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Developer sues Denver over requirement to pay into affordable housing fund

Housing Wire

As many local governments continue to face challenges in bolstering their housing stock, one developer is taking action against Denver over a requirement to pay into the citys dedicated affordable housing fund. The company also claims that it is the first homebuilder west of the Mississippi to develop homes to the standards set by the U.S.

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The Southern housing markets poised to become boomtowns

Housing Wire

Using growth indicators that measure upcoming construction and development, southern metros take eight spots in the top 10 list. in new construction, 7.2% in builder/developer land, 4% in recent build and 1.1% The top three metros are Lakeland, Florida. Austin, Texas, and Raleigh, North Carolina. in recent permits.

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HUD, USDA reach accord on energy-efficiency standard for new construction

Housing Wire

Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) have settled on new energy-efficiency standards for the construction of new single-family and multifamily homes. The implementation timeline varies based on the type and location of new construction.

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New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

With high prices and still stiff competition, those looking to buy a home in today’s real estate market need to consider every opportunity, including the choice between new construction or a resale home. Census Bureau, the median sale price of a new construction home in March 2024 was $430,700.

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Massachusetts set to bar home sellers from requiring inspection waivers

Housing Wire

Rule modification, industry pushback The home inspection regulation was developed after a public comment period in May, during which EOHLC received more than 100 submissions. The state also finalized the sale of 450 acres of surplus land to support development of up to 3,500 new homes.

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Midwest, Northeast housing markets stay hot amid national cooldown

Housing Wire

I think that we’ve underbuilt for 13 years in this country and in this state, so definitely, new construction is in order, she said. I’m just concerned about the price of new construction when we rely so much on imported goods for building these homes. We just don’t have a way at the local level.

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Tom Davis shares non-QM opportunities to capitalize heading into 2025

Housing Wire

Ground-up construction growth will be high to meet the population growth and meet the demand due to limited inventory. New construction volume levels have increased to 10-year highs with a percentage share of 33%. Deephaven offers an advantage and competitive edge with our Ground-Up Construction loan.

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