Housing Wire

APRIL 24, 2023

In particular, provisions in the bill state that the zoning rules already established by homeowners associations (HOAs) and other “common interest communities” cannot be superseded by the new bill once it becomes law. Lead bill sponsor Rep. As with many other areas of the country, Washington state is facing a housing shortage.

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Appraisal Buzz

JUNE 11, 2021

New construction is not the only path to replenishing the housing supply, it is the most plausible, experts conclude, and they say scaling back building restrictions could boost effectiveness. The post Are Looser Zoning Laws the Solution to Housing Shortage? The post Are Looser Zoning Laws the Solution to Housing Shortage?

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Housing Wire

AUGUST 4, 2023

A new affordable housing law passed by Florida’s legislature and signed in March by Gov. Ron DeSantis is reportedly creating anxiety among local elected officials who are concerned that the new law cedes too much control over zoning and other matters to the state government. The process has gone more smoothly in St.

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Housing Wire

DECEMBER 9, 2024

The grant funds will be primarily deployed to bolster infrastructure, construction or renovation of community buildings, housing rehabilitation, land acquisition and economic development for the American Indian and Alaska Native populations. Department of Housing and Urban Development (HUD) on Monday announced the disbursement of $72.6

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Housing Wire

JUNE 13, 2023

While state lawmakers are currently debating rent control legislation as one potential answer to the issue, the Massachusetts Association of Realtors (MAR) is advocating to increase housing construction instead, according to reporting by the Massachusetts’ State House News Service. Last month, Washington state Gov.

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Appraisal Buzz

AUGUST 9, 2024

is expected to set new records for apartment construction. Notably, by the end of December, the combined metro areas of Dallas and Austin are predicted to welcome about 10% of all newly constructed apartments countrywide. On the other hand, some markets are seeing a slowdown in new construction starts due to the economic environment.”

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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). All California municipalities are mandated by state law to have a preapproval process for ADU plans by Jan.

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Appraisal Buzz

MARCH 3, 2025

They also reported that, as of 2023, at least eight states have policies that preempt local bans of ADU construction. At that time, the study showed that ADU construction was rising by 8.6% Having a qualified contractor with experience in ADU construction who knows and understands the local regulations is vital to success.

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Appraisal Buzz

OCTOBER 29, 2024

Nonprofits are not just addressing the demand for new housing but are also providing funding to homeowners for ADU construction. Financing ADU construction is another challenge, with nonprofits needing to secure funding from local and state governments, as well as private financial institutions.

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Housing Wire

OCTOBER 2, 2024

As localities across the country wrestle with housing shortages, one Massachusetts town will make its case to a panel of judges next week to argue against a plan that requires the construction of more multifamily units, according to reporting by USA Today and state records reviewed by HousingWire.

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Housing Wire

SEPTEMBER 4, 2024

The only viable solution to these problems, as other municipal leaders and housing industry experts have previously suggested, is the construction of more homes. The plan also addresses environmental impact concerns of new construction, Rubio said, by paying attention to the floodplain of Portland’s urban center.

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Housing Wire

JUNE 1, 2023

The California State Senate passed a bill this week that would permit the construction of affordable housing units on land owned by faith-based institutions and nonprofit colleges, even if local zoning ordinances and laws would normally prevent construction. The bill, introduced last December by Sen.

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Appraisal Buzz

DECEMBER 11, 2024

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.

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Housing Wire

JANUARY 3, 2024

Department of Housing and Urban Development (HUD) program designed to allow for the construction of rental housing units is getting a new participant: the Cherokee Nation. The HUD program is a loan program that aids organizations in recruiting skilled workers for hard-to-fill or hard-to-recruit positions,” the announcement said.

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Housing Wire

JANUARY 9, 2024

Here are a few trends in financing that will continue to catalyze the construction of more ADUs: Expanded access to mortgage financing The Federal Housing Authority announced a new policy in October 2023 that has made it easier to finance construction of new ADUs, as well as making it more achievable to buy or refinance a house with an existing ADU.

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Housing Wire

FEBRUARY 23, 2024

million, which will go toward organizations aiming to boost housing inventory and availability through methods including off-site construction and office-to-residential conversions. “As We need to think creatively, from innovative construction methods to office-to-residential conversions.

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Appraisal Buzz

DECEMBER 11, 2024

These steep prices are often felt the most in large metros, where strict zoning laws can make new construction difficult and exacerbate supply issues. e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,”script”,”infogram-async”,”[link]

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Housing Wire

JANUARY 8, 2021

Due to massive losses in the servicing sector outnumbering professional and construction job gains, the raw number of nonfarm payroll employment fell by 140,000 – the first decline since April of last year. More workers in the sector should support the faster pace of housing construction the market needs,” Fratantoni said.

