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NMHC/NAA Commend Regulators For Advocating a Separate Multifamily Solution In Housing Finance Reform

WASHINGTON, D.C. - February 22, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) released a strategic plan for the future of the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac today. The following is a statement from the National Multi Housing Council (NMHC) and National Apartment Association (NAA) by Cindy Chetti, NMHC Senior Vice President of Government Affairs:

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October New Home Sales Down on Higher Rates

Steadily rising mortgage rates coupled with ongoing affordability challenges kept many potential home buyers on the sidelines in October. Sales of newly built, single-family homes in October declined 17.3% to a 610,000 seasonally adjusted annual rate