Yearly Archives: 2017

The U.S. Environmental Protection Agency (EPA) is inviting Maine Water Company in Biddeford, Maine to apply for a Water Infrastructure Finance and Innovation Act (WIFIA) loan

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

Associated Builders and Contractors (ABC) today announced that veteran construction safety expert Stephen M. Wiltshire has joined its 70-person staff as director of safety.

U.S. Sen. Lisa Murkowski, R-Alaska, today chaired a hearing held by the Committee on Energy and Natural Resources to examine the status of U.S. and North American energy and resource security. The hearing examined everything from the significant benefits that have resulted from the elimination of the domestic ban on crude oil exports in December 2015 to the need to maintain U.S. nuclear leadership and improve our waning mineral security.

Mortgage applications increased 6.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending July 14, 2017. Last week's results included an adjustment for the Fourth of July holiday.

Washington’s King County is one of only 12 communities nationwide selected for the first round of funding under a new U.S. Environmental Protection Agency loan aimed at helping spark investment in critical infrastructure projects across the country.

All four indexes of the National Multifamily Housing Council’s (NMHC) July Quarterly Survey of Apartment Market Conditions remained slightly below the breakeven level of 50, the fourth consecutive quarter indicating softening conditions. The Market Tightness (43), Sales Volume (47), Equity Financing (46), and Debt Financing (47) Indexes all improved from April, but still hovered just below 50

Nationwide housing starts rose 8.3 percent in June to a seasonally adjusted annual rate of 1.22 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 6.3 percent to a seasonally adjusted annual rate of 849,000 units from a below-trend May reading of 799,000, while multifamily starts rose 13.3 percent to 366,000. Single-family production was at its second-highest rate this year.

International award-winning firm KTGY Architecture + Planning is pleased to announce that Elan Menlo Park, a 146-unit luxury apartment community in Menlo Park, Calif., is nearly complete and has begun leasing. Developed byCityView and Greystar, Elan Menlo Park is a contemporary-designed apartment community located at 3645 Haven Avenue, near major employers, restaurants, shopping, services, medical, education and transit.

Kennedy Wilson, a global real estate investment and services firm, has announced the closing of three 10-year leases with major national retailers at the South Park by Windsor mixed-use property in Downtown Los Angeles (DTLA), bringing the ground-floor retail space to 100-percent occupancy. The property is one of South Park’s newest mixed-use high rise developments to recently open.

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm completed the sale of Sierra Del Oro Towne Centre, a 110,004-square-foot Ralphs grocery-anchored shopping center located at the signalized intersection of Green River Road and Serfas Club Drive in Corona, Calif. The purchase price was $28.6 million. According to CoStar, this is the second grocery-anchored property to trade in the Inland Empire in the last 24 months.

“Could Predictive Analytics Become Tomorrow’s QR Code?” is the thought-provoking title of the session that DC area and third-generation real estate professional John Heithaus will co-present at Inman Connect at the San Francisco Hilton, August 7-11, the nation’s largest real estate technology conference.

365 Connect, a leading provider of award-winning marketing, leasing, and resident technology platforms for the multifamily housing industry, announced today the release of a comprehensive industry study on the utilization of resident services in affordable housing. The study, Affordable Multifamily Rental Housing Resident Services - Twenty-First-Century Solutions, brings into focus the future of delivering services through web-based platforms.

The U.S. Environmental Protection Agency awarded $3,042,000 to the North Carolina Department of Environmental Quality (NCDEQ) to implement and enforce the requirements of the Safe Drinking Water Act. The award was made under the Public Water System Supervision program and will go toward NCDEQ’s oversight of the 5,677 public water systems serving approximately nine million people.

Builder confidence in the market for newly-built single-family homes slipped two points in July to a level of 64 from a downwardly revised June reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). It is the lowest reading since November 2016

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for June 2017 shows mortgage applications for new home purchases increased 10 percent compared to June 2016. Compared to May 2017, applications decreased by 4 percent. This change does not include any adjustment for typical seasonal patterns

The National Foundation for Credit Counseling® (NFCC®) represents the largest network of non-profit HUD-approved counseling agencies, providing a broad range of counseling and education services to support the needs of current and potential homeowners. Since first becoming a HUD-approved Intermediary more than two decades ago, the NFCC has continued to evolve the channels and methods through which it supports sustainable home ownership.

Fueled by a substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new high, as transactions grew in each of the top five countries where buyers originated.

The Alliance to Save Energy released the following statement from President Kateri Callahan regarding a House Appropriations bill report to be taken up Tuesday that would slash the budget for the ENERGY STAR program by approximately 40 percent

International award-winning firm KTGY Architecture + Planning and San Francisco Bay Area office of Trammell Crow Residential (TCR) announce the groundbreaking ceremony on July 19, 2017, celebrating the redevelopment of the parking lot between Webster Street and Valdez Street at 23rd Street into a vibrant mixed-use destination that includes luxury apartment homes, retail, parking, jobs and art.