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NATIONAL ASSOCIATION OF THE REMODELING INDUSTRY (NARI) JOINS KBIS AND IBS AS PLATINUM...
The National Association of the Remodeling Industry (NARI) will serve as a platinum sponsor supporting organization of the fifth annual Design & Construction Week (DCW).
Existing-Home Sales Subside 1.7 Percent in August
Existing-home sales stumbled in August for the fourth time in five months as strained supply levels continue to subdue overall activity, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest were outpaced by declines in the South and West.
Overhead Lines Have Little Impact on Property Values: The Appraisal Journal
Despite negative public perception, high-voltage overhead transmission lines have little impact on nearby property values, according to an article published this week in The Appraisal Journal.
New Data Shows Strong Sustainability Improvement in the North American Real Estate Sector
GRESB, the Global ESG Benchmark for real assets, today released the results of its annual 2017 GRESB Real Estate Assessment for the North American real estate sector.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 9.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 15, 2017. Last week's results included an adjustment for the Labor Day holiday.
Housing Production Holds Steady in August
Nationwide housing starts fell 0.8 percent in August to a seasonally adjusted annual rate of 1.18 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family production rose 1.6 percent in August to a seasonally adjusted annual rate of 851,000 after a downwardly revised July reading. Year-to-date, single-family starts are 8.9 percent above their level over the same period last year.
Solar Industry Responds to New York’s Recent Clean Energy Ruling
The solar industry responded to the New York Public Service Commission’s (Commission) approval of utility implementation plans in the Value of Distributed Energy Resources (VDER) proceeding. These critical plans set the compensation for solar customers in each utility service territory and established a successor program to net metering in New York.
NAHB Members Celebrate Professional Women in Building Week
Members of the National Association of Home Builders (NAHB) are celebrating Professional Women in Building (PWB) Week Sept. 18 – 22. The goals of PWB Week are to highlight the many contributions women make to the residential construction industry and offer an opportunity for PWB members to share the value of council membership
Capital Impact Partners Marks Largest Quarter Ever In Financing Community Development Projects
Capital Impact Partners announced today that it provided $75 million in project financing during the second quarter of 2017. This represents the largest quarterly loan volume in the company’s history as it worked to support increased access to health care, education, affordable housing, and healthy food around the United States.
Builder Confidence Drops Three Points As Hurricanes Add Uncertainty
Builder confidence in the market for newly-built single-family homes fell three points to a level of 64 in September from a downwardly revised August reading of 67 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Santa Fe Association of REALTORS® Hosts “Bring Workers Home” Multi-Family Housing Conference
The Santa Fe Association of REALTORS® is hosting a Multi-Family Housing Conference on Thursday - September 28, 2017, from 9 a.m. to 2 p.m. at the Santa Fe Community Convention Center. The event is devoted to raising awareness of multi-family housing by providing a forum for key stakeholders to explore opportunities to promote, encourage and grow workforce housing in our region.
Student Debt Delaying Millennial Homeownership by 7 Years
Despite being in the prime years to buy their first home, an overwhelming majority of millennials with student debt currently do not own a home and believe this debt is to blame for what they typically expect to be a seven-year delay from buying
Two Weeks Until Webinar Looks at Risk, Rewards of Energy in Commercial Appraisals
There is still time to learn about an effort by the U.S. Department of Energy (DOE) to put energy performance on the lending table. The National Institute of Building Sciences Council on Finance, Insurance and Real Estate (CFIRE) will host a webinar to discuss the energy performance of buildings.
NMHC/NAA Statement on Pam Patenaude’s Confirmation as Deputy Secretary of HUD
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) following Pam Patenaude’s confirmation as Deputy Secretary of the Department of Housing and Urban Development (HUD)
Pam Patenaude Right Choice for HUD Deputy Secretary, Say Realtors®
The U.S. Senate today approved the nomination of Pam Patenaude as deputy secretary at the Department of Housing and Urban Development. Following is a statement from NAR President William E. Brown on the vote
Homeownership a Common Interest, Deserves Protection in Tax Reform Debate
Tax reform done right could yield savings and simplification that benefits average Americans, but history shows that misguided reforms can pose significant threats to the economy. That’s the message the National Association of REALTORS® brought to Congress today as Iona Harrison, chair of NAR’s Federal Taxation Committee
MBA Applauds Senate for Confirming Pam Patenaude
David H. Stevens, CMB, President & CEO of the Mortgage Bankers Association (MBA), released a statement following the Senate confirmation of Pam Patenaude to be the Deputy Secretary of Housing and Urban Development (HUD).
