Housing Wire

NOVEMBER 10, 2022

In response, multifamily construction has skyrocketed over the last year, hitting a historic high of 841,000 units under construction nationwide in June of this year, according to research from the National Multifamily Housing Council and the National Apartment Association. Department of Housing and Urban Development.

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Construction Supply Chain Buyers Development 482

Appraisal Buzz

OCTOBER 11, 2024

Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. Ginnie Mae and the U.S. Census Bureau Advance Monthly Retail Sales (Thursday) Freddie Mac Primary Mortgage Market Survey (Thursday) U.S.

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Marketing Mortgage Finance Retail 370

Appraisal Buzz

NOVEMBER 26, 2024

Housing Market Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability. Regulatory Developments: Key updates on policy changes and new regulations affecting industry compliance and operations. and global economies, alongside residential and commercial real estate trends.

Real Estate 367

Real Estate Tenants Insurance Construction 367

Appraisal Buzz

OCTOBER 29, 2024

The Asian Americans for Equality (AAFE) community development organization also supports ADU renovations through its Landlord Repair Fund, helping to bring non-compliant ADUs up to code and ensure safety for residents. However, nonprofits face several challenges in implementing ADU initiatives.

Renovations 221

Renovations Construction Development Landlords 221

Housing Wire

JUNE 5, 2023

The town of Newton, Massachusetts is working to comply with a new state law that requires the construction of new multifamily housing units in areas served by public transit, according to reporting from the Boston Globe. Some apartments have been constructed in recent years, but the construction level has been low.

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Housing Wire

JUNE 10, 2024

metro areas that are embracing new development and “creating a more diverse and plentiful supply of homes.“ As Pacaso explained, these tactics can include partnerships between local governments and residents to rezone neighborhoods and allow for greater density. Other estimates are much higher. Washington, D.C.,

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Development Construction Real Estate Government 353

Housing Wire

AUGUST 16, 2024

Salim Furth joins Simonsen to share his expert opinions on the current housing crisis and the various factors that impact new development in certain cities. Higher construction costs create a shortage of listings and vice versa. To address this, solving the development issue is key. “To and its major cities.

Construction 467

Construction Development Government Housing Market 467

Housing Wire

JANUARY 8, 2021

Fear of this outcome is why, for the better part of the past 12 years, ATR safe-harbor determinations were, in large part, simply punted to the black box underwriting systems of the government-sponsored enterprises Fannie Mae and Freddie Mac. The post The mortgage industry should build ATR rule governance appeared first on HousingWire.

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Government Mortgage Finance Legal 374

Housing Wire

AUGUST 18, 2023

Department of Housing and Urban Development (HUD) this week announced a package of regulatory and administrative waivers that will allow the use of HUD funding to assist with the recovery of Maui after the island endured a series of devastating wildfires.

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Government Mortgage Tenants Development 370

Housing Wire

JANUARY 31, 2025

Evergreen said in its announcement that it has been “laying the groundwork for Southeast expansion by developing and strengthening key new business segments, including builder partnerships, affinity partnerships, and real estate agent partnerships.” billion in the past 12 months.

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Loan Officers Real Estate Agent Construction Government 341

Housing Wire

FEBRUARY 13, 2024

New construction is backed up,” she said. According to Ellison, new construction in the Birmingham area typically accounts for 15% to 20% of the houses on the market at any given time, but that has not been the case over the past four years. Local builders are truly getting crushed by local governments,” Walker said. “As

Construction 435

Construction Supply Chain Inventory Agents 435

Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). Local governments are uniquely positioned to help residents through the daunting process of building an ADU.

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Tools Law Construction Government 476

Housing Wire

MAY 7, 2021

A recent study by the National Association of Home Builders found that regulations imposed by all levels of government on new homes account for $93,870, or 23.8%, of the current average sales price ($397,300). Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction.

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Construction Inventory Government Development 488

Appraisal Buzz

DECEMBER 11, 2024

of eligible households received government housing aid in 2021, while 11.2 Creative Housing Solutions: As demonstrated by Californias recent law relaxing local limitations, remove obstacles to the development of Accessory Dwelling Units (ADUs) to give older folks more flexible housing options. Only 36.5%

Property Taxes 362

Property Taxes Tenants Technology Investing 362

Housing Wire

MARCH 5, 2024

They include the reallocation of funds originally earmarked for relief from the economic impacts of the COVID-19 pandemic for affordable housing construction, as well as new provisions for the 2021 American Rescue Plan (ARP) Emergency Rental Assistance (ERA) program to clarify the use of such funds for affordable housing.

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Insurance Construction Government Design 493

Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. And they say, “To hell with it, we’re just going to get rid it [the property],’” George added.

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Tenants Finance Construction Government 511

Housing Wire

MAY 18, 2021

. “Even with these challenges, there are roughly 640,000 new homes under construction right now, a helpful addition to low supply levels.”. Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction on new housing starts.

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Supply Chain Construction Government Inventory 545

Housing Wire

JULY 16, 2024

Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation. Government watchdog Accountable.US Department of Housing and Urban Development (HUD) announced $325 million in Choice Neighborhood grants for affordable housing construction and community development.

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Landlords Construction Land Management Tenants 488

Housing Wire

FEBRUARY 26, 2024

Department of Housing and Urban Development ( HUD ). Additionally, mortgage applications for new homes surged in January as a lack of existing homes for sale continued to fuel the demand for new construction. New-home sales reached a seasonally adjusted annual rate of 661,000 in January, according to data published Monday by the U.S.

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Construction Development Housing Market Government 459

Housing Wire

SEPTEMBER 1, 2023

It replaces them with rules that permit rapid development and construction of new housing units, a move to address ballooning costs. A working group and other government officials are carrying out an assessment to identify available government and private land where new homes could be built to house Lahaina fire survivors.

