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HUD to bring back Innovative Housing Showcase to National Mall in June

Housing Wire

The event is designed to highlights housing solutions and “advancements in housing design, technology and sustainability.” The Showcase continues that tradition, featuring the latest technologies and designs that can help meet the nation’s growing housing affordability and climate resilience needs.”

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HUD announces final rule to protect against flood risk

Housing Wire

The rule is designed to “help communities prepare for and reduce flood damage ” and other extended climate risks , including “heavy storms, increased frequency of severe weather events and disasters, changes in development patterns, and erosion.”

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Cherokee Nation engages in HUD housing program for skilled workers

Housing Wire

Department of Housing and Urban Development (HUD) program designed to allow for the construction of rental housing units is getting a new participant: the Cherokee Nation. They are one of the first tribes to be approved for the program, according to the announcement. The program’s initial roll-out will take place in Ochelata, Okla.

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Master planned communities post strong new home sales numbers in 2023

Housing Wire

“Master-planned communities continue to attract buyers and outperform the overall new home market by offering a lifestyle, which elevates and links a collection of neighborhoods,” Ken Pearlman, managing principal at John Burns Research & Consulting, said in a statement.

Sales 412
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NRMLA, MBA provide comments on HECM application, origination documents

Housing Wire

MBA and NRMLA each state that they are generally supportive of the proposed changes, which include wholesale revisions to the lender table for the best estimate of the total cost of a refinancing to the borrower, as well as increases to the borrower’s principal limit. Department of Veterans Affairs (VA) loans.

VA loan 362
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Nevada governor urges Biden to act on affordable housing

Housing Wire

down payment through a [FHA] loan (principal/interest only) in January 2021, the monthly payment on a median home would have been $1,363.00 million new housing units are under construction nationwide right now because of it. Utilizing a 3.5% at the market interest rate of 2.82%,” Gov. Lombardo said in his letter. A record 1.7

FHA loan 373
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Second Home Markets Show Construction Growth

Eye on Housing

For the third quarter of 2020, NAHB’s Home Building Geography Index (HBGI) found construction gains for traditional second home markets. High-concentration second home counties were defined based on the proportion of the local housing stock that are non-rental properties and not classified as their taxpayer principal residences.