Remove Banking Remove Finance Remove NAHB
article thumbnail

Solutions to Housing Affordability

Pro Builder

One side was summarized by “Deregulate construction, deregulate banking, deregulate oil exploration, freeze environmental regulations, and stop raising taxes,” while the opposite end of the spectrum can be characterized by “Housing [that] enjoys government preference [if sold] only to urban, low-income families.”. Housing Policy + Finance.

Housing 98
article thumbnail

When Will the Fed’s Rate Hikes Come to an End?

Pro Builder

The Federal Reserve is continuing to tighten its monetary policy, announcing its fourth consecutive 75 basis point rate increase that will push the fed funds rate to a 15-year high, according to NAHB Eye on Housing. Housing Policy + Finance. Financing. for the federal funds rate. Affordability.

Finance 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mortgage Rates Decline, But Credit For Builders Tightens

Pro Builder

The second quarter brought upon tightening credit for builders and developers, NAHB reports. The association’s survey on financing for Acquisition, Development, and Construction (AD&C) found the net tightening index to be 12.0, For this index, the higher the number, the worse the net bank tightening.

NAHB 52
article thumbnail

Leading the Home Building Industry: Pro Builder's 2021 Forty Under 40

Pro Builder

Education • BA, Business Administration, The George Washington University • MDes, Real Estate Development and Finance, Harvard University. Extracurricular • Member, Junior League of Chattanooga • Member, Central Oklahoma Home Builders Association • Volunteer with the Chattanooga Area Food Bank and Chattanooga pet food pantry.

article thumbnail

Federal Reserve Will Not Taper Monthly Bond Purchases Just Yet

Pro Builder

The central bank continues to monitor inflation data, including ongoing, elevated levels of commodities and building materials such as and lumber and OSB. The NAHB forecast has projected higher interest rates as the economy expands. Housing Policy + Finance. wage gains without accompanying labor productivity gains). Financials.

article thumbnail

2023 Nationals Winners: Home Building Sales and Marketing Magicians

Pro Builder

The result: Pacesetter University, an in-house, year-long program that covers all of the topics a high-level salesperson should understand, including product knowledge, construction, land features, negotiating, finance, and more. In addition to the sales team, the marketing, contracts, and closing departments also enrolled in the university.

Texas 98
article thumbnail

Electrical Component Shortage Requires Action

Pro Builder

Last October, NAHB joined with two other construction industry groups in writing a letter to the White House and key cabinet secretaries asking the Biden administration to take action on the transformer shortage. Both the NAHB and Fed indices were negative in Q3, indicating tightening credit conditions (see chart, below).