NAHB Commends Confirmation of Pamela Patenaude as HUD Deputy Secretary
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, issued the following statement on the Senate confirmation of Pamela Patenaude as deputy secretary of the Department of Housing and Urban Development
MBA’s RIHA Releases Special Report on Managing Mortgage Product Development Risk
The Mortgage Bankers Association's Research Institute for Housing America (RIHA) today released a new special report, Managing Mortgage Product Development Risk." The report "recommends a more formalized approach to assessing mortgage product risk that takes into account both product and process risk." It was authored by Clifford V. Rossi, Executive in Resident and Professor at the Robert H. Smith School of Business, University of Maryland.
MERCY HOUSING MAKES AFFORDABLE HOUSING GREEN THROUGH ENERGY AND WATER EFFICIENCY UPGRADES
Mercy Housing, the largest affordable housing nonprofit in the country, announced today that it has upgraded six of its California properties with efficiency measures that will reduce the amount of energy and water consumed in the buildings. The upgrades were supported by Mercy Housing’s Green Hope sustainability program, designed to reduce consumption of natural resources, reduce waste, and create healthier living environments with no reduction in quality of service to the resi
Joint Employer Bill Would Provide Clarity and Certainty to Small Businesses
The National Association of Home Builders (NAHB) today urged Congress to pass the bipartisan Save Local Business Act, legislation that would boost housing affordability and provide small businesses certainty and predictability by clarifying under law what constitutes a joint employer
MBA Releases White Paper, “CFPB 2.0: Advancing Consumer Protection”
The Mortgage Bankers Association (MBA) today released a new white paper, prepared for MBA by the law firm of Covington and Burling, entitled CFPB 2.0: Advancing Consumer Protection. The paper examines the approach of the Consumer Financial Protection Bureau (CFPB) during its first five years of undertaking enforcement actions in key areas--including actions that clearly departed from prior published interpretations-without providing sufficient supervisory guidance to the industry in advance.
NAHB Commends Nomination of Brian Montgomery as FHA Commissioner
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, issued the following statement regarding President Trump’s nomination of Brian Montgomery to run the Federal Housing Administration (FHA)
Statement on Brian Montgomery Being Nominated to Lead the FHA
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), made the following statement about President Trump nominating Brian Montgomery to be the next Federal Housing Commissioner at the U.S. Department of Housing and Urban Development (HUD)
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 9.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending September 8, 2017. This week's results included an adjustment for the Labor Day holiday.
August New Home Purchase Mortgage Applications Increased 6.8 Percent Year over Year
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2017 shows mortgage applications for new home purchases increased 6.8 percent compared to August 2016. Compared to July 2017, applications increased by 7 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.
Outlook Remains Bright for Commercial Real Estate Despite Price Plateau
Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of Realtors® quarterly commercial real estate forecast
Washington, D.C.’s Department of Housing and Community Development Selected as Winner of the Urban...
Washington, D.C.’s Department of Housing and Community Development has been selected by the Urban Land Institute’s (ULI) Terwilliger Center for Housing as the winner of the 2017 Robert C. Larson Housing Policy Leadership Award, which is an annual recognition of the innovative ways the public sector is addressing the country’s affordable housing crisis.
Housing Developments in Newark, Boston, and Austin Selected as Winners of The Urban Land...
Newark’s Hahne & Co. Building, Boston’s Mosaic on the Riverway, and Austin’s Wildflower Terrace have been selected by the Urban Land Institute (ULI) Terwilliger Center for Housing as the winners of the 2017 Jack Kemp Excellence in Affordable and Workforce Housing Award. The annual award, which honors developments that ensure housing affordability for people in a broad range of incomes, is provided to developments in which all or a portion of the units are affordable to households earning up to 120 percent of the area median income (AMI).
Mortgage Credit Availability Increases in August
Mortgage credit availability increased slightly in August 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.
