Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters.

Construction 535

Construction Renovations Insurance Landlords 535

Appraisal Buzz

MARCH 14, 2025

Beyond its main purpose, the housing industry starts a number of initiatives that boost economic expansion and increase GDP through home sales, renovations, and construction. To upgrade and customize their living areas, these new homeowners frequently spend money on furniture, appliances, services, and home renovation projects.

Insurance 389

Insurance Renovations Sellers Design 389

Housing Wire

JANUARY 30, 2025

For example, 30% of purchase transactions were new construction last year. If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors. And, its focusing on areas like construction, non-QM, the fix-and-flip and second lien production.

Construction 306

Construction Marketing Investors Renovations 306

Inman

APRIL 25, 2025

Technology columnist Craig Rowe reviews pre-sale renovation solution HouseAmp on behalf of Inman. The software sharply consolidates the tasks and delivers the transparency required to ensure a smooth, timely and valuable home construction project.

Renovations 123

Renovations Construction Technology Home Improvement 123

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

Development 370

Development Design Renovations Law 370

Appraisal Buzz

FEBRUARY 3, 2025

For example, in New York City, tax exemptions of up to 90% are available for renovated buildings that contain at least 25% affordable flats. New York With 8,310 of these cutting-edge units presently under construction, the New York metro area tops the country in office-to-apartment conversions, up 59% over the previous year.

Renovations 345

Renovations Construction Modernization Inventory 345

Housing Wire

DECEMBER 20, 2024

It is encouraging to see some uptick in apartment construction in some of our larger communities. Underlying issues Despite this progress, Dapice and others are frustrated by the lack of new construction especially starter homes in the state. They want to attract younger employees, including recent college graduates.

Law 433

Law Construction Inventory Development 433

Housing Wire

JUNE 24, 2024

But a nonprofit organization in the Seattle area is seeking to help more seniors renovate their homes to age safely. Overall Seattle-area construction costs have stabilized in the last year, but remain 40% higher than pre-pandemic,” the Times noted. But the area is also seeing a different problem simultaneously.

Renovations 394

Renovations Property Taxes Supply Chain Law 394

Appraisal Buzz

FEBRUARY 6, 2025

Even middle-aged couples often welcome their aging parents into their homes and must renovate their space to accommodate their changing needs. Lenders can provide expert guidance on options like renovation loans, home equity solutions, and reverse mortgages.

Lending 348

Lending Renovations Finance Housing Market 348

Housing Wire

NOVEMBER 13, 2024

The goal is to help them avoid homelessness by funding affordable housing construction, home repairs and adaptations as well as giving out financial assistance. The new commitment furthers the foundation’s stated goal of reaching $750 million in investment activity.

Investing 370

Investing Renovations Retail Technology 370

Housing Wire

OCTOBER 24, 2024

The most powerful evidence of equity stripping shows up in subsequent resales (flips) of pre-foreclosure purchases that occur within 30 days of the original pre-foreclosure sale — indicating the pre-foreclosure buyer would have little time to add value to the property through renovation. I give them everything. Here are your options.

Retail 448

Retail Buyers Renovations Finance 448

Housing Wire

FEBRUARY 6, 2025

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. Equity solutions Home renovations and debt consolidation are two avenues toward financial prosperity for borrowers. Construction loans Inventory levels in the real estate market arent what they used to be.

Mortgage 315

Mortgage Training Construction Investors 315

Appraisal Buzz

OCTOBER 24, 2024

It would include an exception for new construction and substantial renovation or rehabilitation. This would apply to landlords with over 50 units in their portfolio, covering more than 20 million units across the country. Only seven states and Washington, D.C. currently have state or local rent control policies in place.

Landlords 392

Landlords Tenants Law Government 392

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

APRIL 20, 2021

After months of slogging through a string of disappointments, Patrick turned to a renovation loan and started looking at fixer-uppers. Snover said that few real estate agents suggest that buyers purchase a home with a renovation loan, sometimes because they are unfamiliar with the process — which has its complexities.

Renovations 468

Renovations Real Estate Agent Construction Buyers 468

Appraisal Buzz

NOVEMBER 18, 2024

New owners used their cost savings to renovate and undercut our rent rates. Diminished Development Capacity: As developers struggle, new construction grinds to a halt. For a while, we were the crown jewel of the submarket which gave us a competitive advantage when leasing. But the tide turned quickly.

Development 335

Development Finance Real Estate Housing Market 335

Housing Wire

AUGUST 17, 2020

Additionally, remodel volume – a subset of maintenance that includes renovations, additions, and alterations – increased 2.59% while spend decreased 1.59% year over year. Last month, Buildfax estimated if single-family authorizations and existing housing activity continue to gain, new construction could stabilize in the Fall.

