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May New Home Purchase Mortgage Applications Up 15 Percent Year over Year
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2017 shows mortgage applications for new home purchases increased 15 percent compared to May 2016. Compared to April 2017, applications increased by 4 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 9, 2017. Last week's results included an adjustment for the Memorial Day holiday.
MBA Applauds Senate Banking Committee for Advancing Pam Patenaude Nomination
David H. Stevens, CMB, President & CEO of the Mortgage Bankers Association (MBA), released the following statement following the Senate Banking Committee approving the nomination of Pam Patenaude to be the Deputy Secretary of Housing and Urban Development (HUD)
Commercial/Multifamily Mortgage Debt Tops $3 Trillion
Total commercial/multifamily debt outstanding rose to $3.01 trillion at the end of the first quarter of 2017, the first time it has broken the $3 trillion mark. Multifamily mortgage debt outstanding rose to $1.17 trillion, an increase of $23.4 billion, or 2.0 percent, from the fourth of quarter of 2016.
The World’s Top Real Estate Leaders to Gather in Los Angeles for the Urban...
Nearly 7,000 of the world’s foremost leaders in the real estate and land use industry will convene at the Urban Land Institute’s (ULI) 2017 Fall Meeting, set for October 23-26 at the Los Angeles Convention Center. ULI is a global, multidisciplinary, member-driven real estate organization dedicated to responsible land use and building thriving, sustainable communities.
Urban Land Institute to Partner with 100 Resilient Cities – Pioneered by The Rockefeller...
The Urban Land Institute (ULI) has announced a partnership with100 Resilient Cities – Pioneered by the Rockefeller Foundation(100RC), becoming a part of their Platform of Partners. In this capacity, ULI will be offering expertise on building for resilience to a select group of 100RC cities, as they design and implement their comprehensive Resilience Strategies
HUD, HOUSING AUTHORITIES CELEBRATE FATHER’S DAY
In commemoration of Father’s Day 2017,the U.S. Department of Housing and Urban Development (HUD) is joining with communities throughout the countryto celebrate fatherhood and family through HUD’s National Father’s Day Initiative.
O-Cedar partners with Habitat for Humanity to help make new homes shine
O-Cedar has joined a new partnership with Habitat for Humanity, committing to donate products to help with on-site cleanup and post-construction deep cleans to get houses ready for Habitat homeowners
CAP’s Marc Jarsulic on Treasury’s Financial Regulation Report
Marc Jarsulic, vice president of economic policy at CAP, released the following statement on a U.S. Department of the Treasury report that outlines recommendations for regulatory reform.
NCRC Statement on the U.S. Treasury’s Report
Today, in response to the U.S Treasury Department’s report on the financial system, NCRC’s President and CEO John Taylor made the following statement. “Obviously, we are disappointed by the Treasury report’s recommendations to repeal several key consumer protections.”
Construction Input Prices Flat, but Crude Petroleum Prices Plummet in May, ABC Says
Construction input prices remained unchanged in May, ending five consecutive months of price expansion, according to analysis of Bureau of Labor Statistics data released today by Associated Builders and Contractors. Construction input prices expanded 3.4 percent on a year-over-year basis.
July 7 BSSC Webinar on Wood Light-Frame Construction
The National Institute of Building Sciences Building Seismic Safety Council (BSSC) will host the fifth webinar in its 2017 series sponsored by the Federal Emergency Management Agency (FEMA). The free webinar, “Design of Seismic Force-Resisting Systems in Wood Light-Frame Buildings,” will be held Friday, July 7, 2017, from 2:00 pm to 3:00 pm ET (11:00 am to 12:00 pm PT)
BEST5 Technical Committee Extends Call for Abstracts
The National Institute of Building Sciences Building Enclosure Technology and Environment Council (BETEC) and the Building Enclosure Council – Philadelphia are extending the deadline to submit abstracts for papers for presentation at the fifth BEST Conference Building Enclosure Science and Technology™ (BEST5), to be held April 16 – 18, 2018 at the historic Loews Hotel in Philadelphia, Pennsylvania.
Appraisal Institute Honors 9 National Award Winners
William T. Anglyn, MAI, of Marietta, Georgia; and Donald S. Boucher Sr., SRA, of Orange, Virginia, were honored Saturday with the Appraisal Institutes Lifetime Achievement Award and Woody R. Fincham, SRA, AI-RRS, of Charlottesville, Virginia, was named the
Share Interior Expands Information Sharing Initiative to Prevent Drone Incursions over Wildland Fires
Building on recent initiatives to prevent privately operated Unmanned Aircraft Systems (drones) from interfering with Federal, state, and local wildland firefighting activity, the Department of the Interior announced today that it is expanding and enhancing its wildfire location data-sharing program for 2017.
Alliance To Save Energy Honors Morocco, U.S. Senators With Energy Efficiency Visionary Awards
The Alliance to Save Energy honored King Mohammed VI of Morocco and U.S. Sens. Jeanne Shaheen, D-N.H., and Rob Portman, R-Ohio, with EE Visionary Awards recognizing pioneering leadership in energy efficiency
Advocates Plan Day of Action on July 29 to Call for Greater Federal Investments...
The Campaign for Housing and Community Development Funding (CHCDF) and other state, local, and national leaders call on advocates, elected officials, and concerned citizens to participate in the Our Homes, Our Voices day of action on July 29 to bring more attention to America’s affordable housing crisis
Statement from Diane Yentel, President and CEO of the National Low Income Housing Coalition,...
The National Low Income Housing Coalition (NLIHC) commends Senator Tim Kaine (D-VA) and his colleagues for introducing the “Fair and Equal Housing Act of 2017.” Joining Senator Kaine as original cosponsors of the legislation are U.S. Senators Tammy Baldwin (D-WI), Chris Van Hollen (D-MD), Elizabeth Warren (D-MA), Maggie Hassan (D-NH), Patrick Leahy (I-VT), Kirsten Gillibrand (D-NY), Ron Wyden (D-OR), Ed Markey (D-MA),
5 Root Causes for U.S.’s Depressed Homeownership Rate: New Study
Despite steadily improving local job markets and historically low mortgage rates, the U.S. homeownership rate is stuck near a 50-year low because of a perverse mix of affordability challenges, student loan debt, tight credit conditions and housing supply shortages
High Cost of Rental Housing in the U.S. is Out of Reach for Millions
A new report released today by the National Low Income Housing Coalition (NLIHC), Out of Reach: The High Cost of Housing, reveals that on average a full-time worker in the U.S. must earn $21.21 per hour to afford a modest two-bedroom apartment and $17.14 to afford a one-bedroom apartment. The report indicates that housing costs are “out of reach” for both for the average renter and for millions of low-wage workers, seniors and people with disabilities living on fixed incomes, and other low-income households