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New Home Sales Rise 10.7 Percent in October

Sales of newly built, single-family homes rose 10.7 percent to a seasonally adjusted annual rate of 495,000 units in October, according to newly released data from HUD and the U.S. Census Bureau.

Silicon Valley Association of REALTORS® Earns Third NAR Platinum Award for Global Achievement

For the third year in a row, the Silicon Valley Association of REALTORS® (SILVAR) has earned the National Association of REALTORS® (NAR) Platinum Award for Global Achievement. The platinum award is the highest distinction presented by NAR to an association for having demonstrated through its global business council exceptional commitment to building members' awareness of the global and multicultural business opportunities in their local markets

Homes Prices up 8.7% in October; Sales in 2015 Outpace Last Year.

Home prices continue to climb. Home sales dipped slightly and the days on market remain low. The median sale price rose 8.7 percent from October of last year. The median price was $126,500 in October 2014 compared to $137,500 this year. Homes were on the market for an average of 69 days last month compared to 86 days in October 2014. That is a decrease of almost 20 percent!

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 3.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 20, 2015. The previous week's results included an adjustment for the Veteran's Day holiday.

Appraisal Institute, Building Codes Assistance Project Offer ‘Green’ Appraisal Guidance

The Appraisal Institute and the Building Codes Assistance Project today released guidance for homebuilders, buyers and lenders related to valuation of green and energy-efficient homes

2015 NJ REALTORS Circle of Excellence Sales Award

Did you have a banner year? Did you hit your sales goal and then some? Submit your application for the NJ REALTORS® Circle of Excellence Award! The award recognizes those members who have demonstrated excellence in the field of salesmanship. This prestigious program comprises two awards: The NJ REALTORS® Circle of Excellence Award and the NJ REALTORS® Distinguished Sales Club application.

California pending home sales bounce back in October

Pending home sales bounced back from the previous month at the statewide level in October, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Pending sales were also significantly higher on an annual basis, portending higher closed escrows in the next couple of months

Moderate Expansion, Easing Prices Expected for Commercial Real Estate Markets

Sustained job growth throughout the country and improving credit conditions are forecast to help keep commercial real estate activity expanding into next year, but property prices are likely to slightly cool off after reaching their peak in some major markets, according to the National Association of Realtors®quarterly commercial real estate forecast.

HDC Community Fund $700,000 loan will help Human Solutions acquire property for year-round emergency...

When Human Solutions needed funds—quickly—to acquire a blighted commercial property and convert it into an emergency shelter for homeless families, we were there to help. Early next year the Southeast Portland nonprofit will reopen the shuttered Black Cauldron strip club at Southeast 160th Avenue and Stark Street as Multnomah County’s first year-round, 24/7 family shelter. Providing 130 urgently needed beds for kids and adults, plus laundry facilities, showers, a computer lab and indoor and outdoor play areas, the facility will replace and improve upon Human Solutions’ inadequately sized winter warming center, located a few blocks away.

MAREI KICKS OFF ITS ANNUAL HOLIDAY FUNDRAISING CAMPAIGN TO BENEFIT THE MARINE TOYS FOR...

Mid-America Association of Real Estate Investor’s announced the launch of its annual metrowide fundraising campaign to benefit the Marine Toys for Tots Foundation in the Kansas City Area. Now through Tuesday, December 8, member’s and guests can spread holiday joy to some of the 15.5 million U.S. children living in poverty by donating new, unwrapped toys at the Holiday Inn & Suites at 8787 Reeder Road in Overland Park Kansas or bring a toy to the monthly Meeting.

Palm Beach County: Home Sales Hit 18-Month Low

Housing market reports for October 2015 are now available. Below are the year-over-year figures for Palm Beach County from the Realtors® Association of the Palm Beaches (RAPB). RAPB is the 6th largest local association in the country representing over 14,000 REALTOR® members involved in all aspects of residential, commercial, and global real estate throughout Southeast Florida and the Treasure Coast.

