Pro Builder

MAY 6, 2022

Fed Moves Full Speed Ahead With Tighter Monetary Policy. The Fed is preparing to introduce a series of aggressive rate hikes after a 25 basis point increase in March followed by a recent 50 basis point gain, the largest rate increase in over two decades, Eye on Housing reports. Housing Policy + Finance.

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Finance Housing Inventory Forecasting 98

Pro Builder

SEPTEMBER 26, 2022

The rising costs of land, materials, and fees are making it nearly impossible to build affordable housing for first-time buyers. According to the New York Times, as recently as 25 years ago, builders were able to sell newly built houses of 1,400 square feet with two to three bedrooms for $125,000 or less. Housing Policy + Finance.

Debt 98

Debt Finance Housing New York 98

Pro Builder

DECEMBER 28, 2021

Conforming loan limits will increase in about 100 pricey housing markets as 2021 comes to a close. Across most housing markets, loan limits for conforming loans acquired by Fannie Mae and Freddie Mac will increase from $548,250 to $647,200 in 2020, a $98,950 increase to account for changes in home prices. Housing Policy + Finance.

Finance 95

Finance United States Housing Washington 95

Pro Builder

FEBRUARY 7, 2022

Higher rates will impact affordability, but housing inventory will remain a much higher priority for builders, particularly after month-end active listings reached a historic low of 1,184 from December 2021 to January 2022. Housing Policy + Finance. Housing Policy + Finance. Affordability.

Finance 99

Finance Inventory Housing Employment 99

Pro Builder

JUNE 12, 2023

HUD Secretary Addresses NAHB Members and Calls for More Affordable Housing Development ldeakins Mon, 06/12/2023 - 11:19 U.S. Housing and Urban Development Secretary Marcia Fudge urged members attending the National Association of Home Builders' Spring Leadership Meetings in Washington, D.C., million homes, U.S.

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NAHB Housing Finance Estimating 52

Pro Builder

JUNE 12, 2023

HUD Secretary Addresses NAHB Members and Calls for More Affordable Housing Development ldeakins Mon, 06/12/2023 - 11:19 U.S. Housing and Urban Development Secretary Marcia Fudge addressed NAHB members in the nation's capital on Thursday to encourage more affordable housing production across the nation U.S. on Thursday.

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NAHB Housing Finance Estimating 52

Pro Builder

MAY 5, 2023

HUD Donates $382 Million for Affordable Housing Development ldeakins Fri, 05/05/2023 - 11:45 Each state will be provided with Housing Trust Fund allocations to increase the supply of affordable housing for extremely low- and very low-income households The U.S.

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Housing Income Finance Products 52

Pro Builder

MAY 5, 2023

HUD Donates $382 Million for Affordable Housing Development ldeakins Fri, 05/05/2023 - 11:45 Each state will be provided with Housing Trust Fund allocations to increase the supply of affordable housing for extremely low- and very low-income households The U.S.

Housing 52

Housing Income Finance Products 52

Pro Builder

APRIL 18, 2023

Top 10 Ivory Innovations Finalists for the 2023 Housing Affordability Prize qpurcell Tue, 04/18/2023 - 09:57 Yesterday, Ivory Innovations announced the Top 10 Finalists for the 2023 Ivory Prize for Housing Affordability. The 2023 Ivory Prize Winners will be announced on May 24, 2023, at PCBC in Anaheim, California.

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Innovation Housing Zoning Denver 98

Pro Builder

MARCH 27, 2023

The rental market also faces a widening supply shortage that is contributing to higher prices, and because rent control could force housing providers to absorb essential maintenance costs and reduce investments in improvements, many would ultimately consider selling their assets.

Finance 52

Finance Housing Inventory Regulation 52

Pro Builder

MAY 4, 2023

Read more Financing Housing Policy + Finance Economics Financing But according to Realtor.com, this latest rate hike may not lead to a rise in mortgage rates. But they could settle below 6% within the next year or so, says Robert Dietz, chief economist of the National Association of Home Builders.

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News Finance Housing Plans 98

Pro Builder

JANUARY 20, 2021

How Biden Plans to Address Housing Affordability. Joe Biden has big plans for the housing market, and especially for housing affordability. CNBC says Biden’s housing plan could relieve buyers by easing the pressure on home prices and supply. Housing Policy + Finance. Housing Policy + Finance.

Housing 105

Housing Plans Finance Inventory 105

Pro Builder

SEPTEMBER 2, 2021

White House Unveils Plan for 100,000 Affordable Homes. The plan will cover rural and urban housing projects, with a focus on aiding communities of color, where home ownership rates have lagged historically. The United States has an estimated shortage of as many as 4 million affordable housing units, White House officials say.

