Pro Builder

NOVEMBER 9, 2020

Biden's Promised Changes to the Housing Market. Mon, 11/09/2020 - 09:28. Along the campaign trail, President-elect Joe Biden promised changes to housing plans in order to create more opportunities for low- and middle-income Americans. Campaign promise: Address racial discrimination in housing. Housing Policy + Finance.

Housing 80

Housing Discrimination Inventory Income 80

Pro Builder

NOVEMBER 1, 2022

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

Housing 98

Housing Inventory NAHB New York City 98

Pro Builder

JUNE 24, 2021

Has the Housing Market Reached its Peak? The housing market remains incredibly competitive compared to pre-pandemic times, but buyers have begun to pull back, slightly cooling the market. Buyers may be taking a break from the housing market, “says Realtor.com® compared with January 2020, which was well before the pandemic.

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Housing Comparison Finance Bidding 78

Pro Builder

JANUARY 19, 2022

Mortgage rates are at their highest levels since March 2020, and more gains could price some buyers out of the housing market altogether. A surge in first-time homebuyer applications is likely driven by high housing demand heading into a typically busy spring market. Housing Policy + Finance.

Finance 98

Finance Housing Contract 98

Pro Builder

JULY 7, 2020

Tue, 07/07/2020 - 09:56. Joseph Eichler’s designs defined middle-class homes at the time, as did his work toward fair housing policies and integrated neighborhoods, according to Dwell. His role in fighting for fair housing policies and integrated neighborhoods, however, is lesser known. . cbroderick.

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Architecture New York City Oakland Discrimination 98

Pro Builder

MARCH 19, 2021

Mortgage Rates Return to March 2020 Levels. At the end of January, the average rate on a 30-year fixed mortgage hit a low of 2.75%—it now rests at 3.45%, the same rate as March 2020. Prices are now up over 10% from this time in 2020, according to CoreLogic, and there appears to be no letup in the gains. Financing.

Finance 52

Finance Forecasting Permits Housing 52

Green Building Law Update

DECEMBER 8, 2019

Existing State Finance and Procurement Code Section 4-809(f) was amended adding new section (6), providing in relevant part, the Maryland Green Building Council shall: “(6) develop guidelines for new public school buildings to achieve the equivalent of the current version of the U.S. Maryland House Speaker Adrienne A. But no longer.

Maryland 240

Maryland Green Guidelines Certification 240

Pro Builder

JANUARY 18, 2021

Biden also called on housing agencies to extend the deadline of applications for forbearance on federally-backed mortgages until the end of September. . The CARES Act included an eviction moratorium through late July 2020 that only applied to certain, federally-funded rental units. Housing Policy + Finance. Read More. .

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Plans Housing Resource Legal 98

Pro Builder

JULY 28, 2020

Tue, 07/28/2020 - 09:08. When unemployment spiked, the Federal Housing Finance Agency put forth measures such as yearlong mortgage forbearance and a moratorium on foreclosures for federally backed mortgages to keep citizens housed. Is a Foreclosure Crisis on the Horizon? cbroderick.

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Comparison Finance Housing Resource 98

Pro Builder

JULY 15, 2022

Lumber products have been subjected to extreme price volatility throughout the pandemic, adding an average of $14,345 to the price of a new single-family home and an average $5,511 to the market value of a new multifamily home, NAHB Eye on Housing reports.

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NAHB Finance Housing Budgeting 98

Pro Builder

AUGUST 3, 2020

Mon, 08/03/2020 - 13:00. NAHB Housing Policy Briefing. Even as the nation grapples with the economic effects of the COVID-19 pandemic , Fowke plans to continue the association’s emphasis on improving housing affordability. “We We strive to meet the housing needs of families across the economic spectrum,” Fowke says.

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NAHB Regulation Florida Inventory 98

Pro Builder

MAY 21, 2021

The current market results from years of underbuilding, further complicated by a severe lack of skilled labor, not enough developed lots, cost of loans to finance construction, materials costs, and other regulations. Will the housing market crash again? In 2005, I was a reporter, and I wondered whether we were in a housing bubble.

District of Columbia 98

District of Columbia Bargains Housing Finance 98

Pro Builder

JANUARY 10, 2022

Critics Question ‘Housing First’ Approach as Homelessness Crisis Worsens. Nearly 600,000 Americans were left without housing in 2020 as a result of surging costs and a rise in unemployment during the COVID-19 pandemic, CNBC reports. Housing Policy + Finance. Housing Policy + Finance.

