Housing Wire

MARCH 5, 2024

They include the reallocation of funds originally earmarked for relief from the economic impacts of the COVID-19 pandemic for affordable housing construction, as well as new provisions for the 2021 American Rescue Plan (ARP) Emergency Rental Assistance (ERA) program to clarify the use of such funds for affordable housing.

Insurance 418

Insurance Construction Government Design 418

Housing Wire

MARCH 12, 2024

And housing construction never fully recovered after that.” Combined with the millennial generation aging into the housing market and causing an unsustainable surge in demand, “construction over that decade skewed to higher value units rather than the starter homes needed for first-time homebuyers and workforce housing,” she said.

Construction 334

Construction Housing Market Insurance Finance 334

Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. This USDA program, however, is in serious trouble. The LIHTC program, administered through the U.S.

Tenants 467

Tenants Finance Construction Government 467

Housing Wire

FEBRUARY 29, 2024

Department of Housing and Urban Development (HUD) and the White House announced plans to extend the Federal Financing Bank (FFB) risk-sharing program, two prominent housing associations shared their differing perspectives on the move. Shortly after the U.S. The FFB risk-sharing program has “closed or committed $4.9

Insurance 287

Insurance Finance Design Construction 287

Housing Wire

MARCH 21, 2024

House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance. The silver lining, however, is that builders have picked up their pace of construction. The Basel Endgame proposal — issued by the Federal Reserve , Federal Deposit Insurance Corp. banks in comparison to international standards.

Insurance 305

Insurance Inventory Mortgage Lending 305

Housing Wire

AUGUST 10, 2023

Increasing wildfire risk resulting from climate change is a growing problem for insurers and homebuyers in affected areas, particularly California, according to a new report from data provider CoreLogic. CoreLogic said insurers’ models should account for the current risk landscape, including climate change considerations.

Insurance 305

Insurance Construction Realtors Development 305

Housing Wire

MAY 19, 2023

Residents in the state of Rhode Island could soon have an easier time constructing accessory dwelling units (ADUs) on their properties, as a bill prioritized by the state’s House Speaker Rep. Jay Inslee (D) signed a series of bills this month which included an easing of ADU permitting and construction.

Construction 285

Construction Insurance Development Design 285

Eyes on Housing

MARCH 30, 2023

According to NAHB analysis of Federal Deposit Insurance Corporation (FDIC) data, large banks (assets greater than $10 billion) have increased their share of the residential construction loan market above pre-Great Recession levels in recent years. The majority of 1-4 residential construction loans are still. Read More ›

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Construction Insurance Development Marketing 100

Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. Demand for home-only financing is strong; in 2019, there were more than 200,000 home-only loan applications.

Business 394

Business Finance Buyers Lending 394

Housing Wire

MAY 23, 2024

This calculation includes median home prices , assuming a 10% down payment, as well as taxes, homeowners insurance and private mortgage insurance. The NAHB/Wells Fargo CHI, a quarterly analysis of housing costs at both the national and metropolitan levels, measures the share of income needed to make a typical mortgage payment.

Supply Chain 358

Supply Chain Insurance Training Construction 358

Housing Wire

MARCH 20, 2024

For example, here in Clark County, nearly 1,000 brand-new affordable units for seniors are under construction today as a result — 8,000 homes total for families, seniors and veterans. […] But we have a lot more to do.” million new housing units are under construction nationwide right now because of it. A record 1.7

Realtors 395

Realtors Insurance Construction Landlords 395

Housing Wire

APRIL 12, 2024

The impact of tax and insurance liabilities There are some growing concerns stemming from inflation and the rising costs of property taxes and insurance premiums, which may be problematic for some households, particularly older Americans with fixed incomes. creating chaos in property insurance markets.

Property Taxes 343

Property Taxes Insurance Mortgage Home Value 343

Assurance Financial

SEPTEMBER 28, 2021

Buying new construction is slightly different from buying an existing home in another way. The rules for loans and financing for new home construction aren’t exactly the same as they are for buying homes that already stand. FAQs About Home Construction Loans. Curious about the process of getting a construction loan?

