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Fannie Mae, Freddie Mac Multifamily Lending Caps Hold Steady in 2019

Filed in Housing Finance, Multifamily by on November 6, 2018 0 Comments
Fannie Mae, Freddie Mac Multifamily Lending Caps Hold Steady in 2019

The Federal Housing Finance Agency (FHFA) announced today that multifamily lending caps for Fannie Mae and Freddie Mac will be $35 billion for each enterprise in 2019, unchanged from the 2018 caps.

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Colorado Members Hear from White House on State’s Economic Success

Filed in Economics by on October 22, 2018 0 Comments
Colorado Members Hear from White House on State’s Economic Success

In an Oct. 16 conference call with Colorado business leaders and members of the home building community, Kevin Hassett, the chairman of the president’s Council of Economic Advisers, cited several key economic accomplishments of the Trump administration.

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Labor Shortages are Raising Home Prices

Filed in Economics, Labor, Safety and Health by on October 19, 2018 1 Comment
Labor Shortages are Raising Home Prices

Last month, NAHBNow recounted the record share of single-family builders reporting shortages of labor and subcontractors based on a recent survey conducted by the association. View the three most widespread effects of the labor shortages.

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Senate Candidate Mitt Romney Speaks to Salt Lake HBA

Filed in Capitol Hill by on October 18, 2018 0 Comments
Senate Candidate Mitt Romney Speaks to Salt Lake HBA

A packed hall of builder members came on Oct. 15 to hear Romney, whom NAHB is endorsing to succeed retiring Sen. Orrin Hatch.

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Sen. Heller Introduces Tax Credit Proposal Targeting Low-Income Seniors

Filed in Capitol Hill, Multifamily by on October 17, 2018 2 Comments
Sen. Heller Introduces Tax Credit Proposal Targeting Low-Income Seniors

Sen. Dean Heller (R-Nev) on Oct. 11 introduced the Seniors Affordable Housing Tax Credit Act (S. 3580), legislation that would provide tax credits to building owners who lease units to low-income seniors.

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Average New Lot Size Remains at Record Low

Filed in Economics by on October 16, 2018 1 Comment
Average New Lot Size Remains at Record Low

The median lot size of a new single-family detached home sold in 2017 was 8,560 square feet, or just under one-fifth of an acre. While only two square feet smaller than 2016’s median lot size, it is still the lowest number since the Census Bureau’s Survey of Construction (SOC) started tracking the series for single-family detached homes in 1992.

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Top 10 Publicly-Traded Builder Share Lower in 2017

Filed in Economics, Home Building by on October 12, 2018 2 Comments
Top 10 Publicly-Traded Builder Share Lower in 2017

The top 10 publicly-traded builders in 2017 captured a 25.5% share of new single-family home closings, down from 27.4% in 2016. The data is based on their latest 10K filings with the Securities and Exchange Commission, which provide a comprehensive summary of each firm’s financial performance.

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New Trade Deal Could Open Door for Future Lumber Talks

Filed in Trade by on October 3, 2018 8 Comments
New Trade Deal Could Open Door for Future Lumber Talks

The new trade deal between the U.S., Canada and Mexico that will replace the North American Free Trade Agreement (NAFTA) with the United States-Mexico-Canada Agreement or USMCA has the potential to yield positive developments regarding the ongoing U.S.-Canada lumber trade dispute.

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FHA Extends Multifamily Risk-Sharing Initiative Through Dec. 31

Filed in Housing Finance, Multifamily by on October 1, 2018 0 Comments
FHA Extends Multifamily Risk-Sharing Initiative Through Dec. 31

The Federal Housing Administration will extend its multifamily risk-sharing initiative with the Federal Financing Bank for eligible housing finance agencies through Dec. 31, 2018.

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Trump Signs Bill to Keep Government Running

Filed in Capitol Hill by on September 28, 2018 0 Comments

President Trump today signed legislation to fund the Departments of Defense, Labor, Education, and Health and Human Resources through fiscal year 2019, which ends on Sept. 30. All other agencies that have not yet received appropriations, including HUD and the U.S. Department of Agriculture, will be funded at fiscal 2018 levels under a continuing resolution that will expire at 11:59 p.m. on Dec. 7.

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