Fed rate hike report: $1.6 billion in extra costs and cities with the least...
With credit card debt recently hitting an all-time high and the Federal Reserve set to make our debt even more expensive with another rate hike on Wednesday, the personal-finance website WalletHub today released a...
Multifamily drop pushes total housing starts down as single-family makes gains
A decline in multifamily starts pushed overall housing production down 7.0 percent in February to a seasonally adjusted annual rate of 1.24 million units, according to newly released data from the U.S. Department of...
HUD and Census Bureau report residential construction activity in February 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for February 2018. Building Permits: Privately owned housing units authorized by building permits...
Next week’s interest-rate decision: How could the Federal Reserve act—and why?
Dwight Johnston, chief economist for the California Credit Union League, made the following comments on next week’s Federal Reserve announcement of short-term monetary policy decisions (interest rates) through its Federal Open Market Committee (FOMC)...
Regulatory horror story highlights need to reform permitting process
Illustrating how the federal regulatory system has run amok and the need for Congress to pass legislation to fix a broken permitting process, a development firm today shared its three-decade nightmare with a House...
HUD Secretary Carson launches new financial controls to enhance department’s fiscal strength and integrity
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced new measures to protect the financial integrity of the agency and correct lax internal processes and controls. Secretary Carson directed HUD’s...
Builder confidence remains on solid footing in March
Builder confidence in the market for newly-built single-family homes edged down one point to a level of 70 in March from a downwardly revised February reading on the National Association of Home Builders/Wells Fargo...
New research confirms apartments outperform across time, geography and market conditions
Apartments outperform other commercial real estate property types, on both a risk-adjusted and unadjusted basis, regardless of holding period, geographic region, metro size, and growth rate according to new research from the National Multifamily...
HUD and city of Houston reach fair housing agreement
The U.S. Department of Housing and Urban Development (HUD) and the City of Houston today announced a joint agreement designed to expand housing choice and mobility for lower income residents, including those experiencing homelessness...
Secretary Ben Carson’s open letter to HUD Employees
Dear Colleagues, By now, many of you may have read media accounts indicating that we’ve changed HUD’s mission statement and that these changes signal some sort of retreat from our legal and rightful role in...
Credit card debt sets all-time record after $92 billion increase in 2017
U.S. consumers racked up $92.2 billion in credit card debt during 2017, pushing outstanding balances past $1 trillion for the first time ever, according to WalletHub’s latest Credit Card Debt Study, based on Federal...
Professional property managers have selected BlueInk’s revolutionary eSigning platform to execute HR and legal...
The National Association of Residential Property Managers (NARPM®) and BlueInk announced their partnership with the goal of expediting and better securing the workflow of NARPM®’s more than 5,000 members by providing them with free...
Statement from NAHB Chairman Randy Noel on Senate Banking Bill
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., today issued the following statement on the Economic Growth, Regulatory Relief and Consumer Protection Act...
First Command Reports: Financial readiness key challenge for military families
Financial readiness is a key challenge for career service member families, particularly among the military spouses who bear primary responsibility for managing household finances, according to the latest findings of the First Command Financial...
FHA extends foreclosure moratorium for Hurricane Maria victims
For the second time since Hurricane Maria devastated Puerto Rico and the U.S. Virgin Islands, the Federal Housing Administration (FHA) today announced that the agency is extending its 180-day foreclosure moratorium for FHA-insured homeowners...