Construction 36

Construction Finance Insurance Government 36

Housing Wire

JANUARY 31, 2023

It will also include the company’s local traditional consumer mortgage and construction-to-permanent businesses. Claiming to be the first state-chartered, Federal Deposit Insurance Corporation -insured (FDIC) institution to operate entirely online, the bank combines nationwide consumer, small business and commercial deposit base.

Business 381

Business Mortgage Lending Insurance 381

Housing Wire

MARCH 11, 2024

Fudge listed a series of actions during her tenure she sees as accomplishments, including “helping two million families” either stay in their homes or avoid foreclosure; adding positive rental history to criteria for creditworthiness; and reducing the mortgage insurance premium. “I

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Law Development Finance Insurance 462

Housing Wire

AUGUST 16, 2023

Meanwhile, permits for future construction eked a 0.1% Meanwhile, there are just over one million multifamily units under construction, a record. Developers and construction companies seem to “have come to terms with the affordability challenge and have been erecting smaller homes at more approachable prices this year,” said Ratiu.

Construction 257

Construction Insurance Housing Market Brokerage 257

Housing Wire

NOVEMBER 27, 2023

Veev said at the time that the funding would be used to scale its operations, accelerate its research and development, and expand construction into new markets. Investors featured leading Israeli institutional investors, such as Migdal Insurance , Psagot Investment House , More Investment House , and Shavit Capital.

Inspection 419

Inspection Investors Investing Insurance 419

Housing Wire

APRIL 19, 2021

Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. Knox oversees a portfolio of more than $100 million in investment properties, and was named one of HousingWire’s 2021 Tech100 companies.

Landlords 371

Landlords Investing Tenants Construction 371

Housing Wire

MAY 12, 2021

And for those who still want to build a home from scratch, rising construction costs , limited lot sizes, and excessive red tape can make the process seem insurmountable. Considering how much construction technology, materials, and techniques have evolved, building a new home should be far simpler than it is. Opportunities to innovate.

Construction 450

Construction Logistics Technology Real Estate 450

Housing Wire

OCTOBER 16, 2023

homebuyers to “obtain access to affordable mortgage credit when seeking to purchase properties with ADUs, add ADUs to existing structures, or construct new homes with ADUs,” with such flexibilities designed to allow first-time homebuyers, seniors and inter-generational families to establish generational wealth, the announcement said.

Design 450

Design Insurance Construction Development 450

Housing Wire

MAY 13, 2024

Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Agency (FHFA) to express concerns about the FHFA’s intent to publish the VantageScore 4.0 historical dataset.

Legal 340

Legal Mortgage Contracts Insurance 340

Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. Increasing the supply of legal immigrant construction workers would accelerate economic growth.

Insurance 366

Insurance Construction Government Lending 366

Housing Wire

DECEMBER 1, 2021

McCord used escrow accounts, meant to pay homeowners’ taxes and insurance premiums, to cover his company’s operating expenses. McCord then laundered the proceeds and diverted them toward paying more than half the purchase price of his son’s $900,000 Oklahoma City home, and the construction of his custom vacation home in Colorado.

Mortgage 516

Mortgage Insurance Lending Government 516

Housing Wire

SEPTEMBER 18, 2023

Meanwhile, builders are faced with shortages of construction workers, buildable lots and distribution transformers, she added. Insurance cost and availability are also growing concerns for the housing sector. With the lack of existing-home inventory, the new construction buyer mix also shifted. consumer inflation reading.

Construction 434

Construction Buyers Housing Market Insurance 434

Housing Wire

JANUARY 22, 2024

Construction Coverage , a company that reviews construction software, insurance, and financial products in order to assist property builders, recently released a new report taking a closer look at the divide between baby boomers’ and younger generations’ shares of metropolitan housing markets according to reporting at the Chicago Sun-Times.

