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Aug 24, 2016

FEMA Proposes New Rules for Construction in Flood Zones

The Federal Emergency Management Agency proposed regulations Aug. 22 that would require developers and homeowners using federal funds for construction projects in flood zones to build on higher ground — in some cases as high as two feet above 100-year floodplains.

 

Aug 24, 2016

ASB Releases Second Exposure Draft on 2018-19 USPAP

The Appraisal Standards Board of The Appraisal Foundation on Aug. 16 released its second exposure draft on proposed changes for the 2018-19 edition of the Uniform Standards of Professional Appraisal Practice. Changes in this version primarily address draft reports and preliminary communication of an appraiser’s assignment results. Comments are due Oct. 21.

 
Aug 24, 2016

Fannie Mae: Expect Economic Rebound

Economic growth is expected to rebound for the remainder of the year thanks to a higher than expected July jobs report, credit expansion, improving labor market conditions and strengthening household finances, Fannie Mae reported Aug. 18 in its newest Economic and Housing Outlook report.

 

Aug 24, 2016

Banks Implement Tighter Mortgage Guidelines

Credit requirements for construction, multifamily and land development loans remained tight in the second quarter, according to the Wells Fargo Securities Commercial Real Estate Chartbook, MBA NewsLink reported Aug. 17. The pace of multifamily and construction lending is slowing, and lenders are noting “pockets of risk.”

 
Aug 24, 2016

Mortgage Rates Nudge Lower: Freddie Mac

Average fixed mortgage rates dipped slightly during the past week ahead of the release of the Federal Open Market Committee minutes from July, Freddie Mac reported Aug. 18 in its Primary Mortgage Market Survey.

 

Aug 24, 2016

More Homeowners Make Modifications, Avoid Foreclosure

The mortgage industry completed more than 100,000 permanent modifications during the second quarter, reflecting the continuous decline of serious delinquency rates across the country, according to HOPE NOW, an alliance of regulators, mortgage servicers, investors and counselors, HousingWire reported Aug. 17.

 
Aug 24, 2016

Home Prices Rising, FNC Study Finds

Residential prices increased 1.1 percent between May and June and nearly 5 percent year-over-year, according to the Residential Price Index released by mortgage technology firm FNC, Calculated Risk reported Aug. 15.

 

Aug 24, 2016

Single-family Homes Getting Smaller, NAHB Reports

New single-family homes are getting smaller as builders focus on the growing entry-level market, the National Association of Home Builders reported Aug. 16. The average square footage for a new single-family home was 2,616 square feet at the end of the second quarter, down from 2,658 in the first quarter.

 
Aug 24, 2016

Economists Predict Construction Growth Through 2017

Chief economists from the National Association of Home Builders, the Associated Builders and Contractors and the American Institute of Architects said they expect the construction industry to grow through 2017, noting that commercial construction will lead the way and that energy-related construction will become less of a drag, Builder reported Aug. 16.

 

Aug 24, 2016

Experts Disagree on Future of Hotel Sector

Some experts point to falling hotel bookings as a sign that the hospitality sector will be in decline in the near future, while others said an increase in hotel projects under contract indicate the sector will level off and become more balanced in the long-term, MBA NewsLink reported Aug. 18.

 
Results: 12 Articles found.

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