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Commercial/Multifamily Mortgage Bankers Originations to Grow by 4 Percent in 2017

The Mortgage Bankers Association (MBA) projects originations of commercial and multifamily mortgages will grow to $537 billion in 2017, an increase of 4 percent from expected 2016 volumes of $515 billion. Mortgage banker originations of multifamily mortgages are forecast at $224 billion in 2017, with total multifamily lending at $272 billion

ULI Announces Winners of the 2016 Urban Innovation Grants

Ten grants totaling $100,000 have been awarded to Urban Land Institute (ULI) district and national councils through ULI’s Urban Innovation Grant program. Only ULI district and national councils are eligible to apply for grants, with awards ranging between $10,000 and $25,000 for innovative projects that engage ULI members and further the institute’s mission at the local level.

NAHB Mourns the Loss of Steve Gallagher

Steve Gallagher, Vice President of Intergovernmental Affairs for the National Association of Home Builders (NAHB), passed away after a medical emergency on Nov. 1. “Steve was respected on both sides of the aisle by policymakers from city governments to the White House,” said NAHB Chief Executive Officer Jerry Howard.

As New Homeless Education Law Goes Into Effect, States Have to Do More

The National Law Center on Homelessness & Poverty issued a new report showing that too many states were struggling to make schools accessible to students experiencing homelessness, even before heightened legal requirements went into effect earlier this month.

55+ Housing Market Has Strong Third Quarter Showing

Builders report that the single-family 55+ housing market is holding strong in the third quarter, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) released today. The index had a reading of 59, up two points from the previous quarter and the 10th consecutive quarter with a reading above 50

Statement On Paris Climate Accord

Alliance to Save Energy President Kateri Callahan released the following statement Thursday in advance of the enactment of the Paris climate accord Friday

Realtors® Gather in Orlando Focused on Real Estate Opportunities Ahead

As the country heads into the final days of the general election, Realtors® are convening in Orlando, Florida for the 2016 REALTORS® Conference & Expo, themed "Educate. Innovate. Celebrate."

Housing Supply Crunch Accelerates Metro Home Price Growth during Third Quarter

Persistent supply shortages throughout the country led to slightly faster home price appreciation during the third quarter, according to the latest quarterly report by the National Association of Realtors®. The report also revealed that seven of the 10 most expensive housing markets in the U.S. are in the West, including San Jose, California, which had a median single-family home price of $1 million for the second straight quarter.

CONSTRUCTION EMPLOYMENT CONDITIONS VARY WIDELY BY METRO BETWEEN SEPTEMBER 2015 & 2016 AS WORKER...

Construction employment conditions varied widely by metro area between September 2015 and September 2016 as contractors in many areas struggled to find qualified workers while others contending with shrinking public budgets for infrastructure, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials said the new data shows the need to enact career and technical education reforms along with infrastructure funding

Statement from NAHB Chairman Ed Brady on Legal Challenge to Waters of the U.S....

Ed Brady, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Bloomington, Ill., issued the following statement after the association and its industry partners presented their first brief to the U.S. Court of Appeals for the Sixth Circuit challenging the Waters of the U.S. rule

Utility And Efficiency Businesses Take Key Step On New Utility Rate Designs

The Alliance to Save Energy announced Wednesday it has successfully completed the first round of negotiations with a group of utility and energy efficiency interests to develop new recommendations that could shape how millions of Americans use and pay for energy in their homes. The group’s members agreed unanimously on a set of core principles guiding their work toward developing new utility rate designs that encourage the efficient and productive use of energy
CVS Pharmacy

The Boulder Group Arranges Sale of Net Leased CVS Pharmacy Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased CVS Pharmacy located at 6820 North Pear Tree Lane in Peoria, Illinois for $4,198,000. More...

CONSTRUCTION SPENDING EDGES DOWN IN SEPTEMBER AND IS UP MODESTLY FOR THE FIRST NINE...

Construction spending remained in a yearlong holding pattern in September as declining public outlays offset strong growth in multifamily spending and several private nonresidential categories, according to an analysis by the Associated General Contractors of America. Association officials said declining investments in public infrastructure are undermining the sector’s recovery and urged Congress to act on pending water resources legislation and voters to support ballot measures designed to rebuild aging infrastructure

New ULI Book ‘Making It in Real Estate: Starting Out as a Developer’ Gives...

A new book published by the Urban Land Institute (ULI) offers practical advice on becoming a real estate entrepreneur and specifically, on owning and operating one’s own development firm. Written in a conversational style and light-hearted tone, Making It in Real Estate: Starting Out as a Developer serves as a “how-to” guide on the nuts and bolts of development

MBA’s Future Leaders Program Graduates 63 Residential and Commercial/Multifamily Real Estate Finance Professionals

The Mortgage Bankers Association (MBA) recognized a total of 63 mortgage professionals -- 35 from the residential market segment and 28 from the commercial/multifamily market segment -- in a graduation ceremony for MBA's Future Leaders Program held at MBA's Annual Convention & Expo in Boston, MA

First-time Buyers, Single Women Gain Traction in NAR’s 2016 Buyer and Seller Survey

The quickening pace of home sales over the past year included a small rebound from two key segments of buyers who have been missing in action in recent years: first-time buyers and single women.

DCHFA Funds its First Development Project of FY 2017 in Deanwood

The District of Columbia Housing Finance Agency issued $6.10 million in long term and $10.73 million in short term DCHFA tax exempt obligations in acquisition and construction financing to build Deanwood Hills Apartments (5201 Hayes Street Northeast) in Ward 7’s Deanwood neighborhood.

Statement from NAHB Chairman Ed Brady on HUD Floodplain Management Plan

Ed Brady, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Bloomington, Ill., today issued the following statement on the U.S. Department of Housing and Urban Development’s proposed regulations regarding floodplain management

HUD Properties Available for Homeless Services

In accordance with the Stewart B. McKinney Homeless Assistance Act, HUD published a Notice in the Oct. 28, 2016, Federal Register identifying Federal buildings and other real property HUD has reviewed for suitability for use to assist the homeless. The properties were reviewed using information provided to HUD by Federal landholding agencies or by GSA regarding their inventories of excess or surplus property.

Alliance To Save Energy Elects New Leaders To Board

The Alliance to Save Energy’s Board of Directors on Wednesday elected three new members to help lead the organization’s mission of achieving a more energy efficient future. The newly elected directors, who represent top business and utility entities, include