Year: 2024

Finance is Shaping Homebuilding Today

Hanna

Resolution and adaptability are key for builders to deliver a much-needed supply of homes By Michael Berke As builders strive to overcome financing obstacles, the challenging environment is fueling clear shifts in the industry. Financing constraints have created disruption and uncertainty for many who fight to commence their projects. Simultaneously, the desire for homeownership remains strong and supply is short. The effort for builders and developers to fill their capital stack has become burdensome. Those projects that still make sense find their home prices increasing to maintain margins. Many fully…

Read More

2024 Housing Market Outlook

Hanna

Though things are looking up, it’s not too hot, not too cold, but not quite right either  By Mark Fleming The housing market has been on quite the roller coaster ride since the beginning of the pandemic. While it was strong before 2020, the onset of the pandemic and the societal changes it triggered redefined the role of a home. As work-from-home became the new normal, a house was no longer just a dwelling or a vehicle for wealth creation, but also an office, a classroom, a daycare and even…

Read More

Mortgage Rates Will Drop Below 6% This Year, Says Fannie Mae

Hanna

Fannie Mae, a government-sponsored enterprise that purchases home loans from mortgage lenders, recently released a report predicting that mortgage rates will begin to come down slowly from their current mid-6% range levels. According to Money, Rates have already decreased by more than a percentage point since last October. If Fannie Mae’s current prediction comes true, the rate will have gone down by almost two percentage points from its 2023 high of 7.79% — a change that will have an increasingly significant impact over time for homebuyers and sellers. Fannie Mae’s…

Read More

Akel Homes Elevates Community and Environmental Responsibility in Port St. Lucie with Sundance Development

BrianAnthony

Akel Homes Elevates Community and Environmental Responsibility in Port St. Lucie with Sundance Development Akel Homes, a renowned South Florida-based residential developer, is setting new standards in community design and environmental stewardship with its latest project, Sundance… Read More PRWEB https://www.prweb.com/releases/akel-homes-elevates-community-and-environmental-responsibility-in-port-st-lucie-with-sundance-development-302058340.html

Read More

From Acadia to Verdae, Master-Planned Communities Taking Root in Greenville

BrianAnthony

From Acadia to Verdae, Master-Planned Communities Taking Root in Greenville She fell in love with the walking trails, the kayak launches along the Saluda River, the pickleball courts, and all the other natural and recreational elements that tied the neighborhood together… Read More The Post and Courier https://www.postandcourier.com/greenville/real-estate/special-report/from-acadia-to-verdae-master-planned-communities-taking-root-in-greenville/article_569c2e6a-c6b8-11ee-92ec-d70eb78e754c.html

Read More

KeyBank Provides $18.1 Million of Financing for the Construction of New Affordable Single Family Homes in Cleveland

BrianAnthony

KeyBank Provides $18.1 Million of Financing for the Construction of New Affordable Single Family Homes in Cleveland KeyBank Community Development Lending and Investment (CDLI) invested $10.2 million of 4% Federal LIHTC Equity and provided a $7.9 million construction loan to finance the development… Read More Report Alert http://reportalert.info/3blmedianews/?mid=1248526

Read More