Homebuilder confidence nudges up but remains below par

Homebuilding business executives maintain a guarded outlook on the homebuilding market, amid tepid demand, shrinking profit margins and weak consumer sentiment. The ongoing conflict with Iran could further complicate the outlook for builders. The National Association of Home Builders (NAHB)/Wells F
Read MoreWyoming refund exposes legal risk for local housing fee ordinances

Small wins on impact fees occasionally occur in costly U.S. housing markets. Teton County, Wyoming, officials agreed last week to refund a $24,325 “affordable workforce housing” fee that a homeowner had to pay to obtain a permit to build a single-family home. The payment settles a lawsuit the homeow
Read MoreeXp defendants move to toss Roberts sexual assault lawsuit ahead of April hearing

The remaining defendants in the Roberts sexual assault lawsuit have all independently filed motions seeking dismissal of the case. Last week, Michael Bjorkman and David Golden, two former top recruiting agents at eXp Realty, as well as eXp World Holdings and its CEO, Glenn Sanford, all filed motions
Read MoreHousing muni market swells amid affordability policy debate

Financing affordable housing development – typically for lower-income households – is one of the most challenging matters in real estate. Making the economics work on a deal requires layered “hard and soft” funding sources as developers navigate rising costs, policy instability, and structural gaps
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