Housing 98

Housing Plans Finance Philadelphia 98

Pro Builder

JUNE 15, 2023

Home prices are also expected to fall during the next six months as housing activity slows and shelter inflation eases. Activity in the housing sector remains weak, largely reflecting higher mortgage rates,” Fed Chair Jerome Powell said during a Wednesday press conference. year-over-year jump and is a major drop from the 9.1%

Housing 52

Housing Finance Conference 52

Pro Builder

JUNE 28, 2021

In order to assist more lower-income homebuyers and close the racial homeownership gap, the Federal Housing Administration (FHA) will change the way it reviews an applicant’s student loan debt. Under the new policy, FHA will abandon the 1% assumption in favor of a calculation that better reflects what borrowers actually pay monthly.

Debt 98

Debt Income Finance Cleveland 98

Pro Builder

MARCH 16, 2023

While many economists agree that measures need to be taken to increase housing supply and resolve a widening affordability crisis, most unanimously argue against such policies. Just 2% of economists polled by IMG felt rent controls in places such as New York and San Francisco were having a positive impact on affordable housing.

IDEA 52

IDEA San Francisco Finance Equity 52

Pro Builder

APRIL 8, 2021

Can Looser Zoning Rules Help the Housing Shortage? President Biden’s infrastructure plan will set aside $5 billion for a grant program aimed at tackling “exclusionary” zoning laws that inflate housing costs. Housing shortages are not exclusive to dense cities such as Boston and San Francisco, but metros such as Grand Rapids, Mich.

Zoning 98

Zoning Housing San Francisco Sewer 98

Pro Builder

MARCH 27, 2023

Oregon Takes Action to Tackle Its Housing Shortage ibush Mon, 03/27/2023 - 13:46 Oregon moves to address its housing crisis and boost new housing development as quickly as possible Since the Great Recession, in Oregon, as in many other U.S. We must build more housing,” said Oregon Gov.

Oregon 52

Oregon Housing Finance Plans 52

Pro Builder

APRIL 12, 2021

Biden Proposes 15% Budget Increase for HUD Aimed at Affordable Housing. Department of Housing and Urban Development’s budget by 15%, with funds aimed at boosting affordable housing. Realtor.com’s senior economist and the HUD secretary see this as a step forward, but some housing experts remain skeptical. cbroderick.

Budgeting 102

Budgeting Budget Housing Income 102

Pro Builder

MARCH 31, 2023

Federal Housing Grant Provides $13M to Fight Homelessness in Central Florida ldeakins Fri, 03/31/2023 - 11:14 A $13 million grant from the U.S. Department of Housing and Urban Development will be used to fund programs working to end homelessness across Central Florida A $12.66 million federal housing grant, announced by the U.S.

Florida 52

Florida Housing Finance Organization 52

Pro Builder

SEPTEMBER 27, 2022

Moody's Analytics: 210 Regional Housing Markets Were Overvalued by More Than 25% in the 2nd Quarter of 2022. A housing correction looms, with some markets seeing housing activity slowing and home prices falling. Since earlier this year, housing analysts have been going back and forth about the stability of the housing market.

Housing 52

Housing Finance Risk 52

Pro Builder

MAY 5, 2022

In a letter directed to the White House on Wednesday, the National Association of Home Builders appealed to President Biden for assistance with supply chain disruptions, which are sending the cost of building materials to a record high. NAHB member firms are slated to construct about 80% of the new housing units projected for this year.

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NAHB Housing Finance Regulation 98

Pro Builder

JUNE 9, 2023

The new investment would supplement the city’s current $10 million housing opportunity fund as well as other programs designed to increase affordable housing availability. The bond issue is expected to generate anywhere from $25 million to $42 million for affordable housing, a top priority of Mayor Ed Gainey.

Housing 52

Housing Finance Office Design 52

Pro Builder

JUNE 8, 2023

Implementing a land value tax in Detroit requires a law change at the state legislature, but if successfully legalized, Detroit’s new tax structure could serve as a model for the nation in a wider effort to add more rental supply and resolve the housing affordability crisis.

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Detroit Modeling Plans Finance 52

BD+C

DECEMBER 14, 2023

What's next for affordable housing in 2024? 0 qpurcell Thu, 12/14/2023 - 15:40 Affordable Housing As 2023 draws to a close, GBBN’s Mary Jo Minerich and Amanda Markovic, AIA sat down to talk about the future. What’s next in terms of trends, technology, and construction of affordable housing? Where is it taking place?

