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Utah Professional Women in Building group leaves a mark

Housing Wire

In 2018, Kristin Smith was tasked with starting the first-ever Utah Professional Women in Building group. Now, in 2021, the large, female-only company designed and constructed a home that was showcased in the 2021 Utah Valley Parade of Homes — and sold to benefit several good causes. Utah Professional Women in Building group.

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ADUs are gaining popularity on the West Coast

Housing Wire

In the Seattle area, there was a 250% ADU construction increase in 2022 compared to 2019. In Seattle, a report designed for City Council outlines that during 2022, permitted ADU construction increased to 988 total units — a sharp rise from the 280 ADU construction permits issued in 2019.

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These markets are attracting the most out-of-state real estate investors

Housing Wire

The 30% of purchases going to out-of-state buyers in Allen County so far in 2020 is up from 21% in 2019 and 11% in 2018. We wanted to invest capital back into the area in which we grew up,” said Wenzel, who is partnering in the venture with a long-time friend who is a designer and general contractor in Connecticut. per square foot.

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Why new home sales are finally moderating

Housing Wire

Reports on housing data are headline-driven, and headlines are designed to cause folks to overreact in both positive and negative ways. However, construction should continue at a slow and steady pace. months and above, builders tend to halt construction. We saw this happen when inventory rose in 2018 and 2020.

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GSEs Seek Input on Duty to Serve Plans

Appraisal Buzz

Additional initiatives that Freddie Mac noted included the financing of more than 46,000 manufactured homes titled as real property from 2018-2023, providing more than $6.7 The number of entry-level homes represent less than 10% of all newly constructed homes, compared to about 35% in the 1970s. population.

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Manufactured homes are appreciating faster than site-built homes

Housing Wire

increased by 58.34% between 2018 and 2023. In September, HUD announced updates to its manufactured housing construction and safety standards. In June, HUD announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured home communities under an FHA-sponsored loan program.

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The far-reaching impact of “The House that SHE Built”

Housing Wire

In 2018, Kristin Smith was tasked with starting the first-ever Utah Professional Women in Building group. PWB has also been a convener to talk about issues and challenges of the day, such as the labor shortage, and share resources that encourage construction training opportunities and leadership paths for women in the industry.