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MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 1.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 7, 2017.
ABI

Former U.S. Energy Secretary Spencer Abraham to Examine E&P Industry Recovery, Future Policy at...

Former Senator and U.S. Energy Secretary Spencer Abraham will be providing the luncheon keynote at the Annual Spring Meeting on Friday, April 21. Currently a principal in the Washington, D.C., office of Blank Rome Government Relations LLC, Abraham served for four years as Secretary of Energy for under President George W. Bush, and six years as a U.S. Senator.
NAR

Affordability, Tight Supply Cause Vacation Home Sales to Plummet in 2016; Investment Sales Climb...

Last year’s strongest pace of home sales in a decade included a sizeable drop in activity from vacation buyers and a jump from individual investors, according to an annual second-home survey released today by the National Association of Realtors®. The survey additionally found that vacation and investment buyers in 2016 were more likely to take out a mortgage and use their property as a short-term rental
DCHFA

DCHFA Finances a Fourth Project at The Yards

The District of Columbia Housing Finance Agency (DCHFA) issues $55 million (long term tax exempt bonds) in acquisition and construction financing for Guild (1346 4th Street SE) a new apartment building with 39 of its 191 units reserved for residents earning at or below 50 percent of the area median income. The affordable units will be interspersed with the market rate units creating an income diverse community.
Appraisal Institute

New Appraisal Institute Book Addresses Challenges of Valuing Mobile Homes

The popularity of mobile homes and recreational vehicles will continue to grow as manufacturers offer new design concepts and aging baby boomers look for affordable housing and travel options, according to a new book by the Appraisal Institute.
AGC

CONSTRUCTION EMPLOYMENT INCREASES BY 6,000 IN MARCH TO HIGHEST LEVEL SINCE 2008; SMALL JOB...

Construction employment increased by 6,000 jobs in March as a February hiring surge prompted by mild winter weather in much of the country prompted firms to hire fewer people last month, according to an analysis of new government data by the Associated General Contractors of America. Association officials said declining public-sector investments in construction and infrastructure could impact future construction hiring unless the administration and Congress enact a new funding measure
NMHC

NMHC 50 Lists Show Continued Apartment Demand

The apartment sector continued its record run, reflected in the National Multifamily Housing Council’s (NMHC) newly released 2017 NMHC 50 – the authoritative ranking of the nation’s largest apartment owners, manager, developers, general contractors, and, new this year, syndicators.
MBA

Mortgage Bankers’ Commercial/Multifamily Originations Totaled $491 Billion in 2016

Commercial and multifamily mortgage bankers closed $490.6 billion of loans in 2016, according to the Mortgage Bankers Association's (MBA) 2016 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation released today
MBA

Jumbo, Government Loans Drive Mortgage Credit Availability Increase in March

Mortgage credit availability increased in March 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
MBA

MBA Statement on the Protecting Americans from Credit Entanglements (PACE) Act

MBA President & CEO David H. Stevens, CMB made the following statement regarding yesterday's introduction of S.838 and H.R. 1958, the Protecting Americans from Credit Entanglements (PACE) Act.
NLIHC

National Low Income Housing Coalition Applauds Introduction of The Ending Homelessness Act of 2017

The National Low Income Housing Coalition (NLIHC) commends U.S. Representative Maxine Waters (D-CA) for introducing the “Ending Homelessness Act of 2017,” a comprehensive plan to ensure the lowest income people and families America have safe, decent, and affordable homes.
NAR

Majority of Realtors® Say Clients Interested in Sustainability

Growing consumer interest and demand for greener, more sustainable properties is driving a dialogue between Realtors® and homebuyers and sellers. Over half of Realtors® find that consumers have interest in real estate sustainability issues and practices, according to the National Association of Realtors®’ recent REALTORS® and Sustainability report
NAR

VA Home Loan Program Marked by Strong Underwriting, but Appraisers Raise Concerns

Challenges facing real estate appraisers servicing the Veterans Affairs were under Congress’s microscope this week as the National Association of Realtors® and other industry leaders took to Capitol Hill to hail the continued success of the VA Home Loan Guaranty Program.
NAR

With National Flood Insurance Program Expiring in Six Months, Realtors® Sound the Alarm

On September 30, just six months from today, the National Flood Insurance Program will expire. The National Association of Realtors® is working closely(link is external) with federal regulators and members of Congress to strengthen the program(link is external) and clear the way for a private market to take hold; NAR has also issued a series of principles(link is external) to improve access and affordability for consumers.
Natural Resources

Panel Calls for Congressional Action to Expand Hydropower Infrastructure

The Subcommittee on Water, Power and Oceans discussed two bills that would expand hydropower infrastructure and clean energy for communities in Alaska and across the West
NLIHC

National Low Income Housing Coalition Announces Two New Members of the Board of Directors,...

The National Low Income Housing Coalition (NLIHC) board of directors unanimously voted onto its board two new members on April 4: National Alliance to End Homelessness (NAEH) President and CEO Nan Roman and Housing Opportunities Commission (HOC) of Montgomery County Director of Legislative and Public Affairs Shauna M. Sorrells. Ms. Roman and Ms. Sorrells each bring to the board decades of leadership in combating homelessness and housing poverty
AGC

CONSTRUCTION ASSOCIATION UNVEILS STEPS TO IMPROVE WORKER SAFETY AS 239 OUT OF 358 METRO...

The Associated General Contractors of America unveiled a new study designed to improve the safety of construction workers as it announced that two-thirds of metro areas added construction jobs during the past 12 months. Association officials said the new safety study is designed to help construction firms prevent workplace fatalities and injuries.
NAHB

New Homes Strengthen Economy, Spur Job Growth

As the housing industry celebrates New Homes Month in April, newly released data from the U.S. Commerce Department confirms the significant contribution that residential construction has on the U.S. economy
HUD - U.S. Department of Housing and Urban Development

HUD MARKS NATIONAL FAIR HOUSING MONTH

This year marks the 49th anniversary of the Fair Housing Act, landmark legislation that became law on April 11, 1968. Today, the U.S. Department of Housing and Urban Development (HUD) kicked off Fair Housing Month 2017 at its national headquarters.
MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 31, 2017.