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‘Public Charge’ Rule Finalized

Filed in Codes and Regulations, Legal by on August 20, 2019 0 Comments
‘Public Charge’ Rule Finalized

The Trump administration last week finalized its “public charge” rule. The term refers to a person who is primarily dependent on the government for support. The new rule broadens the definition of who is considered a public charge to include immigrants who receive substantially less government assistance through programs such as housing assistance, food stamps or public health insurance.

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Millennials Show a Growing Preference for New Homes

Filed in Economics, Housing Trends by on August 20, 2019 0 Comments
Millennials Show a Growing Preference for New Homes

There is a noticeable upward trend in the percentage of millennials who desire a new home built for sale offered by a builder, according to a recent study by the NAHB Economics team.

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FHA Announces New Condo Approval Rule

Filed in Housing Finance by on August 16, 2019 0 Comments
FHA Announces New Condo Approval Rule

The Federal Housing Administration (FHA) this week published a final regulation that establishes a new condominium approval process.

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Final ESA Rules will Streamline the Permitting Process

Filed in Codes and Regulations, Environmental by on August 12, 2019 3 Comments
Final ESA Rules will Streamline the Permitting Process

In a victory for NAHB, the Trump administration today released final rules updating the Endangered Species Act (ESA) Section 7 Consultation requirements and new regulations governing the designation of critical habitat that will improve the overall efficiency of the ESA’s permitting process and make compliance less onerous for home builders and developers.

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Millennial Home Preferences vs. Other Generations

Filed in Economics, Housing Trends by on August 9, 2019 4 Comments
Millennial Home Preferences vs. Other Generations

A recent study by the NAHB Economics department highlights the differences between millennial home buyer preferences and other generations over recent years.

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Why Lower Interest Rates are Not Boosting the Housing Market

Filed in Affordability, Economics, Housing Finance by on August 8, 2019 3 Comments
Why Lower Interest Rates are Not Boosting the Housing Market

Recent jolts to the economy stemming in part from an intensified trade war with China have worried markets and resulted in a significant decline in interest rates as investors have shifted from equity to bonds. Lower interest rates present an opportunity for the housing market, which has failed so far to respond energetically to this positive development due to prior housing affordability headwinds.

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Top 10 Features Millennials Want — and Don’t Want

Filed in Economics, Housing Trends by on August 7, 2019 0 Comments
Top 10 Features Millennials Want — and Don’t Want

At least four out of five millennial buyers prefer laundry rooms, hardwood front exteriors, patios and garage storage. Conversely, they give a thumbs down to elevators, wine cellars and laminate countertops.

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Labor Shortages Still Hurting Affordability

Labor Shortages Still Hurting Affordability

Labor and subcontractor shortages remained widespread in July of 2019 and are continuing to impact the industry in a number of ways — including putting additional upward pressure on new home prices — according to a recent survey conducted by NAHB.

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Fed Rate Cut Good for Housing

Filed in Economics, Housing Finance by on July 31, 2019 0 Comments
Fed Rate Cut Good for Housing

In a policy change widely expected and good for housing and home building, the Federal Reserve today reduced its key, short-term federal funds rate by 25 basis points to a top rate of 2.25%. The housing sector continues to face affordability headwinds, and today’s action by the Fed will help by reducing borrowing costs.

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Housing’s Share of GDP Declines on Affordability Factors

Filed in Economics by on July 31, 2019 0 Comments
Housing’s Share of GDP Declines on Affordability Factors

An analysis in a recent Eye on Housing blog post by NAHB Chief Economist Robert Dietz reveals that ongoing housing affordability concerns marked by a lack of supply are having a negative impact on the economy.

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