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Housing Wire

MAY 16, 2024

A key conclusion is that while new construction creates additional supply for first-time and move-up buyers alike, it comes with an additional expense. While many metro areas currently offer an advantage where you can purchase a new construction home for a similar price or even less than the average area home, there is still a 23.8%

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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. Decades ago, zoning laws were used to legally segregate local communities based on race.

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Housing Wire

OCTOBER 13, 2021

Construction employment is still 201,000 jobs below its February 2020 level, according to the U.S. A possible solution to the tight housing inventory and escalating home prices offered by Goldman Sachs economists is the relaxing of zoning laws. Bureau of Labor Statistics.

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Housing Wire

JULY 16, 2024

Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation. Department of Housing and Urban Development (HUD) announced $325 million in Choice Neighborhood grants for affordable housing construction and community development. Also on Tuesday, the U.S.

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Appraisal Buzz

SEPTEMBER 12, 2024

The new updates seek to expedite the home production process by cutting red tape and eliminating the need for manufacturers to obtain alternative construction approvals for materials that already meet or exceed HUD standards—helping build more manufactured homes and boost the nation’s housing inventory.

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Housing Wire

SEPTEMBER 1, 2023

The proclamation suspends several housing provisions, including historic preservation, environmental review, sunshine and collective bargaining laws. It replaces them with rules that permit rapid development and construction of new housing units, a move to address ballooning costs.

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Housing Wire

APRIL 29, 2024

A coalition of energy- and consumer-focused trade groups lauded the release of new energy-efficiency standards for the construction of new single-family and multifamily homes, which were announced last week by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA).

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Housing Wire

MARCH 21, 2022

Construction-only loans. A loan is not wrapped under RESPA if it is a construction-to-permanent loan. Custom homes are frequently developed, and the site is used as security for a short-term construction loan to complete the project. However, RESPA applies to a construction-to-permanent loan inside one bundle.

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Housing Wire

JULY 14, 2023

Bordick , under the federal Truth in Lending Act (TILA) on behalf of a couple that took out a mortgage in 2008 in order to purchase land for the construction of a new home. The bank has argued that because the loan documents stated that the loan had a commercial purpose, the law does not apply.” The CFPB goes on to cite U.S.

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Appraisal Buzz

JUNE 18, 2024

Despite the construction boom that happened shortly after pandemic restrictions began being lifted—that has since slowed—the U.S. The pandemic-era housing frenzy sparked a construction boom, but thus far, that boom has fallen short. housing shortage grew to a 4.5-million-unit million-unit deficit, up from 4.3 Compare that to 3.55

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Housing Wire

FEBRUARY 14, 2025

The program targets new construction and converts existing unpermitted units to meet building codes. The City of Long Beach also offers loans of up to $250,000 to homeowners for ADU construction provided that the units are rented to low-income households. The application is open to qualifying homeowners until Feb.

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Appraisal Buzz

JULY 29, 2024

The construction of new rental units has not kept pace with the growing number of renters, leading to increased competition and higher prices. Additionally, renters should stay informed about their rights and protections under local and state laws. One of the primary drivers is the imbalance between supply and demand.

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Housing Wire

JANUARY 12, 2023

Investors offloading negative cash-flowing properties to avoid margin calls and unhappy investors. Increased inventory from robust construction of new, single-family homes with “motivated” sellers. Increased inventory from short-term-rental gone wrong , aka the Airbnb bust. And finally, decreased demand due to aging demographics. .

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Housing Wire

JUNE 21, 2023

Currently there are 695,000 single-family units under construction, which is actually 136,000 units below the peak in May 2022. And there are currently 994,000 multifamily units under construction, the highest level since 1973. Single-family construction deliveries, meanwhile, will likely be more muted. And in California, Gov.

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Housing Wire

JULY 7, 2022

Slow construction and restrictive zoning laws. One of the major causes of low inventory has been due to slowed construction. ” In addition to labor and materials, builders have struggled to meet the increasing demand for multifamily units due to restrictive zoning laws.

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Housing Wire

DECEMBER 15, 2021

Bill Dallas: As construction and labor costs have climbed, so, too, have home prices. BD : In my opinion, there are two major areas we need to focus on to create more affordable housing opportunities for American families: zoning laws and building costs. HousingWire: What are the current challenges when it comes to affordable housing?

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Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. This means that the doors, windows, electrical all are done by contractors after the walls have been constructed.”. Khater wrote.

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Housing Wire

APRIL 9, 2021

All of these populations comprise the target market for accessory dwelling units (ADUs), commonly referred to as granny flats, in-law suites, casitas or guest houses – self-contained living units that usually have their own bedrooms, kitchen and bathroom, but are situated on a lot with a separate home. ADUs come in many different forms.

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Housing Wire

JUNE 17, 2024

In response, the lender said it did not find evidence to support these allegations after a comprehensive internal investigation and an “outside law firm” had reviewed its 2023 pay data and found it compliant with state equal-pay laws. The ongoing case was filed in New Jersey. As a result, we are not for everyone.”

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