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Rate Sheet, AI, Verification, Servicing, Flood Tools; Primer on What Builders Can and Can't Do
Mortgage News Daily· 2025-10-16 15:46
Market Overview - Home prices in Southern Nevada have slightly decreased over the past year, indicating a cooling but stabilizing housing market [1] - The U.S. is experiencing a significant inventory of unsold homes, with 121,000 completed single-family homes sitting unsold as of July 2025, a 20% increase from 2024 [10][11] - Zillow estimates a shortage of 4.7 million housing units, while the National Association of Realtors estimates a 5.5 million-unit shortage [11] Builder Activity - D.R. Horton is acquiring SK Builders, expanding its presence in South Carolina [10] - Despite high inventory levels, homebuilders face challenges due to high interest rates, which are limiting potential buyers [11][12] Investor Influence - Investors purchased approximately 30% of single-family homes earlier in 2025, often renting them out instead of selling to individual buyers [12] - The rising costs of construction materials, labor, and financing are contributing to elevated home prices, making them unaffordable for many buyers [12] Government and Regulatory Factors - The Federal Housing Finance Agency (FHFA) may adjust affordable housing goals to encourage more construction and support financing for affordable housing projects [13][14] - Government regulations account for nearly 24% of the final price of new single-family homes, impacting the overall housing supply [17] Economic Conditions - The mortgage market is experiencing volatility due to potential tariff threats from President Trump, affecting bond yields and mortgage-backed securities [20] - Upcoming economic indicators, including jobless claims and the NAHB Housing Market Index, are expected to influence market conditions [21]
X @Forbes
Forbes· 2025-10-15 19:15
The European Towns And Villages Currently Offering A €1 House https://t.co/3RIkhmS6kS ...
X @Forbes
Forbes· 2025-10-10 05:30
The European Towns And Villages Currently Offering A €1 House https://t.co/3RIkhmS6kS ...
Community Housing Capital (CHC) Announces $12 Million Pilot Program for NeighborWorks America Organizations, NHS of Chicago First Investee
PRWEB· 2025-10-09 19:25
Core Insights - Community Housing Capital (CHC) is providing flexible capital through a Warehouse Line of Credit to help Community Development Financial Institutions (CDFIs) address liquidity constraints and offer more affordable mortgage options, thereby assisting families in homeownership [1][3] - The Illinois Policy Institute reports that 88% of low-income families in Chicago face significant housing costs, with two-thirds severely burdened, highlighting a local and national housing crisis [2] - CHC's partnership with CDFIs and local nonprofits aims to tackle financing challenges, ensuring more residents can achieve housing security and stability [3] Company Overview - Community Housing Capital (CHC) is a 24-year-old CDFI that has created or preserved over 24,396 units of affordable housing and facilitated $3.8 billion in total development since 2000 [5] - Neighborhood Housing Services of Chicago (NHS) is a nonprofit established in 1975, focused on providing affordable resources for residents to buy, fix, and maintain their homes, partnering with various stakeholders to strengthen neighborhoods [6] Program Details - The pilot program will make the Warehouse Line of Credit available to qualifying nonprofit affordable housing organizations nationwide, providing liquidity for new residential mortgages aimed at low-and-moderate-income buyers [4] - CHC will fund mortgages under the line of credit until they are sold to investors such as Fannie Mae, Freddie Mac, and regional banks [4]
New York City artist teaches cab riders neighborhood's history
NBC News· 2025-10-09 11:01
Gentrification is reshaping cities across America. Here in Brooklyn, one artist is fighting to preserve his neighborhood's history from inside his car. I feel like Dxilandia lends itself to like capture the story of 40, 50, 60 years of a neighborhood.>> Modesto Flaco Himenez grew up in Bushwick and now drives its streets, sharing the neighborhood's heritage, culture, and resilience through his cab tour, Daxandia. >> Copy that. We'll tell them you'll be for an hour.>> Dispatch, >> what inspired me to make Ta ...
James Hardie Celebrates World Habitat Day with Renewed Support for Affordable Housing Through Habitat for Humanity Initiatives
Prnewswire· 2025-10-06 19:53
Core Viewpoint - James Hardie Building Products Inc. reaffirms its commitment to affordable housing and climate-resilient communities through sponsorship of Habitat for Humanity's initiatives, particularly the 2025 Jimmy & Rosalynn Carter Work Project [1][4][5] Group 1: Commitment to Affordable Housing - James Hardie is sponsoring Habitat for Humanity's 2025 Jimmy & Rosalynn Carter Work Project in Austin, Texas, focusing on building safe and affordable homes [4] - The company emphasizes its purpose of "Building a Better Future for All" by creating lasting impacts in neighborhoods across the country [3][4] Group 2: Habitat Strong Initiative - The Habitat Strong initiative aims to develop climate-resilient housing that withstands extreme weather while remaining affordable and energy-efficient [5] - James Hardie's durable products, which are noncombustible and resilient against moisture and pests, play a crucial role in these housing projects [5][8] Group 3: Community Engagement and Fundraising - James Hardie engages its employees as volunteers in Habitat Strong projects, enhancing its impact on local communities [4] - The company also hosts the annual James Hardie Pro Football Hall of Fame Invitational, which raises funds for Habitat for Humanity, contributing to affordable housing initiatives [6]
X @Bloomberg
Bloomberg· 2025-10-03 09:05
Housing Market Trends - Homebuyers' strike of the past three years is finally working [1] - The path to affordable housing still looks painful [1]
Morgan Stanley Investment Management and Opportunity Finance Network Announce Annual Contribution Recipients in Support of Affordable Housing and Community Development
Businesswire· 2025-09-30 18:15
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Investment Management ("MSIM†) and Opportunity Finance Network ("OFN†) today announced three grant recipients of MSIM's annual contribution to OFN's Finance Justice Fund, now called OFN's Financing Fund: GROW South Dakota, Community Health Center Capital Fund, and Twin Cities Habitat for Humanity Lending, Inc. The three community development financial institutions (CDFIs) focus on community development and affordable housing. The grants are funded by MS. ...
X @Bloomberg
Bloomberg· 2025-09-25 14:44
The Portuguese government will raise the tax on house purchases carried out by non-residents in a bid to increase the supply of affordable homes https://t.co/BSgHtTDVsk ...
Mamdani draws NYC investors to advise him if elected mayor #politics #shorts #nycmayor #nyc
Bloomberg Television· 2025-09-24 22:33
So what are the things that um 1NYC uh or the business leaders that you've talked to want from mom Donnie. Because we we know the concerns, we know um the fears, but what are the asks. I think the first the the main sort of framing is will he be an effective mayor of New York City.Business leaders are concerned about things that all of us are concerned about actually. Uh they're concerned about the supply of affordable housing. They're concerned about New York City uh improving its public safety.Um there's ...