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House builder Lane End owes £12m to suppliers

Construction Enquirer

An update from administrator Quantuma Advisory details debts of £11.8m “The joint administrators will carry out investigations to identify any potential claims which may be brought against parties either connected to or who have past dealings with the company. owed to 412 unsecured creditors left holding unpaid invoices.

Debt 82
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Subcontractors owed £4.6m after Howard Russell collapse

Construction Enquirer

An update on the administration filed at Companies House said the firm was sunk by a combination of rising materials costs, project delays and defect liability claims. It also detailed the level of debts with 208 unsecured creditors left holding unpaid invoices.

Debt 72
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Biden Announces New Plan to Help Homeowners Save on Mortgage Costs

Pro Builder

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.

Plans 52
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How is Artificial Intelligence Helping Home Buyers?

Pro Builder

Some home selling and lending services like Compass, Zillow, and LoanSnap claim their artificial intelligence (AI) tools can search through millions of documents in seconds to find the right property for buyers and match the perfect loan type to borrowers. How is Artificial Intelligence Helping Home Buyers? Mon, 09/20/2021 - 11:22.

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Salary Needed to Afford a Home in the Top 15 Metros

Pro Builder

Housing costs are the biggest expense Americans have, with about one-third of the average American salary going toward these. SmartAsset identified the salaries needed in the 15 largest metros to afford an average home payment and not exceed the recommended 36% debt-to-income ratio. Salary Needed to Afford a Home in the Top 15 Metros.

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HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

Department of Housing and Urban Development and the Department of Veterans Affairs released new guidance, changing their previous positions, now widely allowing residential Property Assessed Clean Energy (PACE) financing. The guidance describes it as, the property may only become subject to an enforceable claim (i.e.,

Finance 120
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Energy Innovation: Solar Energy Solutions Continue to Gain Momentum

Pro Builder

Among the leaders is Minnesota, which approved a solar garden initiative in 2013 and claims about one-third of the country’s community solar generation. Photo: courtesy Denver Housing Authority/Mike Laughlin Photographer. Photo: courtesy Denver Housing Authority/Mike Laughlin Photographer. Housing's Now: The Ultimate Z.E.N.