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FHFA Extends Support for Borrowers Through Nov. 30

Filed in Advocacy, Disaster Response, Housing Finance by on October 19, 2020 0 Comments
FHFA Extends Support for Borrowers Through Nov. 30

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend several loan origination flexibilities until Nov. 30, 2020.

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Lot Values Down in 2019

Filed in Economics, Land Development, Trends by on October 19, 2020 0 Comments
Lot Values Down in 2019

Median single-family lot prices came down in 2019, breaking their relentless climb for the first time since 2013, according to NAHB’s analysis of the Census Bureau’s Survey of Construction data, The 2019 median lot price was $45,000, which amounts to a 9% decline since 2018, when half of the lots were selling at or above $49,500.

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SBA, Treasury Ease PPP Forgiveness Requirements for Loans of $50,000 or Less

Filed in Advocacy, Disaster Response, Housing Finance by on October 9, 2020 0 Comments
SBA, Treasury Ease PPP Forgiveness Requirements for Loans of $50,000 or Less

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, has released a simpler loan forgiveness application for business owners who received Paycheck Protection Program (PPP) loans of $50,000 or less.

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CFPB Updates Rules on Marketing Service Agreements

Filed in Advocacy, Housing Finance by on October 8, 2020 0 Comments
CFPB Updates Rules on Marketing Service Agreements

The Consumer Financial Protection Bureau (CFPB) on Oct. 7 rescinded a 2015 bulletin that obscured the compliance requirements for marketing service agreements.

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Regional Variations on Most Popular Exterior Wall Materials

Filed in Design, Economics, Trends by on October 8, 2020 1 Comment
Regional Variations on Most Popular Exterior Wall Materials

What were the most popular exterior wall materials on homes started in 2019? Four types of materials dominate but there are large regional differences.

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Median Single-Family Lot Size Hits Record Low

Filed in Economics, Trends by on October 7, 2020 0 Comments
Median Single-Family Lot Size Hits Record Low

The median lot size for new single-family detached homes that were sold in 2019 dropped to a record-low 8,177 square feet, down 390 square feet since 2018, according to the latest figures from the Census Bureau.

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NAHB Seeks Quick Resumption of Coronavirus Stimulus Talks

Filed in Advocacy, Disaster Response by on October 6, 2020 1 Comment
NAHB Seeks Quick Resumption of Coronavirus Stimulus Talks

President Trump announced today that he is calling off coronavirus stimulus negotiations with Democrats until after the November election. NAHB is urging the White House and Democrats to put politics aside and move quickly to resume talks that will result in a relief package that will help American home owners, renters and small businesses.

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NAHB Urges Congress to Reach Agreement on Coronavirus Relief Package

Filed in Advocacy, Disaster Response by on October 1, 2020 1 Comment
NAHB Urges Congress to Reach Agreement on Coronavirus Relief Package

As negotiations continue between House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin on another COVID-19 stimulus package, NAHB is urging the White House and Republican and Democratic leaders to move swiftly to advance a bill that will provide relief to American home owners and renters, create a streamlined, simplified forgiveness process for Paycheck Protection Program (PPP) loans, and provide state and local home builders associations access to PPP loans.

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How Long Does it Take to Build a Single-Family Home?

Filed in Economics, Trends by on September 30, 2020 9 Comments
How Long Does it Take to Build a Single-Family Home?

The average completion time of a single-family house is around 8.1 months, which usually includes a little over a month from authorization to start and another seven months to finish the construction, according to the 2019 Survey of Construction (SOC) from the Census Bureau.

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Financial Stability Oversight Council Supports FHFA Capital Proposal

Filed in Advocacy, Housing Finance by on September 28, 2020 0 Comments
Financial Stability Oversight Council Supports FHFA Capital Proposal

The Financial Stability Oversight Council voted unanimously on Sept. 25 to support a resolution in favor of the Federal Housing Finance Agency’s (FHFA) re-proposed capital framework for Fannie Mae and Freddie Mac that was issued this spring. Created by the Dodd-Frank Act of 2010, the Financial Stability Oversight Council is a committee responsible for monitoring the financial system in the United States.

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