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Commercial/Multifamily Borrowing Declines 13 Percent in Third-Quarter 2022
Commercial and multifamily mortgage loan originations decreased 13 percent in the third quarter of 2022 compared to the same period last year, according to the Mortgage Bankers Association’s
IRS Seeking Guidance on Labor Provisions for Clean Energy Tax Incentives
AGC will provide the agency comments by the November 4 deadline on the reporting and documentation requirements of the new labor requirements
J.M. Huber Corporation continues partnership with Habitat for Humanity, announces commitment to increase equitable...
J.M. Huber Corporation, a global manufacturer of engineered materials that serves a broad range of industries, announced
New Home Sales Fall Back in September as Interest Rates Jump Higher
Rising mortgage rates approaching 7% along with declining builder sentiment stemming from stubbornly high construction costs and weakening consumer demand pushed new-home sales down at a double-digit rate in September.
Atlanta REALTORS® Releases September 2022 Statistics on Housing Market
Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its September 2022 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single-family residential properties.
Governor Laura Kelly Announces Nearly $25M has Supported more than 2,300 Kansas Homeowners
Governor Laura Kelly announced that six months after its launch, the Kansas Homeowners Assistance Fund (KHAF) has distributed $24.8 million in mortgage, property tax, and utility aid to 2,321 Kansas homeowners.
NAR Praises FHFA for Use of New Credit Score Models
National Association of Realtors® President Leslie Rouda Smith issued the following statement after the Federal Housing Finance Agency (FHFA) announced the validation and approval of both the FICO 10T credit score model and the VantageScore 4.0
HUD AWARDS $84 MILLION TO HELP END YOUTH HOMELESSNESS
The U.S. Department of Housing and Urban Development (HUD) today awarded $83.7 million to build systems to end youth homelessness in 17 local communities, including 6 rural
32 STATES ADD CONSTRUCTION JOBS BETWEEN AUGUST AND SEPTEMBER, AND FOR THE YEAR, EVEN...
Florida Has Largest Pickup in Jobs, While North Dakota Experiences Largest Percentage Increases, Texas & New Jersey
Governor Laura Kelly Announces Record Interest in Rural Housing Development
Governor Laura Kelly has announced that months after she signed legislation to fund the expansion of rural housing development, a record number of rural cities and counties are planning to build more homes.
Mortgage Credit Availability Decreased in September
Mortgage credit availability decreased in September according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE
2022 Housing Solutions Workshop Helps Small and Midsize Cities Address Local Housing Challenges
The NYU Furman Center’s Housing Solutions Lab, Abt Associates, and the Lincoln Institute of Land Policy announced the five cities
Remodeling Market Sentiment Softened in Third Quarter but Remains Positive
The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter, posting a reading of 77, declining 10 points compared to the third quarter of 2021.
Kansas Emergency Rental Assistance (KERA) program enters hold phase
More than 75,000 Kansans and 10,000 housing and service providers have received more than $250 million in rental and utility assistance, preventing thousands of evictions and providing vital services to more than 30,000 families at risk of losing their homes. A year and a half after the temporary initiative launched, the program is winding down and will close soon
Bellwether Housing and Mercy Housing Northwest Celebrate the Opening of Cedar Crossing
Bellwether Housing and Mercy Housing Northwest will celebrate the opening of Cedar Crossing, their new 254-apartment
NFHA Joins Housing Policy Groups in Urging the Administration to Create a National Housing...
The National Fair Housing Alliance’s (NFHA) President and CEO, Lisa Rice, joined the principals of the National Housing Conference and other national housing and lending organizations in meeting at the White House with Cabinet members and senior leaders in the Biden Administration to discuss the legislative, administrative
The Freelon at Sugar Hill, $36M Mixed-Use Development, Opens With Veterans Housing
Community leaders and supporters in Detroit gathered for the grand opening of The Freelon at Sugar Hill in Detroit’s historic midtown area on September 22. Project developers Sonya Mays
GCAAR housing stats | August ‘22
The median sold price for residential properties in the region for August was $599,000, representing an increase of 0.8% compared to last month and an increase of 2.6% from August 2021. The average days on market for units sold in August was 22 days, 16% below the 5-year August average of 26 days
Pending Home Sales Dropped 2.0% in August
Pending home sales sagged for the third straight month in August, according to the National Association of REALTORS®. Three out of four major regions experienced month-over-month decreases in transactions, however, the West saw a modest gain. Year-over-year, all four regions posted double-digit declines.
Kansas Emergency Rental Assistance awards more than $250 million to Kansans in need
More than 75,000 Kansans and 10,000 housing and service providers have received more than $250 million in rental and utility assistance, preventing thousands of evictions and providing vital services to more than 30,000 families at risk of losing their homes. A year and a half after the temporary initiative launched, the program has nearly exhausted all funds and will wind down in the coming months