NAHB Now's Latest Posts
NAHB congratulated Donald Trump today after he was sworn as the 45th President of the United States of America.
Fueled by a growing economy, solid employment gains and rising household formations, single-family production will continue on a gradual, upward trajectory in 2017, according to economists speaking at the NAHB International Builders’ Show in Orlando, Fla. today.
In a move that will make home loans more affordable, the Federal Housing Administration announced today that it will reduce the annual premiums most of its borrowers pay on mortgage insurance premiums by 0.25 percentage points from 0.85% to 0.60%. The agency said that the new lower premium rates are projected to save new FHA-insured home owners an average of $500 this year.
Eugene Graf IV, a home builder from Bozeman, Mont. and NAHB member, is running for Congress. Graf is seeking the Republican Party’s nomination in an anticipated special election to replace Rep. Ryan Zinke, who was nominated by President-elect Donald Trump to be the next secretary of the interior.
The Bloomberg Editorial Board has outlined a thoughtful approach to transition Fannie Mae and Freddie Mac and attract badly needed private capital back into the marketplace.
Illinois home builder Ed Brady, who is also the outgoing 2016 NAHB chairman, is among the candidates that the Trump transition team has talked to about becoming the next Federal Housing Administration (FHA) commissioner.
With a stopgap fiscal 2017 bill to fund the federal government set to expire on Dec. 11, Congress today approved another continuing resolution that will extend current funding levels for most federal agencies through April 28.