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Construction Government Law Development 418

Housing Wire

SEPTEMBER 5, 2024

in 2025, according to a quarterly survey of housing experts conducted by government-sponsored enterprise (GSE) Fannie Mae. home-price growth is predicted to finish this year at 4.7% before slowing to 3.1% million homes,” he said. “We’ve We’ve previously estimated the shortfall to be more than 4 million.”

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Construction Design Government Real Estate 459

Housing Wire

JUNE 1, 2021

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. The tax credit would cover the difference between total development costs — including acquisition, rehabilitation, demolition and construction — and the sales price.

Renovations 516

Renovations Development Investors Legal 516

Housing Wire

APRIL 20, 2022

A Department of Veterans Affairs lending program for Native American veterans has been severely underutilized, a government watchdog found. According to a report the Government Accountability Office published this week, the VA’s Native American Direct Loan program only resulted in 89 loans originated in the continental U.S.

Government 542

Government Lending Development Legal 542

Housing Wire

APRIL 25, 2024

Department of Housing and Urban Development (HUD) on Thursday detailed a series of actions and initiatives it has undertaken to bolster climate resiliency while supporting green housing initiatives that stem from Inflation Reduction Act funding and recently announced plans to combat the effects of extreme heat.

Transportation 475

Transportation Design Investing Development 475

Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. AFR offers agency, nonagency and government lending products. It also has a niche in construction and manufactured home loan programs. It also has a niche in construction and manufactured home loan programs.

Lending 457

Lending Renovations Construction Finance 457

Housing Wire

OCTOBER 16, 2024

Sam Valverde, the acting president of Ginnie Mae , has overseen the work the government-owned company is currently engaging in to better improve the liquidity situation for the companies involved in the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage (HECM) program.

Development 448

Development Government Construction Mortgage 448

Appraisal Buzz

SEPTEMBER 13, 2024

The Government MCAI remained steady, whereas the Conventional MCAI rose by 1.8%. Conventional, Government, Conforming, & Jumbo MCAI Component Indices Using the same process as the Total MCAI, the Conventional, Government, Conforming, and Jumbo MCAIs are created to display the relative credit risk and availability for each index.

Mortgage 414

Mortgage Government Lending Construction 414

Housing Wire

APRIL 24, 2023

Declarations and governing documents of a common interest community within cities subject to the middle housing requirements […] that are created after the effective date of this section may not actively or effectively prohibit the construction, development, or use of additional housing units,” the bill states.

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Law Legal HOA Construction 397

Appraisal Buzz

AUGUST 8, 2024

While the Government MCAI fell by 0.1%, the Conventional MCAI climbed by 6.4%. Using the same process as the Total MCAI, the Conventional, Government, Conforming, and Jumbo MCAIs are created to display the relative credit risk and availability for each index. In March 2012, the index was benchmarked at 100.

Mortgage 396

Mortgage Government Lending Construction 396

Housing Wire

SEPTEMBER 7, 2021

Treasury and the Department of Housing and Urban Development ’s risk-based sharing program, and increase funding to existing programs. billion — in government sponsored enterprise investments in Low-Income Housing Tax Credit projects. The Federal Housing Finance Agency announced a significant increase — from $1 billion to $1.7

Construction 448

Construction Government Inventory Finance 448

Housing Wire

AUGUST 29, 2024

government-sponsored banks that provide liquidity to financial institutions to support housing finance and community investment—brought recommendations on how they can help improve the housing supply. billion to affordable housing and community development. Instead, the FHLBanks—11 U.S. taxpayers from risk.”

Finance 435

Finance Development Investing Construction 435

Appraisal Buzz

JULY 11, 2024

While the Government MCAI fell by 0.1%, the Conventional MCAI climbed by 2.0 While the Conventional MCAI looks at non-government loan programs, the Government MCAI looks into FHA, VA, and USDA loan programs. While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements.

Mortgage 397

Mortgage Government Lending Technology 397

Housing Wire

SEPTEMBER 10, 2024

Department of Housing and Urban Development (HUD) this week established Difficult Development Areas (DDAs) and Qualified Census Tracts (QCTs) for the Low-Income Housing Tax Credit program in 2025. DDAs are areas with high construction , land and utility costs when compared to an area’s median gross income (AMGI).

Design 459

Design Development Construction Finance 459

Housing Wire

NOVEMBER 28, 2023

Residential zoning laws are designed to promote orderly development, control traffic flow, and ensure that noise and activity levels are appropriate to each specific neighborhood. Launch a government-funded affordable housing awareness campaign Home equity is the primary source of wealth for most Americans.

Law 492

Law Government Legal Construction 492

Housing Wire

AUGUST 29, 2022

The construction industry has yet to fully recover from the 2008 financial crisis when it lost a big segment of its skilled construction workforce. Pandemic-related supply chain snags have impacted the prices of key construction inputs like lumber, steel, and copper. The good news.

Construction 459

Construction Supply Chain Finance Investing 459

Housing Wire

APRIL 12, 2022

To help the lowest-income families, who increasingly can’t find affordable housing in today’s market, federal, state, and local governments devote considerable resources to subsidize the development of affordable housing with below market rents. This creates a disjointed system where policies overlap and can be redundant.

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Development Finance Legal Fees Construction 418

Housing Wire

DECEMBER 6, 2024

The New York City Council this week narrowly passed a housing plan backed by Mayor Eric Adams (D) known as City of Yes, which calls for the construction of 82,000 new homes over the next 15 years in the Big Apple. Zoning is a major focus of the new plan, according to the city government.

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Construction Legal Government Development 395