
Ribbon Cutting Celebrating New Affordable Apartments in the Bronx for Low-Income Families and Domestic...
New Destiny was joined by supporters and colleagues to celebrate the opening of its newly constructed service-enriched affordable housing project - The Jennings - located in the Crotona Park East
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $1.5 million to nearly a dozen housing authorities to assist young people aging out
The Bureau of Land Management today announced that Karen Mouritsen has been named the new California State Director—a key leadership position based in Sacramento. As State Director, Mouritsen will direct a team that manages lands encompassing 15% of the Golden State’s total land mass
California Real Estate Developer Convicted of Making Conduit Contributions in Two U.S. Congressional Campaigns
Today, a federal jury found an Oakland-area real estate developer guilty for funneling tens of thousands of dollars through straw donors into two consecutive congressional campaigns
The New York State Office of Alcoholism and Substance Abuse Services (OASAS) today announced the opening of the new JLC Recovery and Wellness Center in New York City. JLC is operated by Exponents Inc. and provides free help and support services for people affected by addiction and for their families.
In spite of a robust U.S. economy, a strong employment rate, and steadily increasing 401(k) plan earnings, Black homeownership rates continue to drop. Drawing from the 2019 release of the National Association of Real Estate Brokers
WASHINGTON – U.S. Secretary of the Interior David Bernhardt inspected a key piece of national water infrastructure at Morrow Point Dam, located on the Gunnison...
South Carolina REALTOR® (SCR) member, past president and Realtor® at Coldwell Banker Residential Brokerage in Columbia, was named the association’s 2019 REALTOR® of the Year at its annual conference at the Francis Marion Hotel in Charleston on September 11, 2019.
Mississippi households in eight counties impacted by the storms, straight-line winds, tornadoes and flooding beginning on February 22 and continuing to March 29, 2019 are eligible to apply for federal disaster assistance to help
Last week CREW Miami (Commercial Real Estate Women) held its September lunch program, The Wizards of OZ hosting a panel of experts who discussed and answered questions about recent Opportunity Zone transactions
GCAAR is pleased to present its market information through a partnership with ShowingTime RealEstate Business Intelligence (RBI). Look to GCAAR as your source for comprehensive market data on the Washington, DC metro area market.
If you're in California, you need to visit Riverside. Here's why. The largest city in the area of California known as the 'Inland Empire,' Riverside is a popular destination for people looking to escape the big city life of Los Angeles. Some sixty miles east, Riverside features beautiful architecture, a vibrant downtown area, and stunning views from its many mountain hikes
FEMA has approved $2,202,339 for the State of Florida to help Lake County defray the costs of debris removal for Hurricane Irma under FEMA’s Public Assistance Program. FEMA funds will reimburse the county for the collection, reduction, disposal and site management of debris within Lake County between Sept. 18
Justice Department Resolves Claims that California Loan Modification Service Providers Discriminated Against Hispanic Homeowners...
The Department of Justice today announced a series of settlements to resolve allegations that several California-based mortgage loan modification service providers engaged in national origin discrimination in violation of the federal Fair Housing Act
Conservation organizations sued San Diego County today for approving Otay Ranch Village 14, a sprawl development that will pave over hundreds of acres of habitat for golden eagles and other imperiled wildlife and build new homes in one of California’s most dangerously fire-prone areas.
The Rebuild Texas Fund has awarded the Texas State Affordable Housing Corporation (TSAHC) and Enterprise Community Partners (Enterprise) a $1.1 million follow-up grant to support the Housing and Economic Assistance to Rebuild Texas (HEART) Program. HEART
The NYU Furman Center and Abt Associates announced today the cities of Atlanta, Minneapolis, Philadelphia, and San Antonio as the first cohort selected to participate in the inaugural Local Housing Solutions Institute
The National Housing Conference (NHC), the nation’s oldest, affordable housing coalition, announced that, Kimani Little of Federal Home Loan Bank of New York and Connie Wright of Wells Fargo has joined NHC’s Board of Governors
Existing-home sales rebounded in May, recording an increase in sales for the first time in two months, according to the National Association of Realtors®.
