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HUD

HUD AND CENSUS BUREAU ANNOUNCE NEW RESIDENTIAL CONSTRUCTION ACTIVITY IN FEBRUARY

The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau jointly announced the following new residential construction statistics for February 2017
NAHB

Single-Family Housing Starts Reach Highest Level since Late 2007

Nationwide housing starts rose 3 percent in February from an upwardly revised January reading to a seasonally adjusted annual rate of 1.288 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family production increased 6.5 percent to 872,000 units — its highest reading in nearly a decade — while multifamily starts fell 3.7 percent to 416,000 units.
DHCD

DHCD Response to ODCA Report on Housing Production Trust Fund: Remember Unprecedented Affordable Housing...

Polly Donaldson, Director of the DC Department of Housing and Community Development (DHCD), issued a statement today in response to an Office of the District of Columbia Auditor (ODCA) report on the Housing Production Trust Fund (HPTF). That report made several recommendations for administrative improvements. Donaldson emphasized that HPTF changes implemented since January 2015 have produced and preserved more affordable housing units in the District, and as DHCD’s administrative process continues to evolve, the agency will work collaboratively with ODCA to resolve any findings identified by its review.
ASE

Budget Would Gut Efficiency Programs; Alliance Vows Fight

The Alliance to Save Energy vowed to fight budget cuts for federal energy efficiency programs proposed Thursday by the Trump administration, including the elimination of the successful ENERGY STAR program and sharp reductions at the Department of Energy (DOE).
Habitat

Habitat for Humanity and The Blue Book Building and Construction Network partner to build...

Joining forces to create access to affordable housing, The Blue Book Building and Construction Network has signed on as a national partner with Habitat for Humanity to help families build strength, stability and self-reliance through shelter.
Natural Resources

House Passes Bill to Increase Water Storage at the Fontenelle Reservoir in Wyoming

Today, the House passed H.R. 648 (Rep. Liz Cheney, WY-at large) by an unanimous bipartisan vote of 408-0. H.R. 648 authorizes the Secretary of the Interior to enter into a cooperative agreement with the State of Wyoming to modify the Fontenelle Dam and Reservoir as a way to increase storage capacity and mitigate erosion at no cost to the federal government
AGC

THIRTY-NINE STATES ADD CONSTRUCTION JOBS BETWEEN JANUARY 2016 & 2017 WHILE THIRTY-EIGHT STATES AND...

Thirty-nine states added construction jobs between January 2016 and January 2017 while 38 states and D.C. added construction jobs between December and January, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials said that many firms report they are having a hard time finding enough qualified workers to hire as they work to keep pace with growing demand.
NAR

Economic, Financial Optimism Surges; Renters Lukewarm About Buying

Multiple years of uninterrupted job gains and hope that the best is yet to come in 2017 are igniting consumer confidence across the country, and especially in rural and middle America, according to new consumer survey findings from the National Association of Realtors®. The survey additionally found a growing disparity among renters who think it's a good time to buy and homeowners who think it's a good time to sell
NAHB

Builder Confidence Hits 12-Year High

Builder confidence in the market for newly-built single-family homes jumped six points to a level of 71 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the highest reading since June 2005
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 3.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 10, 2017.
Energy and Natural Resources Committee

Murkowski: Energy Infrastructure Is Central to Our Way of Life

U.S. Sen. Lisa Murkowski, R-Alaska, today chaired a hearing to receive testimony on opportunities to improve American energy infrastructure. The Senate Committee on Energy and Natural Resources received testimony from seven witnesses who highlighted the importance of U.S. energy systems, including the electrical grid and pipelines, to national job creation and economic prosperity, as well as the need to streamline notoriously slow and uncertain federal permitting processes.
Energy and Natural Resources Committee

Cantwell Calls for Action to Defend Our Critical Energy Infrastructure Against Cyberattacks

Ranking Member of the Senate Energy and Natural Resources Committee Maria Cantwell (D-Wash.) called for action to defend our critical infrastructure against cyberattacks during a committee hearing. Modernization of the electric grid brings tremendous benefits, but it also makes the grid more vulnerable to cyberattacks.
Buffalo

Hanley Investment Group Completes Three Single-Tenant 7-Eleven Transactions

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 three 7-Eleven stores. With these three recent transactions, McChesney has sold 20 7-Elevens in the last two years, the most 7-Elevens sold by any individual in the U.S. during this period.
AWEA

Energy and manufacturing coalition: America can do better with its essential transmission infrastructure

A coalition of groups representing a broad spectrum of U.S. manufacturing, construction, energy and environmental workers, are calling for Congress to include electric transmission provisions in any proposed infrastructure legislation and streamline expansion of U.S. electrical infrastructure
MBA

February New Home Purchase Mortgage Applications Increase 2.2 Percent Year over Year

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for February 2017 shows mortgage applications for new home purchases increased 2.2 percent compared to February 2016. Compared to January 2017, applications increased by 16 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns
NMHC

Apartment Industry Calls for the Long-Term Reauthorization of the National Flood Insurance Program

