HUD rescinds energy rule for new construction, opening market to more FHA, USDA buyers
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner said the agency is rescinding energy-efficiency requirements tied to loans backed by the Federal Housing Administration (FHA) and U.S. Department of Agriculture (USDA). Turner announced the move Tuesday at HousingWire’s Th
Case-Shiller: Home price growth remained slow in February
The S&P Cotality Case-Shiller Home Price Index rose just 0.7% year-over-year in February, down from 0.8% in January. For the ninth consecutive month, inflation outpaced home price appreciation. Consumer prices rose 2.4% — leaving any housing gain deep in negative territory in real terms. Chicago le
The infrastructure cost squeeze and what builders can do
Infrastructure costs and impact fees remain the persistent financial burdens in residential development. Site grading, roads, water systems, sewer lines, drainage, utilities and development impact fees are rising faster than home prices can absorb them. For builders operating on already compressed m
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