Why we can’t get more housing construction in the US

New home sales tanked this morning and had a slightly lower negative revision. But the bigger story is that demand is the main reason housing construction hasn’t been growing for years, and we simply have too much completed supply for sale for construction growth to ramp up. Let’s remember this less
Read MoreTrump abruptly delays signing of 21st Century ROAD to Housing Act

President Donald Trump on Wednesday abruptly canceled a planned signing ceremony for a bipartisan housing bill, saying he would withhold action on the measure until Congress passes the SAVE America Act, a sweeping election bill that has become a centerpiece of his second-term agenda. Trump was sched
Read MoreFannie and Freddie’s new rules change the playbook for condo buyers, sellers and managers alike

In March of this year, Fannie Mae and Freddie Mac unveiled a major change to condominium lending, financial and insurance standards aimed at improving the way condos are bought, sold and managed. These updated rules change the criteria for prospective condo buyers to obtain conventional financing th
Read MoreCongress passes 21st Century ROAD to Housing Act, sends bill to Trump

The 21st Century ROAD to Housing Act passed the House of Representatives after clearing the Senate and now heads to President Donald Trump’s desk for signature in the coming days. The housing package aims to reduce homeownership costs and improve housing supply while incorporating priorities from Co
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