Mortgage applications increased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 16, 2017
A majority of Americans and Canadians have made it clear: we are not paying enough attention to affordable housing needs and solutions, according to Habitat for Humanity’s Affordable Housing Survey. With critical housing shortages across both countries, cost remains a top barrier preventing families from accessing decent homes with an affordable mortgage
Today, the Department of Labor announced the award of $43.3 million in Homeless Veterans' Reintegration Program grants. The grants will help an estimated 21,000 veterans successfully reintegrate into the competitive workforce. The grants will fund a variety of services to assist homeless veterans in their return to the labor force including occupational, classroom, and on-the-job training, as well as job search and placement assistance.
The House Financial Services Committee today concluded a markup (link is external) on multiple pieces of legislation to reauthorize and reform the National Flood Insurance Program. Following is a statement from National Association of Realtors ® President William E. Brown
Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low, according to the National Association of Realtors®. All major regions except for the Midwest saw an increase in sales last month.
The Department of Housing and Community Development (DHCD) has extended the deadline for submitting comments on Draft Guidelines(link is external) for calculating the 40B general land area minimum until July 14, 2017.
Eight national business groups representing the diverse spectrum of renewable energy technologies (wind, solar, geothermal, biomass, hydro, biogas and waste-to-energy) today released a first-of-its-kind joint statement outlining a positive vision for the future of America’s power grid.
David H. Stevens, CMB, President & CEO of the Mortgage Bankers Association (MBA), released a statement following the Federal Housing Finance Agency's (FHFA) annual report to Congress. "We strongly support a number of the recommendations made in this report, including the need for comprehensive housing finance reform as well as measures to reduce barriers to investor participation in credit risk transfers. Both of these recommendations would facilitate liquidity in the secondary markets, which ultimately benefits borrowers, lenders, and investors
The Harvard Joint Center for Housing Studies released its State of the Nation’s Housing 2017 report. NAHRO is proud to be a sponsor of this vital annual publication, a must-read for affordable housing and community development practitioners.
The District of Columbia Housing Finance Agency (DCHFA) is investing in affordable housing in Columbia Heights for the second time this spring with the issuance of $15,840,000 in bond financing for the rehabilitation and construction of the Maycroft Apartments (1474 Columbia Road N.W.
This afternoon, delegates from the United States, Mexico, Central America and other international partners discussed the key to ensuring security in the region: strong judicial systems that prosecute crime thus deterring illegal behavior. The U.S. commended regional governments' fight against corruption at all levels of society, which demonstrates a commitment to governance, transparency, and strong institutions
Forty-two states added construction jobs between May 2016 and May 2017 amid growing demand for construction services, while 25 states and the District of Columbia lost construction jobs between April and May as firms struggle to find enough workers, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials said workforce shortages appear to be impacting construction employment in parts of the country.
The Alliance to Save Energy’s Board of Directors elected seven new members, including members of Congress and business leaders in the technology and manufacturing sectors, to help lead the organization’s work to advance energy efficiency in the United States
The Solar Energy Industries Association (SEIA), the national trade association for the solar industry, said today that an estimated 88,000 jobs, about one-third of the current American solar workforce, would be lost if Suniva gets trade protections proposed in its petition with the U.S. International Trade Commission (ITC)
Led by a decline in multifamily production, nationwide housing starts fell 5.5 percent in May to a seasonally adjusted annual rate of 1.09 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Multifamily starts fell 9.7 percent to a seasonally adjusted annual rate of 289,000 units while single-family production edged down 3.9 percent to 794,000.
NeighborWorks America vice president of homeownership and lending, Marietta Rodriguez, today said that she expects the number of NeighborWorks network nonprofits that provide realty services to grow over the short- to medium-term as more organizations look to build revenue producing social enterprises that complement their mission to expand homeownership opportunities throughout their communities. Currently, nearly three dozen NeighborWorks organizations have licensed real estate brokerage services
Associated Builders and Contractors applauded President Donald J. Trump on today’s executive action on apprenticeships, which is an important step toward building new career opportunities for all Americans
ABC Hails Florida Legislation That Encourages Competition in Bidding on Public Construction Projects
Associated Builders and Contractors (ABC) today applauded Gov. Rick Scott (R-Fla.) for signing legislation into law that will promote open competition in the procurement of construction services funded by Florida taxpayers.
The National Low Income Housing Coalition (NLIHC) applauds the release of Fiscal Year (FY) 2017 allocations of state-by-state funding levels for the national Housing Trust Fund (HTF) from the Department of Housing and Urban Development (HUD). The funding, approved on Wednesday, June 14, is an important step towards alleviating the severe shortage of homes affordable to the lowest income people across the country
June is National Homeownership Month and the District of Columbia Housing Finance Agency (DCHFA) is announcing its first closing of the Home Purchase Assistance Program (HPAP). On June 12, Leonidas Saturria Rosario and Lurden Martinez de Saturria became homeowners with the assistance of the HPAP program. “We are happy and satisfied that our prayers of being homeowners have been answered. We are not priced out of the market and can afford to stay in D.C. thanks to HPAP.”
Time is running out to submit an abstract to present at Building Innovation 2018: The National Institute of Building Sciences Sixth Annual Conference and Expo. The deadline is this Friday, June 16, to participate in the industry’s only all-inclusive Conference where members of the entire building community come together to connect, collaborate and create solutions that benefit the built environment.
Builder confidence in the market for newly-built single-family homes weakened slightly in June, down two points to a level of 67 from a downwardly revised May reading of 69 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI)
More than 800 builders from across the nation marched on Capitol Hill today for the annual National Association of Home Builders (NAHB) Legislative Conference to call on Congress to make housing and homeownership a national priority and to support policies that will keep the housing recovery moving forward
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2017 shows mortgage applications for new home purchases increased 15 percent compared to May 2016. Compared to April 2017, applications increased by 4 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns
Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 9, 2017. Last week's results included an adjustment for the Memorial Day holiday.
David H. Stevens, CMB, President & CEO of the Mortgage Bankers Association (MBA), released the following statement following the Senate Banking Committee approving the nomination of Pam Patenaude to be the Deputy Secretary of Housing and Urban Development (HUD)
Total commercial/multifamily debt outstanding rose to $3.01 trillion at the end of the first quarter of 2017, the first time it has broken the $3 trillion mark. Multifamily mortgage debt outstanding rose to $1.17 trillion, an increase of $23.4 billion, or 2.0 percent, from the fourth of quarter of 2016.
Nearly 7,000 of the world’s foremost leaders in the real estate and land use industry will convene at the Urban Land Institute’s (ULI) 2017 Fall Meeting, set for October 23-26 at the Los Angeles Convention Center. ULI is a global, multidisciplinary, member-driven real estate organization dedicated to responsible land use and building thriving, sustainable communities.
The Urban Land Institute (ULI) has announced a partnership with100 Resilient Cities – Pioneered by the Rockefeller Foundation(100RC), becoming a part of their Platform of Partners. In this capacity, ULI will be offering expertise on building for resilience to a select group of 100RC cities, as they design and implement their comprehensive Resilience Strategies
In commemoration of Father’s Day 2017,the U.S. Department of Housing and Urban Development (HUD) is joining with communities throughout the countryto celebrate fatherhood and family through HUD’s National Father’s Day Initiative.