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Biden to call for first-time homebuyer tax credit, construction of 2 million homes

Housing Wire

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters.

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Opinion: The “profitless boom” in residential construction

Housing Wire

The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Many people are referring to this time as a ‘profitless boom’ for the building industry. The post Opinion: The “profitless boom” in residential construction appeared first on HousingWire.

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Republican senator takes aim at Biden’s housing policies

Housing Wire

Department of Agriculture (USDA) in which they explain their new energy-efficiency standards for the construction of new single-family and multifamily homes. Rubio was referring to the Federal Housing Administration (FHA), which sponsors government home lending programs. Rubio also took aim at the cost of rental housing in his op-ed.

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5 Fields to Add to your Daily Construction Reports

GoForrmz

Between all their day-to-day tasks, they are also required to keep project teams updated on daily progress through daily construction reports – a report designed to allow visibility into daily progress and productivity on a job site for stakeholders, field teams, and office personnel. No one can do what GoFormz can do. ”

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Trade groups commend Fannie Mae’s newest step to address buybacks

Housing Wire

Broeksmit‘s reference is to a fee-based repurchase program for performing loans announced in November 2023 by Freddie Mac. The goal of the alternative pilot program is to improve the quality of performing loans through a potential replacement of its current repurchase policy by defective performing loans.

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FHA drafts guidance to expand financing on homes with ADUs

Housing Wire

On the West Coast , Seattle saw a 250% ADU construction increase from 2019 to 2022. Washington state’s Senate also recently passed a bill that would lift restrictions on the construction of “middle housing,” which refers to duplexes, fourplexes and ADUs. The popularity of ADUs has increased in recent years.

Finance 363
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Housing permits look great — until you look at completions

Housing Wire

Housing starts, just like new home sales, can be wild month to month, so the trend is your friend and the direction in housing permits has been good enough to keep construction going. With rental inflation kicking into high gear, the need for multifamily construction will stay. Housing permits. Where have all the great robots gone?