HUD warns California landlords for failing to comply with lead safety regulations
The U.S. Department of Housing and Urban Development (HUD) today announced it issued notices of violation against the owners of eight HUD-assisted properties throughout California for violations of HUD’s lead safety rules and regulations. These...
Commercial/multifamily mortgage debt outstanding posts largest Q1 increase since before Great Recession
The level of commercial/multifamily mortgage debt outstanding increased by $44.3 billion in the first quarter of 2018 as all four major investor groups increased their holdings. That is a 1.4 percent increase over the...
HUD approves $5 billion Texas disaster recovery plan
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced he is approving a disaster recovery plan to help Texans recover from Hurricane Harvey. In November, HUD Deputy Secretary Pamela Hughes...
Statement from NAHB Chairman Randy Noel on rules pertaining to AHPs
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom builder from LaPlace, La., today issued the following statement regarding the Trump administration's finalized rule promoting association health plans: "NAHB commends President Trump and...
Housing starts reach post-recession high in May as permits soften
Total housing starts rose 5 percent in May to a seasonally adjusted annual rate of 1.35 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This...
LIXIL Americas, makers of American Standard, contribute to skilled labor fund
The National Housing Endowment, the philanthropic arm of the National Association of Home Builders (NAHB), today welcomed a significant donation from plumbing fixture manufacturer LIXIL Americas for the Skilled Labor Fund, an industry-wide effort to provide scholarships...
Builder confidence slips two points as lumber prices soar
Builder confidence in the market for newly-built single-family homes fell two points to 68 in June on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The decline was due in large part to sharply...
Statement from NAHB Chairman Randy Noel on EPA sending revised WOTUS rule to OMB
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued the following statement after the Environmental Protection Agency (EPA) announced that a revised Waters of the U.S....
Ginnie Mae MBS outstanding increases to $1.960 trillion
Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled slightly more than $35 billion in May. A breakdown of May issuance includes $33.431 billion of Ginnie Mae II MBS and $1.890 billion...
HUD approves agreement settling housing discrimination complaint against two San Francisco real estate companies
The U.S. Department of Housing and Urban Development (HUD) announced today that it has approved a Voluntary Compliance/Conciliation Agreement settling a complaint filed by a family whose infant has a disability against San Francisco,...
Risk levels of rental applicants improving, but property managers still face challenges
Risk levels of renters continued to improve at the beginning of 2018, especially in cities where jobs are strong and rental prices remain affordable. These findings from TransUnion (NYSE: TRU) Rental Screening Solutions were...
More than 30 percent of multifamily development cost attributable to regulation, according to new...
Regulation imposed by all levels of government accounts for an average of 32.1 percent of multifamily development costs, according to new research released today by the National Association of Home Builders (NAHB) and the National Multifamily Housing...
Nearly 40 percent of renters passed on an apartment because they couldn’t find time...
Over 40 percent of U.S. adults have searched for an apartment in the last two years, yet four in 10 have passed on an apartment because they couldn’t find time to see it, and...
Federal government reaches historic agreement with New York city housing authority to improve health...
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a historic agreement with the nation’s largest public housing authority to correct dangerous lead-based paint and other health and safety hazards. HUD, the...
Secretary Carson kicks off Envision Center demonstration
U.S. Housing and Urban Development (HUD) Secretary Ben Carson traveled to his hometown of Detroit today to announce the first round of ‘EnVision Center’ designations in 17 communities around the nation. One of Secretary...