New York City 52

New York City Housing New York Finance 52

Pro Builder

MAY 5, 2021

Today’s Homebuyer Perception of Affordability Exceeds 2020 Levels. According to the National Association of Home Builders’ Housing Trends Report, 35% of homebuyers report being able to afford half or more of homes for sale in their markets while 65% can afford fewer than half. cbroderick. Wed, 05/05/2021 - 10:32. Read More. .

Finance 52

Finance Housing 52

Pro Builder

DECEMBER 2, 2020

2020 Builder of the Year: True Homes—a Culture Like No Other. Wed, 12/02/2020 - 12:30. True Homes is Pro Builder 's 2020 Builder of the Year, in large part because of the home builder's purpose-driven company culture, which is yielding truly amazing results. I tell my team to consider that they’re building my mom’s house.

Charlotte 98

Charlotte Management Organization North Carolina 98

Pro Builder

AUGUST 5, 2022

Research from Redfin shows that, during the five years from 2016 through 2020, migration into the country’s 50 counties with the largest percentage of highest fire and flood risk for homes has increased by an average of 3% and 1.9% Housing Markets. Fri, 08/05/2022 - 09:43. respectively. New-Home Sales.

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Missouri Kentucky Risk Finance 98

Pro Builder

DECEMBER 16, 2022

On the opposite end of the spectrum were Hawaii, with an average effective tax rate of 0.28%, and Alabama, with an annual real estate tax bill of $815 in 2021, according to NAHB Eye on Housing. of state and local tax receipts in 2020 due to a broad decline in income tax revenue as a result of the pandemic, property taxes made up 36.2%

Texas 96

Texas New Jersey Hawaii Alabama 96

Pro Builder

OCTOBER 1, 2020

Thu, 10/01/2020 - 06:00. Stringent residential design standards imposed by local governments are affecting housing costs; the impact of new residential construction on the broader economy (chart). NAHB Housing Policy Briefing. Solving the Housing Affordability Crisis Requires Reshaping Public Policy. . Codes + Standards.

Design 103

Design NAHB Residential North Carolina 103

Pro Builder

NOVEMBER 3, 2020

Homeownership Wealth Gains for Second Quarter of 2020. Tue, 11/03/2020 - 09:42. Based on the 2019 Survey of Consumer Finance data, homeownership accounts for 90% of total wealth among all families. cbroderick. Someone who purchased a home 30 years ago would have gained around $283,000 as of the second quarter this year.

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San Jose Las Vegas Los Angeles San Diego 52

Pro Builder

MARCH 8, 2021

How Might an Uptick in Mortgage Rates Affect Housing? For the first time since July 2020, mortgages rates have surpassed 3%, but that’s not likely enough to put an end to strong housing demand, says LGI Homes chairman and CEO. The housing market’s strong demand has been greatly fueled by record-low mortgage rates, says CNBC.

Housing 52

Housing Finance Environment Contract 52

Green Building Law Update

APRIL 25, 2021

There were no balloons dropped from the balconies at sine die, ostensibly because of Covid-19 social distancing there were no high school pages to drop celebratory balloons from the balconies, but it is worthy of note that this year the legislature passed House Bill 391 making illegal intentionally releasing balloons (see below)?

Maryland 156

Maryland Housing Commissioning Regulation 156

Viewpoint Construction Technology

JUNE 19, 2018

By 2020, technology adoption in construction is expected to reach 70 percent, according to a 2017 report from McKinsey Global Institute. Historically, contractors have housed their software and data in an on-premise data center, usually in the main office. In case you haven’t heard, construction software use is on the rise.

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Software Software Viewpoint Construction 200

Pro Builder

MARCH 18, 2021

Will Rising Mortgage Rates and Home Prices Slow Housing Demand? Single and multifamily construction starts dropped to the lowest pace since August 2020, which could mean the market will soon reach a turning point, says CNBC. cbroderick. Thu, 03/18/2021 - 10:11. It could be a result of rising mortgage rates and home prices, says CNBC.

Housing 52

Housing Permits Finance Construction 52

Pro Builder

NOVEMBER 15, 2021

Federal Reserve Pulls Back on Stimulus in Response to Weakened Housing Affordability. Exacerbated housing conditions are a result of major supply-chain disruptions and a nationwide labor shortage expected to persist into 2022. year to date in 2021 — eight times faster than they did in 2020. Housing Policy + Finance.

Housing 52

Housing Finance NAHB Security 52

Pro Builder

APRIL 5, 2021

In 2020, 70% of issued mortgages were given to those with credit scores of at least 760. The median credit score for borrowers was 786 during the fourth quarter of 2020. Americans who want to break into the housing market this spring face plenty of other challenges. This is a 9% increase from 2019. Read More. .

