Yearly Archives: 2017
HUD PROVIDES $5 BILLION TO HELP TEXAS RECOVER FROM HURRICANE HARVEY
The U.S. Department of Housing and Urban Development today awarded $5.024 billion to help hard-hit areas in the State of Texas to recover from Hurricane Harvey. The grant announced today by the Trump Administration is provided through HUD’s Community Development Block Grant – Disaster Recovery (CDBG-DR) Program and will support the repair of damaged homes, businesses and critical infrastructure in the State.
Housing Starts Up Sharply, Near Post-Recession High in October
Nationwide housing starts rose 13.7 percent in October to a seasonally adjusted annual rate of 1.29 million units after a slight upward revision to the September reading, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This is the highest housing production reading since October 2016, when total starts hit a post-recession high of 1.33 million.
Delinquencies Up in MBA’s National Delinquency Survey for Q3 2017
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.88 percent of all loans outstanding at the end of the third quarter of 2017. The delinquency rate was up 64 basis points from the previous quarter, and was 36 basis points higher than one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.
Statement from NAHB Chairman Granger MacDonald on Senate Tax Reform Plan
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following statement on tax reform legislation that was approved by the Senate Finance Committee
MBA Statement on Senate Regulatory Relief Legislation
David H. Stevens, President and CEO of the Mortgage Bankers Association, released the following statement applauding Chairman Mike Crapo (R-Idaho) and a bipartisan group of cosponsors on the introduction of their regulatory relief package
Housing Starts Up Sharply, Near Post-Recession High in October
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following statement on the House passage of The Tax Cuts and Jobs Act
2018 FEDCon® Keynote Will Highlight WBDG Whole Building Design Guide®
Each year, FEDCon® gives private-sector architects, engineers, contractors and manufacturers an insight into the construction process of the different agencies of the U.S. federal government. The 2018 FEDCon® Keynote Breakfast, scheduled for Thursday, January 11, 2018, from 8:00 am to 10:00 am, during Building Innovation 2018: The National Institute of Building Sciences Sixth Annual Conference & Expo
Statement from NAHB Chairman Granger MacDonald on House Tax Reform Plan
Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following statement on the House passage of The Tax Cuts and Jobs Act:
Bishop Statement on the Appointment of Brian Steed as Director of the Bureau of...
Chairman Rob Bishop (R-UT) issued the following statement in reaction to the appointment of Brian Steed as Acting Director of the Bureau of Land Management (BLM): “Brian Steed has the expertise to help BLM partner with state and local governments to improve federal land management.
Merit Shop Scorecard 2017: ABC Ranks America’s Construction Business Climate by State
Associated Builders and Contractors (ABC) today released its annual update to “Building America: The Merit Shop Scorecard,” which takes stock of state policies that influence the success or failure of a free enterprise-based environment for construction companies.
Appraisal Institute Seeks Presentation Proposals for 2018 Annual Conference
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, is accepting proposals by Dec. 1 – just two weeks away –for presentations at the organization’s 2018 Annual Conference, July 30-Aug. 1, at the JW Marriott in Nashville, Tennessee.
As House Passes Middle-Class Tax Increase, Realtors® Say Their Work is Just Getting Started
The House of Representatives today passed H.R. 1, the “Tax Cuts and Jobs Act,” a bill National Association of Realtors® President Elizabeth Mendenhall has called an all-out assault on homeownership.
MBA Statement on FHA’s Annual Report to Congress
David H. Stevens, CMB, President & CEO of the Mortgage Bankers Association, issued the following statement regarding FHA's Annual Report to Congress. "FHA and its leadership should be commended for their continued commitment to improving the value of the FHA single-family MMI fund.
New REALTOR Benefits® Partner Helps Realtors® Maximize Social Media Marketing
The National Association of Realtors® 2017 Member Profile found that Realtors®’ web presence and use of social media continues to grow as a valuable marketing tool to reach clients and build online communities.
HGA HIRES CRAIG MCINROY AS HEALTHCARE PRINCIPAL IN SAN FRANCISCO OFFICE
HGA Architects and Engineers (HGA) is pleased to welcome Craig McInroy, AIA, as Associate Vice President and Healthcare Principal in the San Francisco office. He will help direct strategic growth and client relations for the office’s Healthcare Practice Group serving clients in northern California.
Lawyers’ Committee for Civil Rights Under Law Files Amicus Brief Showing How Discriminatory Mortgage...
This week, the Lawyers’ Committee for Civil Rights Under Law, the National Fair Housing Alliance, the Poverty and Race Research Action Council, and a group of housing scholars filed an amicus curiae, “friend of the court,” brief inCity of Oakland v. Wells Fargo & Co. a case pending in the U.S. District Court for the Northern District of California involving the harm inflicted on cities by the targeting of predatory high-cost loans at communities of color.
MBA Statement on Resignation of CFPB Director Richard Cordray
David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association, released the following statement regarding the resignation of Richard Cordray as director of the Consumer Financial Protection Bureau (CFPB):
Builder Confidence Climbs to 8-Month High in November
Builder confidence in the market for newly-built single-family homes rose two points to a level of 70 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest report since March, and the second highest on record since July 2005.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 3.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 10, 2017. This week's results do not include an adjustment for the Veterans' Day holiday.
HUD CHARGES KANSAS PROPERTY OWNERS WITH HOUSING DISCRIMINATION AFTER ALLEGED SEXUAL HARASSMENT OF TWO...
The U.S. Department of Housing and Urban Development (HUD) announced today it is charging the owner and landlord of several rental properties in Wichita, Kansas, and his wife, who co-owned one of the properties, with housing discrimination after the landlord allegedly sexually harassed two female tenants at his properties. HUD’s charge further alleges that he also made discriminatory statements based on one of the women’s race
