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Existing-Home Sales Maintain Solid Growth in July
Existing-home sales steadily increased for the third consecutive month in July, while stubbornly low inventory levels and rising prices are likely to blame for sales to first-time buyers falling to their lowest share since January, according to the National Association of Realtors
GRESB Performance Indicators: Why, how, what?
Ever since GRESB was started, performance indicator data from real estate portfolios has been part of its assessment. Due to the importance of this Aspect in the GRESB Survey and the impact it has on participants’ organizations in how they structure their data collection processes in order to be able to report the requested data, it’s a frequently discussed topic amongst GRESB participants, their consultants, property managers, data providers, as well as their investors.
CAP Housing Expert: FHFA Misses the Mark on Promoting Homeownership for Low-Income Borrowers and...
The Federal Housing Finance Agency, or FHFA, released its rule establishing affordable housing goals for 2015 to 2017. The affordable housing goals are a primary measure of Fannie Mae’s and Freddie Mac’s success in fulfilling their charter obligations to provide access to credit in all communities. Julia Gordon, Senior Director of Housing and Consumer Finance at the Center for American Progress, issued the following statement in response to FHFA’s announcement
NCRC Reacts to Final Affordable Housing Goals Issued by Federal Housing Finance Agency
In response to the Federal Housing Finance Agency’s (FHFA) release of its final affordable housing goal rule for Fannie Mae and Freddie Mac for 2015-2017, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement
Federal Housing Administration’s Rule Setting Affordable Housing Goals
The Federal Housing Finance Agency (FHFA) issued a final rule setting affordable housing goals for Fannie Mae and Freddie Mac (the GSEs). Affordable housing goals are meant to ensure that people in lower-wealth communities have access to homeownership and affordable rental housing.[1] FHFA announced that its' single-family, low-income home purchase goal for 2015-2017 would be set at a conservative 24 percent, and that the dual-part market and benchmark test that determines if goals are met would remain unchanged.
Roofing Regulations Stronger on Gulf Coast 10 Years after Katrina: New IBHS Study Shows...
According to new research by the Insurance Institute for Business & Home Safety (IBHS), stronger building codes and standards, along with more stringent requirements for inspections, building permits, and contractor licensing, all have contributed to safer, stronger roofs in coastal Alabama, Louisiana and Mississippi, since Katrina tore into the region 10 years ago
Top 250 Latino Agents to Gather at NAHREP National Convention & Latin Music Festival
With a closing average of 83 units and $16 million in transaction volume in 2015, the National Association of Hispanic Real Estate Association's® (NAHREP) Top 250 Latino Agents have been invited to receive special recognition at NAHREP's 2015 National Convention & Latin Music Festival to be held at the downtown Chicago Hilton September 20 – 22, 2015.
Deadline Approaching: Sign Up to Voice Your View on Productivity in the Workforce
National Institute of Building Sciences will conduct a representative hearing on productivity and the workforce on September 25, 2015, in Washington, D.C. The hearing, which is being sponsored by Autodesk and supported by the International Code Council, will provide an opportunity for representatives from the planning, design, construction, operations, ownership, finance, insurance, regulatory, manufacturing, academia and other segments of the U.S. building industry to speak about the challenges they face and offer potential solutions.
Refinance Applications Drive Increase in Latest MBA Weekly Survey
Mortgage applications increased 3.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending August 14, 2015
U.S. Green Building Council Announces LEED for Homes Award Winners
The U.S. Green Building Council (USGBC) has announced the recipients of its annual LEED for Homes Awards, recognizing projects, developers and homebuilders that have demonstrated outstanding leadership and innovation in residential green building. The awards are given to outstanding multi- and single-family residential and affordable housing projects as well as builders and developers
District Court for the Middle District of Tennessee Grants MERS’ Motion to Dismiss
MERSCORP Holdings, Inc. today announced that the United States District Court for the Middle District of Tennessee Nashville Division granted MERS’ motion and dismissed a borrower lawsuit challenging MERS’ role in a Tennessee deed of trust.
Average American Household Pays $1,100 a Year to Fuel the Nation’s Trucking Fleet
At a public hearing on increasing national fuel-efficiency standards for medium- and heavy-duty trucks, the Consumer Federation of America’s director of public affairs and vehicle expert Jack Gillis presented the results of two national surveys demonstrating that consumers understand that the cost of fuel inefficient trucks is passed on to them and that they would like to see standards requiring increased fuel efficiency.
New Report Ranks SEIA a Top “Social Media Savvy Association”
Boosted by its exploding popularity on Facebook, the Solar Energy Industries Association’s (SEIA) social media efforts have been recognized as some of the best in the nation, according to the 2015 Social Media Report published by Association TRENDS
Single-Family Gains Push Housing Starts to Highest Level Since 2007
Led by a strong jump in single-family production, nationwide housing starts inched up 0.2 percent to a seasonally adjusted annual rate of 1.206 million units in July, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This is the highest level since October 2007.
Architecture Firm Compensation Back on an Upward Trajectory
Though U.S. architecture firms are still recovering from the Great Recession, overall business conditions are improving allowing an increase in compensation for architecture positions. Compensation across the profession increased an average of 1.8 percent per year over the 2013–2014 period, with growth occurring in every architectural staff category, according to the American Institute of Architects (AIA)
Builder Confidence Rises One Point in August
Builder confidence in the market for newly built, single-family homes in August rose one point to a level of 61 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the highest reading since November 2005.
National Association of Real Estate Brokers Supports FHFA Steps to Expand Homeownership
The President of the National Association of Real Estate Brokers (NAREB), Donnell Spivey, commended recent action taken by the Federal Housing Finance Agency (FHFA) to expand homeownership for more Americans. Under the leadership of FHFA Director Mel Watt, on October 21, 2014, the agency announced that Fannie Mae and Freddie Mac, along with lenders, have reached an agreement to ease the representation and warranty requirements for lenders that sell mortgage loans to Fannie Mae and Freddie Mac
Affordable Workforce Housing Breaks Ground in the Heart of Sonoma Springs
County leaders and other supporters join MidPen in celebrating the groundbreaking of Fetters Apartments, 60 affordable apartments for families in Fetters Hot Springs, Sonoma. On Friday August 14th, Sonoma County Supervisor Susan Gorin joined other county leaders to celebrate the groundbreaking of Fetters Apartments – an affordable, workforce rental apartment community being developed by MidPen Housing in the heart of Sonoma Springs
Join the Discussion on Ways to Improve Building Science Education in North America
The National Institute of Building Sciences (NIBS) and ASTM International (ASTM) will explore the state of building science education in North America and collaborate to examine ways to improve educational training and curriculum development at the second Workshop on Building Science Education in North America: Building Bridges and Bridging the Gap.
PLF asks High Court to hear an important “relevant parcel” property rights case
Government should not be permitted to tell property owners, in essence, “the more land you own, the less you’ll be allowed to use.” So argue Pacific Legal Foundation attorneys in asking the U.S. Supreme Court to hear the constitutional takings case of Donna Murr and her siblings Joseph Murr, Michael Murr, and Peggy Heaver. They have been barred from developing a vacant lot they own along the St. Croix River, in St. Croix County, Wisconsin — and a state appellate court said they weren’t entitled to Fifth Amendment takings compensation because they also own a neighboring lot with a recreational cabin on it