The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) issued the following statement today in regards to a statement submitted to the Chair and Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs in regards to the hearing entitled, Reauthorization of the National Flood Insurance Program, Part I
Jeremy-Crawford

RESO Offers Free Web API Tools to Enable Rapid Real Estate Software Development

Real estate software developers will now be able to more rapidly deploy real estate software with the just released Web API client tool now available for free from the Real Estate Standards Organization (RESO). Developed by RESO specifically for connecting to the hundreds of MLSs nationwide that have implemented RESO API Standards, the free software package includes the Web API client application itself, as well as the source code for the open source client software.
NIBS

Only One Week Until BSSC’s Precast Concrete Webinar

There is still time to register for the webinar, “Seismic Design of Precast Concrete Structures,” hosted by the National Institute of Building Sciences Building Seismic Safety Council (BSSC). This is the second webinar in the 2017 series sponsored by the Federal Emergency Management Agency (FEMA).
NCHV

VA Partnership Provides Community Organizations with Path to Support Homeless Veterans

Military Outreach USA, a partner of the Department of Veterans Affairs (VA), recently launched a program to encourage communities to connect with local VA facilities and help VA provide support to homeless or recently homeless veterans and their families
Congresswoman Eleanor Holmes Norton

D.C. Residents Continue to Be Hired for DHS Headquarters Project; More Opportunities for Small...

The office of Congresswoman Eleanor Holmes Norton (D-DC) today released the most recent data available (January 2017) on the number of District of Columbia residents hired to work at federal construction sites in the District and D.C. small businesses with subcontracts at the sites.  Three of the projects that wrapped up in the fall established generally good D.C. hiring rates as measured against the percentage of D.C. residents in the region (10 percent).
AWWA

AWWA releases updated edition of M50 Water Resources Planning

The third edition of the American Water Works Association’s M50 Water Resources Planning is now available. M50 assists water resources planners in implementing a work plan that effectively addresses technical and institutional needs before developing new water supplies. The guide also demonstrates how to produce a long-term Integrated Resource Plan for water utilities.
Speaker Paul Ryan

Two House Committees Approve the American Health Care Act

House Speaker Paul Ryan (R-WI) today applauded the Ways and Means Committee and the Energy and Commerce Committee for approving the American Health Care Act, the first step in an open, transparent process
MBA

Mortgage Credit Availability Increases in February

Mortgage credit availability increased in February according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool.
MBA

Commercial/Multifamily Delinquencies Remain Low in Fourth Quarter, CMBS Continues to Increase

Delinquency rates for commercial and multifamily mortgage loans remained low in the fourth quarter of 2016, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report.
NARI

ENERGY SAVINGS AND INDUSTRIAL COMPETITIVENESS ACT

The National Association of the Remodeling Industry (NARI) commends Congressmen David McKinley (R-WV) and Peter Welch (D-VT) on the introduction of the Energy Savings and Industrial Competitiveness Act of 2017
NLIHC

Message from Diane Yentel, National Low Income Housing Coalition President and CEO, on President...

President Donald Trump is expected to send to Congress a high-level budget proposal for Fiscal Year 2018 next week. An overview of early drafts by the Washington Post show the severity of cuts under consideration. Multiple sources confirm that OMB Director Mick Mulvaney could slash the HUD budget by as much as 14% ($6 billion)—without considering inflationary adjustments
U.S. Department of Commerce

Commerce Department Seeks Comments on Impact of Burdensome Federal Regulations and Construction Permitting Process...

Secretary of Commerce Wilbur L. Ross, Jr. is asking for input from American manufacturers to learn about the unnecessary burdens manufacturers face from federal permitting and regulatory requirements.
NMHC

Apartment Industry Releases Letter Calling for Regulatory Reform

Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on the apartment industry’s letter in support of the Trump administration’s commitment to regulatory reform
ASE

House Leaders Reintroduce Efficiency Legislation

Alliance to Save Energy President Kateri Callahan released the following statement Thursday after Reps. David McKinley (R-W. Va.) and Peter Welch (D-Vt.) reintroduced their bipartisan bill to advance energy efficiency.
Sherwin Williams Florence KY

The Boulder Group Arranges Sale of Single Tenant Net Leased Sherwin-Williams

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Sherwin-Williams property located at 8522 US-42 in Florence, Kentucky for $1,678,426.

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MBA

Commercial/Multifamily Mortgage Debt Ends Year Strong, Despite CMBS Decline

The level of commercial/multifamily mortgage debt outstanding increased by $46.0 billion in the fourth quarter of 2016, as three of the four major investor groups increased their holdings.  That is a 1.6 percent increase over the third quarter of 2016.    On a year-over-year basis, the amount of mortgage debt outstanding at the end of 2016 was $162.0 billion higher than at the end of 2015, an increase of 5.8 percent.

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AGC

CONSTRUCTION EMPLOYMENT INCREASES IN 43 STATES IN LAST 12 MONTHS; FIVE...

Forty-three states added construction jobs between February 2016 and February 2017 while 39 states added construction jobs between January and February, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials noted that the despite the relatively widespread increase in construction employment, most states are still significantly below peak construction employment levels