HUD Closes $96.5 Million Rental Assistance Demonstration in Chicago CHA will finance the rehabilitation of a total of 500 affordable rental homes for seniors between the two properties, turning the existing housing into vibrant homes for low-income Chicago seniors. Read More U.S. Department of Housing and Urban Development https://www.hud.gov/press/press_releases_media_advisories/HUD_No_23_047
Read MoreYear: 2023
Construction Begins on 97 Affordable Homes in Montbello Neighborhood
Construction Begins on 97 Affordable Homes in Montbello Neighborhood Phase I of the Montbello FreshLo Hub to offer income-restricted rental units exclusively for individuals and families. Read More Denver Department of Housing Stability https://www.denvergov.org/Government/Agencies-Departments-Offices/Agencies-Departments-Offices-Directory/Department-of-Housing-Stability/News/Construction-Begins-on-97-Affordable-Homes-in-Montbello-Neighborhood
Read MorePending Home Sales Jump by Most Since June 2020 as Housing Market Looks to Rebound
Pending Home Sales Jump by Most Since June 2020 as Housing Market Looks to Rebound Signed contracts to buy existing homes in the U.S. rose in January in the largest monthly increase since June 2020, as the housing market sets course for rebound mode. Read More Yahoo Finance https://www.yahoo.com/news/pending-home-sales-jump-by-most-since-june-2020-as-housing-market-looks-to-rebound-150522141.html
Read MoreFannie Mae Updates Selling Guide
Fannie Mae Updates Selling Guide The March Selling Guide update introduces, as part of valuation modernization, our transition to a range of options to establish a property’s market value. Read More Fannie Mae https://singlefamily.fanniemae.com/news-events/announcement-sel-2023-02-selling-guide-updates
Read More3/3/2023 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY Mortgage Applications Decrease in Latest MBA Weekly Survey The Market Composite Index for mortgage applications fell 5.7 percent on a seasonally adjusted basis from one week earlier. Purchase loan applications declined 6 percent and were down 44 percent year-on-year. This is the second week this index is at a 28-year low. The Refinance Index decreased 6 percent from the previous week and was 74 percent lower than the same week one year ago. The adjustable-rate mortgage (ARM) share of activity increased to 8.1…
Read MorePittsburgh Home & Garden Show Returns with Old Favorites, New Offerings
Pittsburgh Home & Garden Show Returns with Old Favorites, New Offerings The 41st Annual Pittsburgh Home & Garden Show returns with innovative, convenient and attractive ideas for home and livelihood improvement. Read More Observer-Reporter https://observer-reporter.com/pittsburgh-home-garden-show-returns-with-old-favorites-new-offerings/article_eb4c71d2-b3ea-11ed-be50-ef23c5fac8ab.html
Read MoreMassachusetts to Adopt Updated Green Building Codes
Massachusetts to Adopt Updated Green Building Codes State regulators are finalizing an update to the building codes to encourage builders to shift away from fossil fuel heating and lighting in new construction as part of broader efforts to blunt the impact of climate change. Read More The Eagle Tribune https://www.eagletribune.com/news/state-to-adopt-updated-green-building-codes/article_b9e30c7e-b43e-11ed-a838-73ab2da95d7d.html
Read MoreFannie Mae Releases January 2023 Monthly Summary
Fannie Mae Releases January 2023 Monthly Summary The monthly summary report contains information about Fannie Mae’s monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees… Read More Fannie Mae News https://www.fanniemae.com/newsroom/fannie-mae-news/fannie-mae-releases-january-2023-monthly-summary
Read MoreFunding for HBA Workforce Development Programs Available
Funding for HBA Workforce Development Programs Available The National Housing Endowment (NHE) wants to challenge the building industry to help build and grow new state and local partnerships and opportunities. Read More National Association of Home Builders https://www.nahb.org/blog/2023/02/funding-for-hba-workforce-development-programs-available
Read MoreMetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY New home sales rebound sharply in January but still down 19.4 percent year-on-year Sales of new single‐family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, up 7.2 percent from December, but down 19.4 percent from January 2022. The median sales price of new houses sold in January 2023 was $427,500, down 0.7 percent year-on-year. The average sales price was $474,400, down 5.3 percent year-on-year. The estimate of new houses for sale at the end of January was 439,000. This…
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