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HUD announces $175M funding opportunity for rental construction, renovation

Housing Wire

For our neighbors experiencing homelessness, especially those living with disabilities, this funding will provide access to affordable housing and lifesaving services,” Marion McFadden, HUD’s principal deputy assistant secretary for community planning and development, said in a statement.

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HUD announces $72.6M in new Native American community grants

Housing Wire

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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Housing construction looks positive despite recession projections

Housing Wire

The timing, however, remains the principal outstanding question, as the Federal Reserve is likely to maintain tighter policy for longer if wage-related inflationary pressures do not subside, the group noted. Duncan noted the possibility of a recession in April 2022, which he predicted would start in the first quarter of 2023.

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New planning tool arrives as California prepares for more accessory dwelling units

Housing Wire

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). Digital tools like the ADU Plans Gallery reduce the time and cost of building ADUs and accelerate housing construction.”

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Rising insurance costs will continue to put a strain on homeownership

Housing Wire

CoreLogic data shows that the percentage of mortgage borrowers who pay more for their taxes and insurance than their principal and interest has risen from 2% roughly a decade ago to nearly 10% today. Hepp also sees construction costs and reinsurance costs as major contributors to the insurance affordability issue. That has changed.

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Compass continues M&A spree with addition of Austin team

Housing Wire

“Our team operates as a boutique group with a strong commitment to honesty, integrity, and making our clients’ days brighter with a touch of fun and a smile,” Denise Bodman, the group’s co-principal, said in a statement. These values align seamlessly with the Compass culture.

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New home sales rose by 9.6% in March

Housing Wire

Buyers have begun to adjust to the elevated mortgage rate levels, especially in areas where home prices have adjusted downwards to compensate,” Kelly Mangold, the principal of RCLCO Real Estate Consulting , said in a statement. On a year-over -year basis, however, new home sales are still down 3.4%. This represents 7.6

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