HUD tells public housing authorities and private owners to protect residents from carbon monoxide
In an effort to protect families living in federally subsidized housing from potentially deadly carbon monoxide (CO), the U.S. Department of Housing and Urban Development (HUD) today sent all public housing authorities and private...
Construction materials prices flat in May
The Bureau of Labor Statistics (BLS) released its producer price index report for May 2020. It showed that overall prices for processed goods for intermediate demand rose by 0.1 percent, breaking a string of...
Lack of existing inventory boosts builder confidence to key marker
Limited existing inventory, which has put a renewed emphasis on new construction, resulted in a solid gain for builder confidence in May even as the industry continues to face several challenges, including building material...
Fannie Mae launches rent payment reporting program to help renters build credit
Fannie Mae announced the launch of its Multifamily Positive Rent Payment Reporting pilot program, aimed at helping renters build their credit history and improve their credit score. Beginning September 27, 2022, eligible multifamily property owners can share...
Builder sentiment unchanged in April
Builder sentiment was flat in April as mortgage rates remained close to 7% over the past month and the latest inflation data failed to show improvement during the first quarter of 2024.
Builder confidence in...
Low inventory leads to solid gains in new home sales
Fueled by strong demand, low existing inventory and buyers' anticipation of future higher mortgage rates, new home sales posted a solid gain last month. Sales of newly built, single-family homes in September rose 14 percent to an...
ULI Foundation announces $1 million gift to launch effort to decarbonize cities
The Urban Land Institute (ULI), a global research and education organization focused on shaping the future of the built environment for transformative impact in communities worldwide, has received a major gift that will support...
Increasing housing supply critical for Fed’s fight on inflation
With shelter inflation accounting for a staggering 90 percent of the overall inflation rate last month, the National Association of Home Builders (NAHB) is calling on policymakers at all levels of government to take...
September job openings reported higher
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in September was 9.55 million. This was reported to be up 55,000...
Builder confidence down on rising material prices, upsurge in COVID-19 cases
Rising material costs led by a huge upsurge in lumber prices along with a resurgence of the coronavirus across much of the nation pushed builder confidence in the market for newly built single-family homes down three points...
Broad coalition of housing providers and lending associations warns FHFA against rent control
Eighteen associations representing housing providers, lenders and residents today sent a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson warning that mandatory rent control and rent stabilization policies will increase rents, reduce...
Multifamily construction sentiment declines in second quarter
Confidence in the market for new multifamily housing decreased in the second quarter, according to results from the Multifamily Market Survey (MMS) released August 19 by the National Association of Home Builders (NAHB). The...
HUD makes record $2.3 billion available to support thousands of local homeless programs
In a continuing effort to prevent and end homelessness, the U.S. Department of Housing and Urban Development (HUD) today is making a record $2.3 billion available to support thousands of local homeless assistance programs...
Single-family starts remain lackluster, but expected to begin sustained rebound later this year
Single-family production remained at an anemic pace in February as builders continue to wrestle with elevated mortgage rates, high construction costs and tightening credit conditions that threaten to be exacerbated by recent turmoil in...
Real estate industry calls for an end to nationwide eviction moratorium on June 30
A broad real estate coalition applauded the measures President Biden has taken to stabilize the housing sector and urged the administration to sunset the federal moratorium on evictions on June 30, 2021.
In a joint...
