The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for November 2017 shows mortgage applications for new home purchases increased 12.2 percent compared to November 2016. Compared to October 2017, applications decreased by 6 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns
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
Industry Employment Reaches 10-Year High and Unemployment Rate Falls to 5.0 Percent; Association Officials Say Tax Rate Cuts Will Enable Firms to Increase Pay and Attract More Workers to Construction. Construction employment increased by 24,000 jobs in November to the highest level since November 2008
CEOs of four leading Community Development Financial Institutions call on Congress to preserve the...
As leaders of four of the nation’s largest nonprofit financial institutions dedicated to improving economic opportunity in local communities, we write to urge your support for the preservation of the New Markets Tax Credit (NMTC) during upcoming negotiations on tax reform legislation
A new report released today by the U.S. Department of Housing and Urban Development (HUD) shows that total homelessness increased this year for the first time since 2010. The 2017 Annual Homeless Assessment Report (AHAR) to Congress reports that on a single night in 2017, 553,742 people were identified as experiencing homelessness, representing an increase of less than one percent over last year.
Construction input prices expanded 0.7 percent in November and rose 5.6 percent on a yearly basis, the largest increase since November 2011, according to an Associated Builders and Contractors (ABC) analysis of Bureau of Labor Statistics data released today. Nonresidential construction materials prices also expanded 0.7 percent for the month and 5.4 percent for the year. Crude petroleum prices rose 11 percent in November and are 31 percent higher than this time last year.
Infographic: Homeowners Say Changing Homeownership’s Tax Incentives Restricts Mobility, Causes Financial Strain
An overwhelming majority of homeowners would take advantage of the mortgage interest deduction and state and local property tax deductions if they were to purchase a new home, and a notable share said that the proposed changes to these tax incentives would affect their budget and desire to move in the future
Underscoring a key milestone in VA’s efforts to modernize its infrastructure, the U.S. Department of Veterans Affairs (VA) marked the reopening of its newly renovated Lafayette Building at 811 Vermont Ave., in Washington, D.C., with a ribbon-cutting ceremony at the facility Dec. 11.
The Mortgage Bankers Association (MBA) today announced that it has retained Spencer Stuart, a leading global executive search and leadership advisory firm, to assist with the search for the Association's next President and CEO. Current President and CEO, David H. Stevens, announced his plans to retire this past October. Mr. Stevens will remain in his position until September 30, 2018 to ensure a smooth and successful transition.
“I commend the House of Representatives for passing H.R. 3359. I urge the Senate to pass similar legislation. As the events of this morning illustrate, our nation’s critical infrastructure can often be prime targets for adversaries of all types, including terrorists, nation state and other non-state actors, hackers, and ordinary criminals. As the threat landscape shifts and becomes more complex, our approach to security must evolve.
Congresswoman Eleanor Holmes Norton (D-DC) will commemorate the 44th anniversary of the enactment of the District of Columbia Home Rule Act this month, beginning with a floor speech tomorrow, Tuesday, December 11, 2017, at 10:00 a.m., and another speech planned for next week. Norton will not only review the history of the Home Rule Act, which was signed into law by Republican President Richard Nixon on December 24, 1973, she will use the occasion to expose the repeated attempts by Republican Members, who violate their local control principles, to overturn local D.C. laws.
The National Recreation and Park Association (NRPA) is proud to announce the release of A Resource Guide for Planning, Designing and Implementing Green Infrastructure in Parks. The new guide, which draws on lessons learned from the Great Urban Parks Campaign pilot projects, was created in partnership with the American Planning Association and Low Impact Development Center.
Chairman Rob Bishop (R-UT) issued the following statement in reaction to the Bureau of Land Management’s (BLM) methane rule delay. “The previous rule was outside the limits of BLM’s authority. “The previous rule was outside the limits of BLM’s authority.
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.
Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that it has received two prestigious 2017 HREI Insights Awards in the categories of “Best Renovated or Repurposed Healthcare Facility” and “Best New Medical Office Buildings and Other Outpatient Facilities under 25,000 square feet.”