Housing Wire

MARCH 7, 2024

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. This would act as an equivalent to reducing the mortgage rate by more than 1.5%

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Construction Closing costs Renovation Title 535

Housing Wire

NOVEMBER 13, 2024

The goal is to help them avoid homelessness by funding affordable housing construction, home repairs and adaptations as well as giving out financial assistance. The new commitment furthers the foundation’s stated goal of reaching $750 million in investment activity. There are four key areas the funding will be applied toward.

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Technology Renovation Construction Development 370

Housing Wire

DECEMBER 9, 2024

The grant funds will be primarily deployed to bolster infrastructure, construction or renovation of community buildings, housing rehabilitation, land acquisition and economic development for the American Indian and Alaska Native populations. Department of Housing and Urban Development (HUD) on Monday announced the disbursement of $72.6

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Principal Land Development Renovation 370

Housing Wire

FEBRUARY 6, 2025

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. Equity solutions Home renovations and debt consolidation are two avenues toward financial prosperity for borrowers. Mortgage interest rates have steadily ramped up throughout 2024. Why is that important?

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Loans Mortgages Equity Construction 333

Housing Wire

JUNE 24, 2024

But a nonprofit organization in the Seattle area is seeking to help more seniors renovate their homes to age safely. Overall Seattle-area construction costs have stabilized in the last year, but remain 40% higher than pre-pandemic,” the Times noted. The Seattle area is a hot housing market. year over year.

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Renovation Construction As-is Mortgages 396

Keeping Current Matters

OCTOBER 13, 2021

If you’re a homeowner who wants to add any of the above, you have two options: renovate your current house or buy a home that already has the spaces you desire. The difference in the cost of a renovation versus a purchase. If you decide to renovate, you’ll need to refinance (or take out an equity loan) to access the equity.

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Renovation Equity Mortgages Design 327

Housing Wire

AUGUST 17, 2020

Additionally, remodel volume – a subset of maintenance that includes renovations, additions, and alterations – increased 2.59% while spend decreased 1.59% year over year. Last month, Buildfax estimated if single-family authorizations and existing housing activity continue to gain, new construction could stabilize in the Fall.

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New Construction Construction Renovation Residential 516

Housing Wire

APRIL 20, 2021

After months of slogging through a string of disappointments, Patrick turned to a renovation loan and started looking at fixer-uppers. Snover said that few real estate agents suggest that buyers purchase a home with a renovation loan, sometimes because they are unfamiliar with the process — which has its complexities.

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Renovation Loans Construction Finance 468

Housing Wire

JULY 19, 2024

We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.” In a competitive market full of options, banks must rely on more than their rate sheet to compete for the business of third-party originators.

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Lending New Construction Renovation Banks 466

Housing Wire

JANUARY 9, 2024

Here are a few trends in financing that will continue to catalyze the construction of more ADUs: Expanded access to mortgage financing The Federal Housing Authority announced a new policy in October 2023 that has made it easier to finance construction of new ADUs, as well as making it more achievable to buy or refinance a house with an existing ADU.

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Finance Construction Loans Renovation 501

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.

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Construction Technology Inspection Industrial 482

Housing Wire

JULY 10, 2024

But when the apartment’s landlord declared that all units in the building would be renovated and force all current tenants out, the clock began ticking for a solution. After enlisting a local architect who understood the needs of aging, a new ADU of 650 square feet was constructed after four years at a cost of roughly $400,000.

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Mortgages Construction Renovation Loans 476

Housing Wire

MAY 24, 2024

The lender also provides rate-and-term and cash-out refinancing, along with construction and renovation loans. Movement Mortgage , a multichannel mortgage lender, has appointed Joe Thompson as its new regional director. I align perfectly with Movement’s core conviction of existing to love and value people.”

Mortgages 448

Mortgages Loan Officer Renovation Loans 448

Housing Wire

JUNE 1, 2021

Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. The tax credit would cover the difference between total development costs — including acquisition, rehabilitation, demolition and construction — and the sales price.

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Title search Title Renovation Investor 516

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work. The support is clear.

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Renovation Construction Development Finance 476

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. We have not been exempted from these market and capacity issues and we now have an operational backlog for renovations and closings. construction workers.

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Renovation Construction Brokerage Agents 397

Housing Wire

JULY 16, 2024

Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation. In conjunction with Biden’s proposal, the Bureau of Land Management (BLM) announced it will open a public comment period on the sale of 38 acres of public land in Nevada for the purpose of affordable housing construction.

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New Construction Construction Land Development 488

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. Mortgage products expected to get love .

Loans 435

Loans Renovation Construction Mortgages 435

Housing Wire

AUGUST 29, 2024

At HVPG, we recently completed a renovation at a senior living facility in Jersey City, a city experiencing rapid growth with almost 30% of its current population arriving in 2021 or 2022. Our renovation includes features such as step-free entrances, wider doorways, and bathroom modifications. rose 37.5%.

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Renovation Development New Construction Land 459

Housing Wire

JANUARY 19, 2024

Renovations may provide some solutions, but it is also a solution with limits according to Rodney Harrell, VP for family, home and community at AARP. “We Despite a documented preference that older Americans have to age in place, the current housing inventory is inadequate to support the needs of an aging population.

