Yearly Archives: 2018
Community Wealth Building Day Brought All of the Pieces to the Homeownership Puzzle Together...
On October 31, 2018, a beautiful, sunny, Fall day, Ms. Mikerra Weaver excitedly closed on and walked away with the keys to her very first home! She trusted the process, followed instructions, and came out as a homeowner at the end.
Strong FHA audit indicates now is the time to fix FHA’s infrastructure, reverse mortgage...
The Federal Housing Administration’s (FHA) 2018 audit report on the Mutual Mortgage Insurance Fund (MMIF) is another step on the road to full recovery from the housing crisis. However, the report also noted continued losses in the Home Equity Conversion Mortgage (HECM) program, the leading driver of FHA losses.
Top housing, political, community leaders to discuss housing policies post-midterms on Nov. 27
The National Housing Conference (NHC) will host Solutions for Affordable Housing, a post-midterm election examination of federal housing policies and their impacts on local communities. Solutions will feature a roster of top housing, political and community leaders. NHC’s first-ever Advocacy Day on Capitol Hill will follow the next day on Nov. 28.
New Hanover County Donates Property for Workforce Housing
The New Hanover County Board of Commissioners approved a resolution at the November 13 board meeting that will convey four parcels of property to Cape Fear Habitat for Humanity for the purpose of constructing workforce housing.
Builder Confidence Drops as Housing Affordability Issues Rise
Growing affordability concerns resulted in builder confidence in the market for newly-built single-family homes falling eight points to 60 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Despite the sharp drop, builder sentiment still remains in positive territory.
Statement from NAHB Chairman Randy Noel and HBI Incoming President and CEO Ed Brady...
Randy Noel, chairman of the National Association of Home Builders (NAHB) and Ed Brady, incoming president and CEO of the Home Builders Institute (HBI), issued the following joint statement regarding the First Step Act
Commercial/Multifamily Originations Slowed During the Third Quarter
A pullback in lending activity across most property types contributed to a decline in total mortgage loan originations during the third quarter, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
October New Home Purchase Mortgage Applications Decrease 2.1 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2018 shows mortgage applications for new home purchases decreased 2.1 percent from a year ago. Compared to September 2018, applications increased by 11 percent. This change does not include any adjustment for typical seasonal patterns.
MBA’s Broeksmit Comments On FHA’s Annual Report to Congress
Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), issued the following statement regarding the U.S. Department of Housing and Urban Development's (HUD) Annual Report to Congress Regarding the Financial Status of the FHA Mutual Mortgage Insurance Fund
Habitat passes 22 million people served in record-setting year providing affordable housing solutions around...
More than 22 million people have secured new or improved housing through Habitat for Humanity since the organization was founded in 1976, with more than 8.7 million people served in the last year alone.
Rising mortgage rates, home prices are becoming a toxic cocktail in the housing market
Millenials are entering the housing market at a tumultuous time - many want to buy, but few can seem to afford it. Follow along with the Gliddens, a Washington, DC couple looking to set down
The Boulder Group Arranges Sale of Net Leased O’Reilly Auto Parts
The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant O’Reilly Auto Parts located at 287 N Ron McNair Boulevard in Lake City, South Carolina for $1,045,000.
CONSTRUCTION EMPLOYMENT RISES FROM OCTOBER 2017 TO OCTOBER 2018 IN 44 STATES AND D.C.;...
Forty-four states and the District of Columbia added construction jobs between October 2017 and October 2018, while 36 states and D.C. added construction jobs between September and October, according to an analysis by the Associated General Contractors of America of Labor Department data released today.
5 Ways the New Congress Should Support Resilient Infrastructure Designed to Handle Severe Weather,...
When the new Congress considers upgrading the nation’s crumbling infrastructure, lawmakers must do so in ways that help states and localities plan for the effects of more extreme weather and other climate change threats, according to a new analysis from the Center for American Progress.
ABC Elects 2019 National Chair, Executive Committee
The Associated Builders and Contractors Board of Directors elected Tony Rader, telecom vice president for National Roofing Partners, to serve as the 2019 national chair during the association’s annual Leadership Institute in Las Vegas. Ray Zamora, president of AnchorBuilt Inc., was elected chair-elect, and Steve Klessig, vice president of architecture and engineering, Keller Inc., was elected secretary.
Newest REALTOR Benefits® Partner Adwerx Helps Realtors® Boost Marketing Strategy
The more than 1.3 million members of the National Association of Realtors® now have access to an exclusive benefit through the digital advertising platform Adwerx(link is external), in partnership with NAR's REALTOR Benefits® Program.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 3.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 9, 2018.
Norton Welcomes New Members of Congress to D.C., Encourages Them to Support D.C. Statehood...
The office of Congresswoman Eleanor Holmes Norton (D-DC) today released Norton’s biennial letter to new Members of the House and Senate encouraging them to live in the District of Columbia, asking them to respect D.C. home rule while legislating and inviting them to cosponsor her D.C. statehood bill.
How to Write an Efficient Real Estate Business Plan
An entrepreneur does not create a company just to earn money, he needs to have a challenge and win that challenge. Creating a real estate business is highly profitable and accessible to anyone with the qualities an entrepreneur needs. Like everything in life, success in this business depends on the small details. Managing a real estate business is not exactly creating a real estate. Let's talk properly. A real estate or real estate office carry a place at street level and an infrastructure with several commercial and non-commercial personnel.
USGBC Announces all LEED Certified Green Buildings Eligible for LEED Recertification
The U.S. Green Building Council (USGBC) announced that it will begin offering LEED recertification for all LEED certified projects. To be eligible for certification, projects must submit 12 months of data demonstrating continued or improved performance.
