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CSBS Statement on FSOC Nonbank Mortgage Servicing Report
The Financial Stability Oversight Council (FSOC) released a report on nonbank mortgage servicing, including far-reaching recommendations with potentially significant consequences for
April New Home Purchase Mortgage Applications Increased 22.1 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for April 2024 shows mortgage applications for new home purchases increased 22.1 percent compared from a
National Housing Conference applauds FHFA’s new rule enhancing fairness in the housing finance sector
The National Housing Conference’s (NHC) President and CEO David M. Dworkin released the following statement in response to
HUD Announces Co-Presenters for the 2024 Innovative Housing Showcase
The U.S. Department of Housing and Urban Development (HUD) announced the International Code Council (ICC), the Manufactured Housing Institute (MHI), the National Multifamily
NAHB Announces a 10-Point Plan to Tame Shelter Inflation, Ease the Housing Affordability Crisis
With a nationwide shortage of roughly 1.5 million housing units that is making it increasingly difficult for American families to
USGBC Joins Group Celebrating Updated Energy Efficiency Rules for New U.S.-Backed Homes
The U.S. Green Building Council (USGBC), the leading authority on green building and the global developer of the LEED green building program, joined advocates and industry groups today in
More Than 90% of Metro Areas Recorded Home Price Increases in First Quarter of...
More than 90% of metro markets (205 out of 221, or 93%) posted home price gains in the first quarter of 2024, as the 30-year fixed mortgage rate ranged from 6.60% to 6.94%, according
Statement of Jeffrey Weidell, CEO of Northmarq and MBA 2024 COMBOG Chair, on Commercial...
Jeffrey Weidell, CEO of Northmarq and 2024 Mortgage Bankers Association (MBA) COMBOG Chair, testified today at a hearing titled, "Health of the Commercial Real Estate Markets and
CONSTRUCTION SPENDING DIPS 0.2 PERCENT IN MARCH AS DECREASES IN PRIVATE NONRESIDENTIAL AND RESIDENTIAL...
Total construction spending dipped from February to March with declines in private nonresidential and residential projects that
APPLICATIONS NOW AVAILABLE FOR NEW GREEN RESILIENCY GRANT PROGRAM
President & CEO Maureen A. Coleman announced that the New York State Environmental Facilities Corporation is now accepting applications for the inaugural round of the new Green Resiliency Grant (GRG) program. Governor Kathy Hochul has made at least $60 million available for green infrastructure projects such as green roofs, green streets, and permeable pavement.
CONSTRUCTION EMPLOYMENT INCREASES IN 234 OF 358 METRO AREAS FROM MARCH 2023 TO MARCH...
Riverside-San Bernardino-Ontario, Calif., Baton Rouge, La. and Fairbanks, Alaska Top Lists of Year-over-Year Rise in Industry
New Nationwide Codes Mandate a Major Blow to Housing Affordability
Carl Harris, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Wichita, Kan., today issued the following statement after the Biden administration
Habitat for Humanity International and AbbVie celebrate successes of five-year partnership in Puerto Rico
Habitat for Humanity International and AbbVie, a research-based global biopharmaceutical company, announced today the
Pending Home Sales Ascended 3.4% in March
Pending home sales in March climbed 3.4%, according to the National Association of REALTORS®. The Northeast, South and West posted monthly gains in transactions while the Midwest recorded a loss. Year-over-year, the Northeast and South
Forcing Polluters to Clean Up Their Mess Means New Hope for Communities
In Waukegan, Illinois, about 40 miles north of Chicago, Dulce Ortiz is celebrating with her children. Ortiz is a cofounder of the local environmental justice organization Clean Power Lake County. She has been organizing for years to get coal ash waste cleaned up from the site of the retired coal power plant in her town.
Total Commercial Real Estate Borrowing and Lending Declined 47 Percent in 2023
Total commercial real estate (CRE) mortgage borrowing and lending is estimated to have totaled $429 billion in 2023, a 47 percent decrease from the $816 billion in 2022, and a 52 percent
CONSTRUCTION ASSOCIATION RELEASES FIRST-OF-ITS-KIND DECARBONIZATION PLAYBOOK TO HELP FIRMS ASSESS, TRACK & REDUCE GREENHOUSE...
New Associated General Contractors of America Resource, Which
Housing Starts Fall on Interest Rate, Financing Concerns
Housing starts fell in March with interest rates somewhat higher than expected last month as the latest inflation readings failed to show improvement. Builders are also still facing higher supply-
Existing-Home Sales Descended 4.3% in March
Existing-home sales slipped in March, according to the National Association of REALTORS®. Among the four major U.S. regions, sales slid in the Midwest, South and West, but rose in the Northeast for the first time since November 2023. Year-over-year
Paterson Youth Council to Host Financial Literacy Day at John F. Kennedy High School
In celebration of National Financial Literacy Month this April, NJCDC’s Paterson Youth Council is hosting a Financial Literacy Day event at John F. Kennedy High School this Tuesday. Paterson Youth Council members will be joined by volunteers from local financial institutions to teach JFK students about different financial literacy topics.
