How Construction Costs, Lot Prices Impacted Sales in 2017

Filed in Economics, Home Building by on December 11, 2017 0 Comments
How Construction Costs, Lot Prices Impacted Sales in 2017

According to a recent NAHB survey of home builders, construction costs account for 55.6% of the final sales price of the average new home.

Continue Reading »

Aging-in-Place Modifications Featured in Museum Display

Filed in Design, Education by on December 11, 2017 0 Comments
Aging-in-Place Modifications Featured in Museum Display

A new exhibit at Washington’s National Building Museum celebrates the flexibility of modern home design and features the role of the Certified Aging-in-Place Specialist in helping to ensure that home owners can live safely in their own homes even as they become less mobile.

Continue Reading »

D.C. School Attracts Kids to the Trades

Filed in Construction Industry, Education by on December 8, 2017 0 Comments

There’s an education revolution brewing right in the middle of the nation’s capital: The Washington Post reports that Phelps ACE High School, once derided as “an academic dumping ground” and then closed all together, has been reborn as a high school specializing in architecture, construction and engineering — and attracting new students.

Continue Reading »

FHA to Halt Insuring New Mortgages with PACE Obligations

Filed in Housing Finance by on December 8, 2017 1 Comment
FHA to Halt Insuring New Mortgages with PACE Obligations

On Dec. 7, the Federal Housing Administration (FHA) issued Mortgagee Letter 2017-18 announcing the agency will no longer insure new mortgages on properties that include Property Assessed Clean Energy (PACE) assessments. This reverses policy announced by the agency in July of 2016. The directive applies only to new mortgages.

Continue Reading »

Congress Approves Short-Term Extension to Keep Government Running

Filed in Capitol Hill by on December 8, 2017 0 Comments

To avert a government shutdown on Dec. 8, Congress today approved a short-term continuing resolution to keep the government running for two more weeks until Dec. 22. This also means that the National Flood Insurance Program will be extended through Dec. 22.

The federal government funding package also means that the National Flood Insurance Program (NFIP), which was set to expire on Dec. 8, will be extended until Dec. 22.

Continue Reading »

NAHB Launches Instagram Consumer Initiative

Filed in Membership by on December 8, 2017 0 Comments
NAHB Launches Instagram Consumer Initiative

The new NAHB @homebuilders Instagram account “is designed to build awareness among the home buying audience of the craftsmanship and innovation of NAHB members,” said NAHB Chairman Granger MacDonald. “We want Instagram’s 700 million monthly users to see how our members are building homes, enriching communities and changing lives.”

Continue Reading »

FHA Loan Limits to Rise in More than 3,000 Counties in 2018

Filed in Housing Finance by on December 7, 2017 0 Comments

The Federal Housing Administration today announced its loan limits for 2018. The nationwide rise in median home prices indicates buyers in more than 3,000 counties will see increases.

Continue Reading »

NAHB Disappointed in ITC Canadian Lumber Ruling

Filed in Construction Industry by on December 7, 2017 0 Comments
NAHB Disappointed in ITC Canadian Lumber Ruling

NAHB Chairman Granger MacDonald said the association is not satisfied with today’s ruling by the International Trade Commission that lumber shipments from Canada pose a threat of injury to domestic lumber producers.

Continue Reading »

WOTUS Rule Would be ‘Devastating,’ Builder Tells Capitol Hill

WOTUS Rule Would be ‘Devastating,’ Builder Tells Capitol Hill

The 2015 rule defining “waters of the United States” would be devastating for his business, said NAHB member Doug Davis at a briefing for congressional staff in Washington, D.C. Dec. 6.

Continue Reading »

A Positive Development on Housing Finance Reform

Filed in Capitol Hill, Housing Finance by on December 7, 2017 0 Comments
A Positive Development on Housing Finance Reform

House Financial Services Committee Chairman Jeb Hensarling spoke out yesterday on the need to enact comprehensive housing finance reform and acknowledged that a final package would likely contain some kind of federal backstop.

Continue Reading »

Advertisement