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DataDigest: Construction costs easing for homebuilders

Housing Wire

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. Index values for most construction inputs are down from 2022 but remain above pre-pandemic levels. That could set the backdrop for a slower pace of construction.

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HUD details funding, policy support for green homes and climate resilience

Housing Wire

Department of Housing and Urban Development (HUD) on Thursday detailed a series of actions and initiatives it has undertaken to bolster climate resiliency while supporting green housing initiatives that stem from Inflation Reduction Act funding and recently announced plans to combat the effects of extreme heat.

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Biden’s plan to fix housing supply depends on Congress

Housing Wire

The Biden administration today unveiled a plan that it says will “help close” the housing supply gap, which one 2021 tally put at 1.5 The plan is in addition to measures the federal government announced in September 2021 that the federal government said would create 100,000 homes in three years. million homes, in five years.

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What Biden’s infrastructure plan does for housing

Housing Wire

Specifically, the plan calls for the construction and rehabilitation of over 500,000 homes in low- and middle-income areas. Biden is also calling on Congress to eliminate exclusionary zoning laws, which he says inflates housing and construction costs – an issue that has crippled homebuilders across the country for more than a year.

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DataDigest: Water wars in the Southwest

Housing Wire

Arizona state officials announced last week that there is not enough groundwater for all of the construction that has already been approved in the Phoenix area. The HBACA noted that development of industrial and commercial buildings can continue, but homebuilders are restricted unless they find alternate water sources.

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Will the Infrastructure Bill Affect the Real Estate Market?

Appraisal Buzz

Construction Sites Will Stay on Schedule. The Infrastructure Investment and Jobs Act — also known as the Bipartisan Infrastructure Bill — passed in November 2021 but will soon affect the country. construction sites. These are a few ways it will affect real estate in the coming months. they won’t make a splash.

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Key Land Development Deadline Approaches for Washington Counties

Will Springer Realtor

Washington established guidance called the Growth Management Act (GMA) that requires review and possible revision of land-development policies at least every 20 years. The GMA mandates that local policies also guide decisions on transportation, capital facilities and the natural environment. If not now, when?