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Remodeling Market Index Posts Tenth Straight Quarter in Positive Territory
The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 57 in the third quarter of 2015, two points below the previous quarter. However, this is the tenth straight quarter it has been above the key break-even point of 50
Housing Recovery to Pick Up Steam in 2016, but Challenges Remain
Steady employment and economic growth, pent-up demand, affordable home prices and attractive mortgage rates will keep the housing market on a gradual upward trend in 2016. However, persistent headwinds related to shortages and availability of lots and labor, along with rising materials prices are impeding a more robust recovery, according to economists who participated in yesterday’s National Association of Home Builders (NAHB) Fall Construction Forecast Webinar
MBA Report: Multifamily Lending Jumped 13 Percent in 2014
In 2014, 2,876 different multifamily lenders provided a total of $195.1 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association (MBA) 2014 Report on Multifamily Lending. The 2014 dollar volume represents a 13 percent increase from 2013 levels. Sixty-five percent of the active lenders made five or fewer multifamily loans over the course of the year
Miami Positioned for Continued Commercial Growth, Experts say at RCA MIAMI Super
Miami has evolved into one of the world’s top places for commercial real estate investment, and the area’s population boom, tourist growth, and infrastructure improvements should only lead to more expansion, a prestigious panel of speakers said at the 15th annual Commercial Super Conference hosted by the Realtors Commercial Alliance
Pollack Shores Real Estate Group in Atlanta Named 2015 Development Firm of the Year...
Pollack Shores Real Estate Group, based in Atlanta, was named Multifamily Development Firm of the Year by the National Association of Home Builders (NAHB) as part of the association’s Multifamily Pillars of the Industry Awards.
Homes Sales and Prices up in September; Strongest Third Quarter in 8 Years
Homes sales and sale prices continue their steady upward trend in Iowa in September. This is the strongest third quarter Iowa has seen in 8 years. The median sale price rose 5.9 percent from September of last year. The median price was $131,750 in September 2014 compared to $139,500 this year.
Lawsuit Forces Potomac River Plant to Halt Water Pollution Violations and Pay for Millions...
The Washington Suburban Sanitary Commission (WSSC) voted today to sign a consent decree settling a lawsuit filed by environmental organizations over millions of pounds of pollution being dumped into the Potomac River from its water filtration plant in Potomac, Maryland
Government Applications Drive Increase in Latest MBA Weekly Survey
Mortgage applications increased 11.8 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 16, 2015. This week's results include an adjustment to account for the Columbus Day holiday.
NAR President Testifies before House Subcommittee in Support of FHA Reforms
At a hearing today before the U.S. House Financial Services Subcommittee on Housing and Insurance, National Association of Realtors® President Chris Polychron offered support for H.R. 3700, the "Housing Opportunity Through Modernization Act of 2015."
Vermont Land Trust Will Purchase Bluffside Farm
Newport’s Bluffside Farm will be the focus of a new farmland conservation and public access project, the Vermont Land Trust (VLT) announced today.Based on a show of interest and support from the residents of the City of Newport at a public meeting on September 14, 2015, VLT has negotiated a Purchase and Sales contract for the 129-acre property ahead of the scheduled October 23 foreclosure auction.
California housing affordability continues to decline
The percentage of home buyers who can afford to purchase a median-priced home in California is declining. The sharp increase in housing demand has led to skyrocketing home prices, shutting out a large percentage of the potential home buyers. The latest California Association of REALTORS® housing affordability report indicates every region in the state, except Kings County, posted lower affordability in the second quarter compared to the previous quarter
Massachusetts Association of REALTORS® and Greater Boston Real Estate Board Testified on Behalf of...
Increasing the opportunity for aspiring homeowners to be able to live and work in Massachusetts was the goal of officials from the Massachusetts Association of REALTORS® and the Greater Boston Real Estate Board when they testified yesterday in support of the H.O.M.E. Bill before the Joint Committee on Community Development and Small Businesses at Massachusetts State House.
Heart of America Stand Down for Homeless Veterans Needs Your Help!
Please urge them to come to the Heart of America Stand Down on November 6. Homeless and at risk Veterans in Kansas City receive clothing, shoes and boots, toiletries, haircuts, ongoing community services (including housing, educational, employment, and medical assistance) from more than 100 organizations, and a hot lunch.
Peoples’ Self-Help Housing Cuts Ribbon on 43 Affordable Apartments in Carpinteria
Peoples’ Self-Help Housing cut the ribbon on its 45th affordable project, Casas de las Flores, on Thursday Oct. 15 during a ceremony celebrating completion of the long-awaited, 43-unit complex at 4096 Via Real.
Peoples’ Self-Help Housing Announces Honorary Committee Co-Chairs for 45th Anniversary Gala, Auction
Peoples’ Self-Help Housing is proud to announce the honorary co-chairs for its 45th Anniversary gala dinner and auction, the Central Coast Taste of Hope, to be held Nov. 13. Husband and wife David and Alyce Boyd, and husband and wife Richard and Karen Schloss Heimberg will serve as honorary co-chairs for the special event at the Santa Barbara Historical Museum in celebration of PSHH providing affordable housing on the Central Coast for 45 years.
Scientific and Technical Experts Wanted to Resolve Flood Map Challenges
The National Institute of Building Sciences is seeking qualified scientific and technical professionals from the public, private and academic sectors to serve on Scientific Resolution Panels (SRPs) responsible for recommending to the Federal Emergency Management Agency (FEMA) resolutions to community challenges to FEMA’s National Flood Insurance Program flood maps.
Top Tips to Get Your Home Ready for Winter Weather
To help prepare your home for the winter weather, the National Association of Home Builders (NAHB) Remodelers has provided home maintenance tips that are designed to increase energy-efficiency and decrease the chance of emergency repairs.
Multifamily Gains Push Housing Starts Up 6.5 Percent in September
Led by a jump in multifamily production, nationwide housing starts increased 6.5 percent to a seasonally adjusted annual rate of 1.206 million units in September from an upwardly revised August reading, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Multifamily starts rose 18.3 percent to a seasonally adjusted annual rate of 466,000 units while single-family production edged up 0.3 percent to 740,000 units.
2015 Class of LEED Fellows Announced
Green Business Certification Inc. (GBCI) today announced its 2015 class of LEED Fellows. This year’s 35 Fellows are being honored for their outstanding work as LEED professionals and for the significance of their contributions to the green building community at large. The LEED Fellow designates the most exceptional professionals in the green building industry, and it is the most prestigious designation awarded from GBCI
MBA’s Future Leaders Program Graduates 57 Residential and Commercial/Multifamily Real Estate Finance Professionals
The Mortgage Bankers Association (MBA) today recognized a total of 57 mortgage professionals -- 34 from the residential market segment and 23 from the commercial/multifamily market segment -- in a graduation ceremony for MBA's Future Leaders Program held at MBA's Annual Convention & Expo in San Diego, California.