Housing 105

Housing AIA Sustainability Income 105

Pro Builder

MAY 27, 2021

Detroit Housing Revitalization Program Serves as Example for Biden's Plan. A neighborhood revitalization program in Detroit now serves as an example for a proposed housing initiative. Part of the plan would offer $20 billion in tax credits to developers who would renovate properties, hoping to ease the single-family housing shortage.

Detroit 98

Detroit Revit Housing Plans 98

Pro Builder

NOVEMBER 3, 2022

As the Federal Reserve continues to raise its short-term rates to cool inflation and slow the housing market, prospective buyers are desperate for a reprieve . Given this intended policy stance, a hard landing with a mild economic recession is, in our view, highly likely. Housing Policy + Finance. Financing.

Finance 52

Finance DOT NAHB Housing 52

Pro Builder

JANUARY 27, 2023

National Association of Home Builders' chairman Jerry Konter called Biden’s approach the “wrong strategy” due to its lack of market-based solutions and lack of funding for new multifamily and build-to-rent (BFR) housing. Read more Housing Policy + Finance Government + Policy Affordability Housing Policy + Finance

NAHB 52

NAHB Housing Discrimination Finance 52

Pro Builder

JUNE 22, 2023

Maxine Waters Proposes Billions to Help Low-Income Homebuyers ldeakins Thu, 06/22/2023 - 12:30 The new proposal aims to significantly expand funding for low-income housing California Representative Maxine Waters introduced three bills on Wednesday that would expand low-income housing and narrow the country’s racial wealth gap.

Income 52

Income California New York Housing 52

Pro Builder

DECEMBER 2, 2022

Homebuyers in costly markets could soon be eligible for $1 million mortgages with just a 3 percent deposit thanks to a new loan cap from the Federal Housing Finance Agency. Housing Policy + Finance. Housing Markets. Housing Policy + Finance. Fri, 12/02/2022 - 10:24. Affordability.

Los Angeles 52

Los Angeles Finance Housing New York 52

Pro Builder

FEBRUARY 1, 2022

When Tackling Inflation, Addressing Soaring Housing Costs Must Come First, Experts Say. Rising home prices and surging inflation go hand in hand, and until the affordable housing crisis is addressed, the cost of living will keep climbing higher. Housing Policy + Finance. Housing Policy + Finance.

Housing 98

Housing Finance Renovating Zoning 98

Pro Builder

JANUARY 19, 2022

Mortgage rates are at their highest levels since March 2020, and more gains could price some buyers out of the housing market altogether. A surge in first-time homebuyer applications is likely driven by high housing demand heading into a typically busy spring market. Housing Policy + Finance.

Finance 98

Finance Housing Contract 98

Pro Builder

MAY 2, 2022

Builders and Sacramento County officials are advocating for housing policy changes to allow infill projects in single-family neighborhoods. Recent streamlining efforts stem from a 2019 state grant allocated to reviewing and modify local ordinances to increase housing supply. . Infill Housing. Housing Policy + Finance.

Sacramento 52

Sacramento Zoning Finance Housing 52

Pro Builder

MAY 19, 2022

Biden’s Housing Supply Action Plan Is Hopeful, But Its Future Depends on Congress. Biden's recently announced housing proposal offers a solution to fast-track new housing supply, but it first needs Congressional approval. One directs pandemic recovery funds to develop affordable housing. Government + Policy.

Housing 52

Housing Plans Finance Budgeting 52

Pro Builder

FEBRUARY 23, 2023

Under the new initiative, the Federal Housing Administration will reduce mortgage insurance premiums by 0.3 Under the new initiative, the Federal Housing Administration will reduce mortgage insurance premiums by 0.3 households save an average of $800 in the year ahead, the White House claims.

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Plans Insurance Income Debt 52

Pro Builder

OCTOBER 25, 2022

Rising inflation and high interest rates are making housing affordability a challenge for many Americans. Housing costs in larger cities like New York and Los Angeles are getting hit even harder, making the cost of living less than comfortable. Housing Markets. Housing Policy + Finance. Financials.

Los Angeles 98

Los Angeles Income New York Guidelines 98

Pro Builder

JANUARY 4, 2023

Last October, NAHB joined with two other construction industry groups in writing a letter to the White House and key cabinet secretaries asking the Biden administration to take action on the transformer shortage. Additional detail on current credit conditions for builders and developers is available on NAHB’s AD&C Financing Survey web page.

Electrical 93

Electrical NAHB Finance Housing 93