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...
Senior living community reputations succeed or fail based on quality of their staff, J.D....
The key to winning the hearts and minds of senior living community residents and their families is ensuring the facility has a great staff that communicates clearly, knows personal details about residents and makes...
Rate Desk April 7, 2020
April 7 edition
DJIA up 22,789
V-shaped recovery possible
Stocks on track for 2-day win
US Treasury opened at .77
FHA 223(f) tightened 2.57%
FHA 221(d)(4) still 3.30%
Fannie 3.36%
Freddie 3.44%
Freddie requires...
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...
Multifamily faces a packed development pipeline
Apartment developers have not been shy about bringing new product to market in recent years. And early indications are that 2020 will be another boffo year. The question is after several big years of...
Switching off from work has never been harder, or more necessary
In the hit dystopian TV series Severance, employees at biotech corporation Lumon Industries find it easy to separate work and home life. A computer chip is inserted in their brains to act as a...
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...
Demographic shifts in the workforce will make winners and losers
By 2030, approximately 693 million baby boomers will have reached retirement age. Meanwhile, nearly twice as many members of Generation Z—1.3 billion—will join the workforce over that time. This dramatic shift will have huge...
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...
Robert Golden Named Chief Executive Officer of Boston Financial
Boston Financial, one of the largest and most established syndicators of U.S. Low-Income Housing Tax Credits (“LIHTC”), announced that Robert “Rob” Golden has been named Chief Executive Officer (CEO) of the firm, effective May...
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...
Property rights versus labor unions in the Supreme Court
As the Supreme Court’s recent Obamacare case illustrates, the justices no longer enforce most of the Constitution’s limits on the federal government. But a new property rights decision demonstrates how they are super-enforcing the...
Right time. Right place.
Layoffs at American tech companies have become an opportunity for small businesses, as highly skilled workers look for new work.
Small businesses with less than 250 workers employed 58 percent of the total workforce in...
Rate Desk April 3, 2020
April 3 edition
HUD FHA rates at 2.80 for 223F
New construction at 3.50 (40 year fixed)
10 year US treasury at 59 bp
HUD requiring reporting of impacts of C-19
HUD and agency...
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...
