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Mortgage Rates Return to March 2020 Levels

Pro Builder

“There has been a 36% gain over the last 12 month of single-family homes permitted but not started as some projects have paused due to cost and availability of materials,” said Robert Dietz, chief economist of the National Association of Home Builders. Financing. Read More. .

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California is a Model for PACE Loan Reform

Green Building Law Update

California’s statutory changes to its existing residential Property Assessed Clean Energy (PACE) financing program, that became effective January 1, 2017, may be a model for residential PACE programs across the nation. With those loans now the fastest growing type of financing in the U.S.,

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Federal Infrastructure Bill Paves the Way Toward More Transportation Infrastructure Public-Private Partnerships

Constructlaw

1] This is important for parties financing P3s. PABs allow the issuance of tax-free municipal bonds to private entities financing qualified projects. 4] Certain federal actions trigger NEPA reviews, including federal funding, granting federal permits or approvals, and allowing projects to take place on federal property.

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Lumber Prices Hit Record High, Threatening Housing's Momentum

Pro Builder

Single-family building permits rose 11% in 2020 and are forecast to increase another 5% in 2021 and 3% in 2022 to reach 1.068 million units a year, the most since 2007. Housing Policy + Finance. NAHB CEO Jerry Howard | Photo c. Herman Farrer. Building Materials. Government + Policy. Building Materials.

Housing 119
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Home Building by the Numbers

Pro Builder

The annual analysis, called the Comparative Financial and Operations Analysis (“Fin-Op” for short), draws from detailed information about various revenue, cost, and profit metrics provided anonymously by builders of varying sizes in different locations, serving as a benchmarking and forecasting tool for the company, builders, and the industry.

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Housing Outlook: Is This a Recession … or Not?

Pro Builder

NAHB forecasts a 13% decline in 2022 and an 8% decline for 2023, with the slight moderation in next year’s decline being due to the Federal Reserve pausing interest rate hikes by that time, Dietz says. Residential building permits dropped by 15,594, or 10.1% Housing Policy + Finance. Other Indicators Point to a Housing Slowdown.

Housing 98
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PSMJ Resources Blog: Residential Construction Continues to Struggle

PSMJ Resources

A sluggish economy, a soft job market, a large inventory of foreclosed homes, the threat of additional foreclosures, and difficulty in obtaining financing for both potential homebuyers and for builders continue to act as a drag on the housing market. Meanwhile, single-family permits are holding their own at 417,000. in 2012 and 7.3%