Inventory 85

Inventory Finance Office Housing 85

Pro Builder

JULY 3, 2020

Fri, 07/03/2020 - 06:00. NAHB Housing Policy Briefing. As jobs numbers show signs of improvement, the National Association of Home Builders’ economics team sees the potential for residential construction to lead the economy out of the downturn, based on analysis of key housing data sources. on average).

Residential 105

Residential NAHB Housing Subcontracting 105

Pro Builder

DECEMBER 15, 2020

Tue, 12/15/2020 - 09:29. President-elect Joe Biden’s proposed tax credit for first time homebuyers aims to assist with an initial down payment, but brings with it the possibility of stretching the housing market even thinner. Earlier first-time buyer tax credits were intended to stimulate a moribund housing market. cbroderick.

Washington 76

Washington Finance Inventory Housing 76

Pro Builder

NOVEMBER 14, 2022

New Listings, House Prices Fall in November as Buyers Back Off. Despite decreased activity from home sellers, total housing inventory is up 8.5% compared to the same week in 2020, and an above-average 6-month supply of homes is currently under construction. Mon, 11/14/2022 - 10:30. New-Home Sales. Market Data + Trends.

Housing 52

Housing Inventory Finance Construction 52

Pro Builder

JANUARY 8, 2021

The Causes and Implications of Fast Rising House Prices. The recent spikes in average listing prices could either be a blip in the market, all due to the pandemic, or it is a glimpse into the future of housing and housing finance, according to Layton’s writing for the Joint Center for Housing Studies of Harvard University.

Housing 52

Housing Debt Finance Risk 52

Pro Builder

JUNE 5, 2020

Top 10 Housing Markets for Growth and Stability. Fri, 06/05/2020 - 09:34. To that end, SmartAsset analyzed the data to uncover which metro areas in America are the best housing markets for growth and stability. SmartAsset rounded up the top 10 cities that have delivered in home price growth and stability for 25 years.

Housing 52

Housing North Dakota Metro Colorado 52

Pro Builder

JANUARY 17, 2022

A National Inflation Storm Could Spell Trouble for America’s Housing Market. Housing is the largest expense for the vast majority of Americans, and the latest CPI report shows that it’s draining people’s bank accounts faster than ever before. Housing Policy + Finance. Mon, 01/17/2022 - 10:12. Economics.

Housing 52

Housing Leases Banking Finance 52

Pro Builder

DECEMBER 15, 2021

Instead, Clark Ivory reassumed his CEO duties and set a bold, uncharted course to diversify the company’s successful semi-custom, move-up home legacy to include affordable housing for an increasing underserved segment of buyers. Design Within Reach—Exploring Attainable Housing Options. See past Builder of the Year winners. and Outward.

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Innovation Utah Housing Products 122

BD+C

OCTOBER 28, 2024

A case for mid-rise: How multifamily housing can reshape our cities 0 qpurcell Mon, 10/28/2024 - 11:01 Multifamily Housing Often referred to as “five-over-ones,” the mid-rise apartment type is typically comprised of five stories of apartments on top of a concrete “podium” of ground-floor retail. At the end of 2020, the U.S.

Housing 52

Housing Materials Retail Concrete 52

Pro Builder

AUGUST 4, 2021

The median price of single-family built-for-sale homes started during 2020 was $336,000, according to NAHB analysis of recent data from the Department of Housing and Urban Development and the Census Bureau’s Survey of Construction. New-Home Prices Squeeze Out Lower-Income Households . For more, visit nahb.org. Building Materials.

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NAHB Remodeling Inventory Income 98

Green Building Law Update

OCTOBER 13, 2019

House of Representatives passed H.R. Although there is little if any chance that the bill will become law given the current politics in Washington, DC, the bill’s passage in the House Committee highlights that issues of ESG disclosures continuing to be pressing. On September 20, 2019, the Financial Services Committee in the U.S.

DC 120

DC Sustainability Risk Liability 120

Pro Builder

FEBRUARY 3, 2021

The unprecedented challenges our nation faced in 2020 led to numerous changes in the way we live, work, and spend our everyday lives. We also work closely with our local home builder association partners defending the interests of home builders and the housing industry in state houses, county governments, and city halls. .

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NAHB Education Housing News 98

Pro Builder

JUNE 10, 2021

President Joe Biden’s proposed $2 trillion infrastructure plan could make it easier for both first-time buyers and those seeking affordable housing, says the Washington Post. Creating affordable housing. According to Bright MLS, 2020 was the tightest housing market on record in the D.C. Housing Policy + Finance.

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Infrastructure Plans Finance Housing 52