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State Farm and Habitat for Humanity International continue national partnership
State Farm announced today it is continuing its national partnership with Habitat for Humanity International. Through the partnership this year, the company is awarding $820,000 in grant
CONSTRUCTION SPENDING SLIDES 0.3 PERCENT IN JUNE AS DROP IN HOMEBUILDING AND MAJOR PUBLIC...
Construction Spending Dropped to a Seasonally Adjusted Annual Rate of$2.148 trillion in June as Construction Officials Urge Biden
Pending Home Sales Rose 4.8% in June
Pending home sales in June ascended 4.8%, according to the National Association of REALTORS®. All four U.S. regions posted monthly gains in transactions. Year-over-year, the Northeast, Midwest and South registered declines, while the West increased.
Home Equity Lending Volume Stays Relatively Flat in 2023, Debt Outstanding Increases
Total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased in 2023 by 1.5 percent compared to the previous year, while debt
New Home Sales Soft in June as Mortgage Rates Remain Near 7%
Elevated mortgage rates continue to keep buyers on hold, as new home sales remained relatively flat in June. Sales of newly built, single-family homes in June fell 0.6% to a 617,000 seasonally
CONSTRUCTION EMPLOYMENT INCREASES IN 215 OF 358 METRO AREAS FROM JUNE 2023 TO JUNE...
Houston-The Woodlands-Sugar Land, Texas and Lawton, Okla. Experience Highest Number and Percentage of Year-over-Year Job
Capital Impact Partners Launches Free Training Program for Atlanta’s Emerging Real Estate Developers
A new program will help Atlanta’s emerging real estate developers overcome the systemic obstacles that have prevented them from
New Hawaii Law Will Protect Homebuyers from Predatory Contracts
The American Land Title Association (ALTA), the national trade association of the land title insurance industry, AARP and the Hawai‘i Land Title Association (HLTA) applaud the Hawai‘i
Existing-Home Sales Slipped 5.4% in June; Median Sales Price Jumps to Record High of...
Existing-home sales fell in June as the median sales price climbed to the highest price ever recorded for the second consecutive month, according to the National Association of REALTORS®. All
June New Home Purchase Mortgage Applications Increased 0.7 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for June 2024 shows mortgage applications for new home purchases increased 0.7 percent compared from a year
Single-Family Starts Weaken in June
Elevated interest rates for home mortgages and construction and development loans kept single-family production and demand in check during June. Overall housing starts increased 3.0% in June to a seasonally adjusted annual rate of 1.35 million units
ULI Foundation Secures Million-Dollar Gift to Help Cities Solve Complex Land Use Challenges
The Urban Land Institute Foundation (ULIF) announced today a $1 million donation from long-time ULI leader and trailblazer in multi-family and residential real estate, James D. Klingbeil
NAREB’S MESSAGE TO BLACK CONSUMERS IN THE WAKE OF MAJOR PROCEDURAL CHANGES LOOMING IN...
In the near future, the home buying process will undergo significant change, particularly in the dynamics between homebuyers, sellers, and the real estate agents facilitating the transactions. These changes, stemming from a potential court case settlement, will redefine how home sellers compensate agents for the buyers of their home.
Governor Healey announces $6.7 million in state funding to build mixed income apartments on...
Spring Rock Village, a largely affordable housing development to be built by nonprofits Preservation of Affordable Housing and Housing Assistance, will receive $6.7 million in state funding according to an announcement by Governor Maura Healey and Housing and Livable Communities (EOHLC) Secretary Ed Augustus on June 20.
Higher Rates Continue to Sideline Home Buyers
Mortgage rates that averaged 7.06% in May per Freddie Mac, the highest monthly average since last November, put a damper on new home sales last month. Sales of newly built, single-family homes in May fell 11.3% to a 619,000 seasonally adjusted annual
National Housing Conference strengthens Board with new leaders, sustains diversity and expertise
The National Housing Conference (NHC) Board of Governors is pleased to announce its Executive Committee, including new
Higher Rates Continue to Sideline Home Buyers
Mortgage rates that averaged 7.06% in May per Freddie Mac, the highest monthly average since last November, put a damper on new home sales last month. Sales of newly built, single-family homes in May fell 11.3% to a 619,000 seasonally adjusted annual
PROPOSED NEW FEDERAL HEAT RULE PRIMARILY MANDATES SAFETY MEASURES THAT THE CONSTRUCTION INDUSTRY ALREADY...
Construction Association Officials Note that New Proposal, However, Fails to Address Regional Weather Variations, Should
Housing Solutions Coalition: There Is No Debate. Rent Caps Hurt Renters and Communities
Statement from the Housing Solutions Coalition in reference to President Biden’s mention of capping rents during the debate. “Decades of academic research from across the United States and
Existing-Home Sales Edged Lower by 0.7% in May as Median Sales Price Reached Record...
Existing-home sales slightly declined in May as the median sales price climbed to a record high, according to the National Association of REALTORS®. In the four major U.S. regions, sales