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Renovation Construction As-is Industrial 482

Housing Wire

MARCH 7, 2024

Planet is pioneering the future of mortgage lending with novel products like Cash 4 Homes, 1st Year Flex, Purchase EDGE, one-time close construction loans, and bridge, renovation and manufactured home loans,” Long said. As the 12th-largest mortgage lender , Planet Home Lending posted an origination volume of $25 billion in 2023, a 5.3%

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Lending Renovation Loans Mortgages 459

Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

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Renovation Equity Mortgages Development 435

Housing Wire

MARCH 4, 2022

jobs report released Friday shows that 678,000 non-farm payroll jobs were added in February, and the return of skilled labor in residential construction is reason alone for optimism. After losing 5,000 jobs in January, the construction sector rebounded gaining 60,000 jobs in February. After mixed results in January , the U.S.

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Residential Construction Renovation Industrial 370

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. 4-7, in Las Vegas. “There is too much distraction in the market; there are some negative folks out there.

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Mortgages VA loan Finance Renovation 493

Housing Wire

JULY 8, 2024

We are pleased to partner with Shawn and the Archwest team to deliver dynamic financing solutions to home builders , renovators and landlords who are expanding and improving the critically undersupplied U.S. Its product mix includes fix-and-flip loans, bridge loans and construction loans.

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Residential Lending Finance Investor 435

Housing Wire

JULY 23, 2024

The plan prioritizes accessible housing principles through both construction and renovation under age-friendly standards, citing a need illustrated by a Harvard University Joint Center for Housing Studies (JCHS) report detailing how only 1% of U.S. “Importantly, aging itself is not a challenge; being unprepared for aging is.”

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Development Renovation Construction Design 448

Housing Wire

JANUARY 3, 2024

million over that period to acquire 52 units and renovate several of its 50 existing units. million bond to purchase property to construct affordable housing for teachers and staff. million bond to purchase property to construct affordable housing for teachers and staff. Other districts have adopted the same approach.

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Construction New Construction Renovation Mortgages 488

Housing Wire

JULY 7, 2023

Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. Employment in the construction industry has increased by an average of 15,000 per month thus far this year, compared with an average of 22,000 per month in 2022.

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Construction Residential MLS Renovation 370

Housing Wire

OCTOBER 10, 2023

When making pre-listing repairs or renovations, different projects can result in vastly different returns. These days, buyers want move-in ready homes – they don’t want to face huge construction projects before they can get settled. We’ve all witnessed the housing market slowdown that has occurred over the last year.

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Agents Renovation Inspection Construction 482

Housing Wire

AUGUST 4, 2023

Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space. Furthermore, residential building construction employment was flat year-over-year in July, while non-residential was up by 5.9%, according to First American Economist Ksenia Potapov.

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Marketing Residential Construction Commercial 369

Housing Wire

JANUARY 14, 2025

While ground-up construction of new units by national homebuilders is part of the solution, these builders generally dont address the aging current housing stock, or the need to create additional density and living space in infill areas where each property may have different attributes. million homes and growing.

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Marketing Investor Renovation Industrial 397

Housing Wire

JANUARY 31, 2023

To do so, they plan on capitalizing on single close construction loans in addition to the conventional, government, and jumbo loans. “We We have a one-time close construction-to-permanent loan, and we are the largest seller of that product to the agencies. Go [Mortgage] was on that list,” Reich said.

Loans 418

Loans Mortgages Loan Officer Pre-approval 418

Housing Wire

APRIL 20, 2022

Homepoint’s “New Build program” connects homebuilders with business purpose construction financing through in-region mortgage brokers, with loan amounts up to $4 million per unit or $25 million per project. Wholesale lender Homepoint is becoming a broker of sorts…for mortgage brokers. The company turned a $19.3

Loans 397

Loans Lending Construction Banks 397

Housing Wire

DECEMBER 5, 2024

In September, HUD announced updates to its manufactured housing construction and safety standards. In June, HUD announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured home communities under an FHA-sponsored loan program. increased by 58.34% between 2018 and 2023.

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Land lease Land Renovation Construction 418

Housing Wire

JUNE 21, 2022

Yes, there are some government programs that provide construction components on permanent loans, but they are not ideal for inexperienced home buyers. We are living in a world of post-pandemic inflation and uncertainty. Interest rates, single-family homes, gas, and groceries, among other essentials, are on the rise. Think about it this way.

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Investor FHA loan Inspection Renovation 435

Housing Wire

JUNE 1, 2023

Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. The company’s assets will add to Planet’s 30 branches and 128 active LOs. “I It’s an investment down the road,” the executive added. “We million in cash.

Mortgages 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

JULY 6, 2023

One source of added inventory is the fix and flip industry , which is expected to acquire and renovate some 350,000 homes in 2023, according to Kurt Carlton, president of New Western , a private real estate investment marketplace. Fannie Mae recently projected originations for 2023 at $1.59 That compares to a record $4.4

Renovation 488

Renovation Sales Investor Mortgages 488