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Regulatory costs add nearly $94K to new home prices

Housing Wire

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regulatory cost during construction.

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Are mortgage rates about to fall?

Housing Wire

This can be partly due to a higher percentage of cash buyers in the sales mix that purchase applicatoins won’t account for. I want to see what the apartment completion data looks like because labor is at risk once those apartments under construction are completed. I will talk about this on the HousingWire Daily podcast on Monday.

Mortgage 390
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The new home sales recession continues

Housing Wire

So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with. Census Bureau and the Department of Housing and Urban Development. We had missed sales estimates in 2013, 2014 and 2015. From Census : Sales of new single?family

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New home sales are at risk with rising mortgage rates ?

Housing Wire

It’s also driven more by mortgage buyers who tend to be older and make more money than the new-home buyers. Compared to the existing home sales marketplace, it doesn’t have a high cash buyer or investor buyer profile. Census Bureau and the Department of Housing and Urban Development. percent (±11.9

Mortgage 437
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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. An index score of 100 means that a buyer with a median U.S. The national trend for new construction, however, is generally moving in the opposite direction.

Buyers 36
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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

The New York state political zeitgeist was recently and suddenly tilted against luxury development in New York City. If this latest turn of events plays out as written, we'll be able to look back at this era as a milestone where the supertanker began to turn in the wrong direction for the new development multi-family industry.

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Appraisal Inspection Vs. Home Inspection: Your Role as an Appraiser

McKissock

The licensing laws and regulations for home inspectors do not permit them to develop opinions of property value like appraisers do. the buyer), while the appraisal is performed for the lender. Even FHA got into the euphemism game with the publication of Handbook 4000.1 , which went into effect in 2015.