SACRAMENTO, Calif. — (RealEstateRama) — Sherwana Lynn Marcus, also known as Sherwana Granderson and Sherwana Santana, 47, was arrested today on a 36-count federal...
Sales of newly built, single-family homes fell 7.8 percent to a seasonally adjusted annual rate of 626,000 units in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Water-loving outdoor recreationists and local communities in 27 states will have additional resources to help boaters keep America’s waters clean, thanks to more than $17 million in Clean Vessel Act program grants from the U.S. Fish and Wildlife Service.
Texas SandFest drew a record 35,000 people April 26-28, encouraging business owners that Port Aransas is on its way to recovery. With nearly all the city’s retailers and restaurants re-opened, residents are beginning to feel like things are getting back to normal.
OJO Labs, a leading-edge technology company on a mission to empower consumer decision-making through its conversational AI assistant, OJO, won the highly coveted 2019 A-List Award among mid-sized companies from the Austin Chamber of Commerce in partnership with SXSW
Listing property on Airbnb has become a popular way to make extra money, meet new people, and provide some freedom, but there are a few key things to think about when you are considering listing your property. It is key to know what you’re getting yourself into.
The Rockefeller Foundation Launches $5.5 Million Opportunity Zone Community Capacity Building Initiative for Select...
The Rockefeller Foundation today announced an initiative to help U.S. cities attract responsible private investment in economically-distressed communities through Opportunity Zones created in the 2017 Tax Cuts and Jobs Act. This effort will help ensure new investment delivers sustainable benefits for more than 30 million low-income Americans living in Opportunity Zones
Eden Housing and City of Fremont Celebrate Grand Opening of KTGY-Designed Affordable Senior Housing...
Pauline Weaver Senior Apartments is located in the Warms Springs area of Alameda County and features 90 apartment homes for very low and extremely low-income seniors, near I-880 freeway, BART, shopping, services and other amenities.
The U.S. Department of Veterans Affairs (VA) announced May 13 that Veterans who qualify for a VA Home Loan funding fee waiver are now being notified in their home loan eligibility certificate and disability compensation award letter.
The nation's third-largest Multiple Listing Service, My Florida Regional MLS, will become Stellar MLS on June 4, 2019, in a move that totally reimagines the MLS. Currently serving 58,000 customers
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the National Association of Home Builders (NAHB) will co-host the Department's inaugural "Innovative Housing Showcase." The Innovative Housing Showcase will be held on the National Mall June 1-5, 2019
Yesterday, U.S. Senator Maria Cantwell (D-Wash.), ranking member of the Senate Energy and Natural Resources Committee, asked the Department of the Interior about its commitment to the Yakima River Basin during a hearing on the president’s FY 2017 budget request. Deputy Secretary of the Interior Michael Connor agreed with Sen. Cantwell that the Yakima River Basin plan “is a model for the rest of the nation in water management.”
“Consumers Energy is thankful to be a part of holiday celebrations across the state as warm Thanksgiving memories are being made, and we are committed to providing many more generations of Michigan families with reliable, affordable energy in all seasons,” said Garrick Rochow, Consumers Energy’s vice president and chief customer officer
Agencies Issue Final Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements
WASHINGTON, D.C. - December 13, 2013 - (RealEstateRama) -- Six federal financial regulatory agencies today issued a final rule that creates exemptions from certain appraisal requirements for a subset of higher-priced mortgage loans. The exemptions are intended to save borrowers time and money while still ensuring that the loans are financially sound
Atlanta, Georgia - November 13, 2013 - (RealEstateRama) -- the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Equity Loans, LLC, License Number 23300, located at 1150 Hammond Dr., Building E, Suite 650, Atlanta, Georgia 30328, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act