Housing Market 310

Housing Market Marketing Construction Insurance 310

Housing Wire

MARCH 26, 2024

The risky operating environment has been marked by volatile, high interest rates (with 30-year fixed rates now hovering around 7%), high financing costs and moderating rental rates as an influx of multifamily rental properties continues to come online across the country. It’s just easier for them to forecast and manage those properties.

Investors 426

Investors Marketing Inventory Real Estate 426

Housing Wire

MARCH 28, 2022

Proprietary analytics and external data sources, backed by a microservice architecture that connects them all via APIs, can feed optimized recommendations and assessments for any part of the sale — valuation, tax, credit score, loan rating, insurance rating, title and closing costs.

Real Estate 364

Real Estate Marketing Insurance Buyers 364

Housing Wire

NOVEMBER 2, 2021

California-based Anchor Loans, founded in 1998, provides capital for professional residential real-estate investors through bridge and construction products. According to the transaction terms, American Equity Investment Life Insurance Company provided financing for the deal and acquired $1 billion of loans originated by Anchor.

Investing 255

Investing Finance Modernization Investors 255

Housing Wire

JULY 6, 2023

The company also offers mortgage financing, title services , and insurance agency services through its subsidiaries. Horton is involved in the construction and sale of both single-family and multi-family rental properties and holds a majority stake in Forestar Group Inc., In addition, D.R.

Contracts 365

Contracts Development Insurance Construction 365

Appraisal Buzz

SEPTEMBER 26, 2022

Building entire neighbors can encourage large-scale construction. Immigration policies can impact construction because the industry relies on them for labor. million migrant workers in construction. million migrant workers in construction. Improve Finances On All Sides. Increase Financing for Current Homes.

Construction 195

Construction Supply Chain Buyers Retail 195

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. BH: What are you expecting to see in terms of demand for new construction heading into 2023?

Supply Chain 355

Supply Chain Construction Inventory Finance 355

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. In addition, JP Morgan Chase & Co.

Housing Market 544

Housing Market Marketing Construction Development 544

Housing Wire

FEBRUARY 24, 2022

But like real estate brokerage Compass , another company significantly financed by the SoftBank Vision Fund , Opendoor has constructed an empirically money-losing business model with little sign of reversing course. One hypothetical path to profitability is ancillary services, particularly Opendoor mortgage loans and title insurance.

Investors 424

Investors Real Estate Inventory Finance 424

Housing Wire

OCTOBER 12, 2023

Indices that increased in September were rent, owners’ equivalent rent, lodging away from home, motor vehicle insurance, recreation, personal care and new vehicles. However, it’s still well above the Fed’s 2% target. Indices that decreased over the month were used cars and trucks and apparel.

Government 321

Government Housing Market Contracts Insurance 321

Housing Wire

OCTOBER 29, 2021

He has also served on the Board of Directors of the MBA and currently serves as chair of MBA’s Audit and Finance Committee. In most markets in America today, homebuilders can’t profitably construct starter homes that are affordable for most first-time homebuyers. The other theme is housing affordability.

Loan Officers 284

Loan Officers Insurance Business Finance 284

Will Springer Realtor

NOVEMBER 29, 2022

How do you know if your home has enough insurance coverage? About six in 10 homeowners are insufficiently insured, according to CoreLogic, a property data research firm. That’s roughly 51M homeowners currently underinsured, and CoreLogic estimates homes are insured at about 73% of the actual property value.

Insurance 36

Insurance Construction Finance Home Improvement 36

Housing Wire

JULY 27, 2023

For buyers of a median-priced home, the monthly mortgage payment—assuming a 20% down payment—amounts to about $2,300, not including property taxes and insurance,“ said Ratiu. The cost of financing a median-priced U.S. home, assuming a 20% downpayment, rose 12.4% from June 2022, according to Realtor.com economic researcher Hannah Jones.

Mortgage 307

Mortgage Property Taxes Housing Market Buyers 307