Construction 516

Construction Renovations Marketing Housing Market 516

Housing Wire

JULY 19, 2024

We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.” .” Our success is driven by our exceptional team and an expansive product portfolio.

Training 464

Training Renovations Lending Clients 464

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.

Construction 269

Construction Appraisal Legal HOA 269

Housing Wire

MAY 12, 2021

And for those who still want to build a home from scratch, rising construction costs , limited lot sizes, and excessive red tape can make the process seem insurmountable. Considering how much construction technology, materials, and techniques have evolved, building a new home should be far simpler than it is. Opportunities to innovate.

Construction 482

Construction Logistics Technology Real Estate 482

Appraisal Buzz

JULY 30, 2024

The report notes that vacant or uninhabitable homes that have been flipped contribute new inventory comparable to new construction. The Great Renovation Kurt Carlton, president and co-founder of New Western, emphasized the impact of local investors on the housing market. below the median sales price.

Real Estate 397

Real Estate Investors Renovations Construction 397

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.

Finance 501

Finance Construction Tenants Renovations 501

Housing Wire

NOVEMBER 22, 2021

Douglas Norman VP, Construction and Renovation Operations, On Q Financial. Sean Faries CEO, Land Gorilla. Robert Dietz Chief Economist and Senior Vice President for Economics and Housing Policy, National Association of Home Builders. Sponsored by: Land Gorilla. Get More Info.

Renovations 418

Renovations Construction Inventory 418

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. We have not been exempted from these market and capacity issues and we now have an operational backlog for renovations and closings. construction workers.

Renovations 397

Renovations Real Estate Construction Contracts 397

Housing Wire

MAY 24, 2024

The lender also provides rate-and-term and cash-out refinancing, along with construction and renovation loans. Founded in 2008 and based in Fort Mill, South Carolina , Movement Mortgage offers a range of products including conventional, jumbo and government-insured loans, as well as a dedicated reverse mortgage division.

Mortgage 447

Mortgage Renovations Loan Officers Retail 447

Housing Wire

JULY 10, 2024

But when the apartment’s landlord declared that all units in the building would be renovated and force all current tenants out, the clock began ticking for a solution. After enlisting a local architect who understood the needs of aging, a new ADU of 650 square feet was constructed after four years at a cost of roughly $400,000.

Tenants 476

Tenants Mortgage Construction Landlords 476

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

Investing 476

Investing Renovations Construction Development 476

Appraisal Buzz

JUNE 14, 2024

Strategic Solutions for Today’s Homebuyers New construction financing and meeting the demand for new homes: According to the National Association of Home Builders (NAHB), in March, 33% of all home sales were new construction financing. That is a significant increase from the 13% average between 2000-2019 in new construction.

Marketing 396

Marketing Renovations Construction Finance 396

Housing Wire

JUNE 8, 2021

“The average home age in the United States is about 40 years old, so there’s a huge stock of homes that need to be renovated.”. Given the rising price of lumber and other construction costs, renovations may sound impractical. A fix’n’flip loan is designed to cover the costs of purchasing a home and renovating it.

Inventory 360

Inventory Renovations Lending Construction 360

Housing Wire

JUNE 1, 2021

Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. 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

Appraisal Buzz

MARCH 25, 2025

Additionally, households led by people of color make greater contributions to the home renovation industry as the population becomes more racially and ethnically diverse; in 2023, homeowners of race accounted for 23% of improvement expenditures, up from 14% in 2003. To read the full report. click here. The post Labor Shortages Hindering U.S.

Renovations 195

Renovations Investing Training Insurance 195

Inman

JANUARY 30, 2023

million Series A for Freemodel to expand its approach to prepaid, fully managed market preparation renovations, according to an announcement sent exclusively to Inman. QED led a $19.5

Renovations 148

Renovations Construction Marketing Finance 148

Housing Wire

FEBRUARY 12, 2024

It also has a niche in construction and manufactured home loan programs.

Lending 455

Lending Renovations Construction Finance 455

Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.” In 2019 the number was 200,000.

Inventory 435

Inventory Renovations Supply Chain Buyers 435

Appraisal Buzz

FEBRUARY 11, 2025

He is the CEO and Founder of Bluebird Lending, a national private lender servicing real estate developers and investors with an array of loan products to acquire, construct, and refinance residential and multifamily properties. Michael has renovated and built from the ground up, over 75 single-family homes for sale and rent.

Real Estate 269

Real Estate Finance Development Investing 269

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.

Landlords 488

Landlords Construction Land Management Tenants 488

Housing Wire

MARCH 4, 2022

jobs report released Friday shows that 678,000 non-farm payroll jobs were added in February, and the return of skilled labor in residential construction is reason alone for optimism. After losing 5,000 jobs in January, the construction sector rebounded gaining 60,000 jobs in February. After mixed results in January , the U.S.

Construction 370

Construction Renovations Real Estate Marketing 370