Economy: Page 57
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Report: HOA fees on the rise nationwide
Homeowners' association fees are rising faster than inflation and home prices, with older and larger buildings experiencing higher rates, according to Trulia.
By Katy Tomasulo • March 20, 2017 -
Lack of home listings puts pressure on builders, buyers
Rising mortgage rates and pent-up demand continue to press builders who are racing to keep up as spring selling season gets underway.
By Mary Tyler March • March 20, 2017 -
Tech workers swarm Pittsburgh, Dallas for housing affordability
A new study from Zillow and LinkedIn looks at affordability for owners and renters employed in finance, technology and health services in the top U.S. metros.
By Sean Barry • March 17, 2017 -
Trump's budget proposal a mixed bag for the construction industry
The president's plan eliminates TIGER grants for transportation projects and provides billions for the U.S.–Mexico border wall.
By Kim Slowey • March 17, 2017 -
Miami developer Crescent Heights grows Chicago footprint with apartment tower buy
The company has purchased a handful of prominent residential buildings in the city in recent years as the high-end multifamily market there nears oversupply.
By Sean Barry • March 17, 2017 -
Millennials on the march in many US housing markets
More buyers age 35 and under are requesting mortgage loans, with the Midwest leading in affordability, according to a report from LendingTree.
By Sean Barry • March 17, 2017 -
What Trump's 2018 budget proposal means for affordable housing
The plan, which redirects many community and economic development activities to the state and local levels, is an indicator of the administration's priorities.
By Hallie Busta • March 17, 2017 -
San Francisco's affordable housing density bonus proposal faces officials — again
Supporters say the law will help bridge the growing affordability gap and add needed workforce housing while critics contend it will displace current residents.
By Sean Barry • March 17, 2017 -
What the latest Fed interest rate rise means for housing
The extent to which this and the additional two increases expected this year will impact home buying and selling activity has yet to be determined.
By Sean Barry • March 16, 2017 -
Why one NYC developer is unphased about declining rents, multifamily oversupply
Slate Property Group principal David Schwartz told Crain's there aren't enough rental properties coming online to meet the anticipated long-term demand.
By Sean Barry • March 16, 2017 -
Home buyer, seller optimism rises while renters remain wary
Consumer confidence is strong in the Midwest while high home prices have renters divided, according to a recent National Association of Realtors survey.
By Sean Barry • March 16, 2017 -
Housing industry poised for busy spring buying season
Mortgage rates would need to reach 5.4% to significantly deter new homebuying activity, according to a report from First American Financial Corporation.
By Sean Barry • March 16, 2017 -
Silverback plans $100M luxury condo project in Manhattan's Gramercy Park
In response to a weakening in the ultra-luxury apartment market, the developer expects to offer 75% of the units under $2.5 million.
By Sean Barry • March 16, 2017 -
Housing starts bounce back in February
Starts activity, which reached the second-highest level since October 2007, rose on the back of the single-family market.
By Mary Tyler March • March 16, 2017 -
NAHB: Builder optimism rebounds in March to reach 12-year high
President Donald Trump's actions to roll back regulations contributed to the surge this month, but economists warn that a slowdown could be on the horizon.
By Mary Tyler March • March 15, 2017 -
Regulators wary of surge in construction, development loans
The issuance of C&D loans grew 14% last year, once again outpacing all other categories.
By Kim Slowey • March 15, 2017 -
CoreLogic: Residential foreclosures ease in 2016
Foreclosure rates are returning to pre-recession levels after peaking at 1.4 million homes, or 3.3% of the market, in September 2010.
By Sean Barry • March 15, 2017 -
Nonresidential construction backlog ends 2016 on a down note
The weak public sector was the primary driver of a 4% decline in the fourth quarter, according to the Associated Builders and Contractors.
By Kim Slowey • March 15, 2017 -
Multifamily completions set for cycle high in 2017
Growth in the category is expected to taper soon amid an oversupply in the luxury segment and rising demand for affordable units that is not being met.
By Sean Barry • March 15, 2017 -
Proposed $6B HUD budget cut could add to housing shortage
The funds could otherwise be used to bolster new construction and reduce regulatory delays that hold up affordable and market-rate projects, Trulia said.
By Sean Barry • March 15, 2017 -
Construction material prices continue to climb in February
While material costs posted moderate increases, experts say the economy is beginning to steady — likely bringing price stability with it.
By Mary Tyler March • March 14, 2017 -
NYC to convert Harlem bus depot to affordable housing project
The development will include up to 730 units to help alleviate the city's low-income housing shortage as well as a memorial for the historic African Burial Ground.
By Sean Barry • March 14, 2017 -
38 states add construction jobs in January as firms fight to keep up with demand
Florida added the highest number of jobs for the month, while California saw the steepest decline.
By Kim Slowey • March 14, 2017 -
Builders eye certifications, products for greener homes
Low-e windows, efficient HVAC systems and smart thermostats are the most common green products today, per a National Association of Home Builders report.
By Sean Barry • March 14, 2017 -
Rise in vacation rentals could be stressing HI housing stock
The volume of vacant and unavailable residential inventory has grown more than that of available units in recent years, according to the Hawaii Tourism Authority.
By Sean Barry • March 14, 2017