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Foreclosures Up But Crisis Repeat Worries, Not So Much

Pro Builder

Although there were twice as many properties with foreclosure filings in September 2021 as in September 2020, that’s still almost 70% fewer than September 2019. Housing Policy + Finance. Housing Policy + Finance. And the number of foreclosure filings is still lower than it was prior to the pandemic.

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ESG Disclosure Simplification Act Passes Committee But Will Fail

Green Building Law Update

On September 20, 2019, the Financial Services Committee in the U.S. 4329, the ESG Disclosure Simplification Act of 2019. 4329, the ESG Disclosure Simplification Act of 2019 , is not only all but certain, but is not a bad thing. House of Representatives passed H.R. That number, on a global basis, seems overly optimistic.

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Mortgage Rates Decline, But Credit For Builders Tightens

Pro Builder

The association’s survey on financing for Acquisition, Development, and Construction (AD&C) found the net tightening index to be 12.0, For this index, the higher the number, the worse the net bank tightening. Despite the rebound, all these percentages remained lower than they were at the end of 2019.

NAHB 52
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Home Prices See Largest Gain in 15 Years, Some Blame the Federal Reserve

Pro Builder

At the start of 2019, the Fed held $1.6 Then, when the economy and housing market were suddenly in Covid free fall, the central bank began buying more again. trillion in agency MBS. It tapered that down to $1.37 trillion by mid-March of 2020. As of last week, the Fed held $2.2 trillion of agency MBS. Read More. .

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Advice for Home Builders Navigating a Market in Flux

Pro Builder

This wave of housing demand began in the second half of 2019, when the 30-year mortgage interest rate dropped to historical lows under 4%. Get financing in order. Banks can get into trouble, too. And Millennials are finally having families and embracing a suburban, single-family lifestyle. Diversify financial partners.

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Leading the Home Building Industry: Pro Builder's 2021 Forty Under 40

Pro Builder

Education • BA, Business Administration, The George Washington University • MDes, Real Estate Development and Finance, Harvard University. Extracurricular • 2020 president of the Home Building Association of Richmond, previously the Legislative Committee chairman • Regional VP, Home Builders Association (HBA) of Virginia, 2019-2020.

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West Virginia Great Barrel Company Expanding In The Mountain State

Business Facilities

West Virginia Great Barrel Company has been approved for a $6 million loan from the West Virginia Economic Development Authority to finance the purchase of equipment and the land. David Warner, WVEDA executive director said the project also has attracted another $6 million from banks.