October Marks More than Four Years of Price Appreciation in Miami

The Miami-Dade County real estate market continued to strengthen in October as properties sold fast and near asking price and sales prices again increased, according to a new report by the 41,000-member MIAMI Association of REALTORS® (MIAMI) and Multiple Listing Service (MLS) system

CHFA plans to sell $60.3 million in tax exempt bonds to finance affordable multifamily...

The Connecticut Housing Finance Authority (CHFA) plans to offer up to $60.3 million in Tax Exempt Bonds to finance six affordable multifamily rental developments: Billings Forge in Hartford, Charles Street Apartments in Meriden, Frost Homestead in Waterbury, Laurelwood Apartments in Bridgeport, Old Talcott Mill in Vernon, and Trinity Park in Stamford, totaling 488 units.

Illinois home prices climb in October; Sales lower amid tighter inventory

The Illinois statewide median price experienced a 6.3 percent annual gain in October. Sales declined slightly as available housing inventory tightened, according to the Illinois Association of REALTORS

Mayor Lee & Supervisor Breed Announce Milestone Reached in Historic Reenvisioning & Rebuilding of...

Mayor Edwin M. Lee and Supervisor Breed announced the historic transfer of 15 public housing sites and 1,425 units to community-based nonprofit ownership as part of the Mayor’s 2013 Re-Envisioning Public Housing Plan and the Department of Housing and Urban Development’s Rental Assistance Demonstration Program (RAD).

HUD OFFERS NEXT ROUND OF PLANNING GRANTS TO HELP TRANSFORM COMMUNITIES

The U.S. Department of Housing and Urban Development (HUD) announced the availability of new funding to help local communities across the country to redevelop severely distressed public and HUD-assisted housing and transform surrounding neighborhoods. The funding announcement introduces an additional, innovative component to the Choice Neighborhoods Planning Grant, called Planning and Action Grants.

New Study Suggests Strong Outlook for Green Homes

During the prolonged housing downturn, green homes provided support to the ailing residential market and now promise to be an important element of the recovering market as well, according to a new study conducted by Dodge Data & Analytics, in partnership with the National Association of Home Builders (NAHB) and with the support

SEIA Applauds Governor Cuomo For Setting a 50 Percent Renewable Electricity Mandate

Following is a comment from Rhone Resch, president and chief executive officer of the Solar Energy Industries Association (SEIA), on reports that New York is going to establish a mandatory 50 percent renewable portfolio standard by 2030.

MBA Opens Doors Announces Major Donation from Arch Capital Group, parent of Arch MI

The Mortgage Bankers Association Opens Doors Foundation (MBA Open Doors) today announced that Arch Capital Group Ltd. (Arch Capital), has made a very generous contribution. MBA Opens Doors is a non-profit organization dedicated to providing assistance to families with a critically ill or injured child by making their mortgage or rent payment. Arch Capital's generous donation has earned them recognition as an Opens Doors Foundation Guardian and is the largest single donation in Foundation history.

Ply Gem and country music icon Alan Jackson launch the Home for Good Project...

Ply Gem Industries, a manufacturer of exterior building products in North America, is proud of its 70-plus-year history of offering home exterior building products and solutions. Now, as part of the Home for Good Project, Ply Gem is giving back by uniting with Grammy award-winning country superstar Alan Jackson and low-income families to build affordable housing in partnership with Habitat for Humanity.

Recent NAHB Press Releases

NAHB

Statement from NAHB Chairman Greg Ugalde on Today’s Senate Banking Committee...

Greg Ugalde, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Torrington, Conn., today issued the following statement in response to today’s Senate Banking Committee hearing

Random NAHB in News

Forbes

I Want A Better House

Before anyone was talking "green," our company, I Want a Better House, was delivering the capabilities to make beautiful buildings that were safe, healthy, energy efficient and