By KIMBERLEY HAAS Developing federal land for housing could become a reality under the new Trump administration. U.S. Department of Housing and Urban Development Secretary Scott Turner and U.S. Department of the Interior Secretary Doug Burgum announced a partnership between the two agencies on March 17 that could make federal land available for residential use. “Our…
Welcome to The Mortgage Note’s latest podcast series. We’re sitting down one-on-one with industry leaders to learn more about their careers and to find out their perspectives on lending and housing. Our first guest is Ed Pinto, Co-Director and Senior Fellow at AEI Housing Center in Washington, DC. Scott Kimbler recently spoke with him about…
By KIMBERLEY HAAS When Donald Trump starts his second term as President of the United States, he will be facing unprecedented challenges in the housing market. Housing is a leading cause of rising costs for American families. National home prices have jumped nearly 40% over the course of the last four years. Mortgage rates, which…
By KIMBERLEY HAAS Industry leaders are discussing what a potential release from conservatorship might look like for Fannie Mae and Freddie Mac under Trump’s second term. At the AEI Housing Center conference held in Washington, DC, the topic came up during a panel discussion on housing priorities for the new administration. Michael Calhoun, president of…
By SCOTT KIMBLER The American Enterprise Institute in Washington, D.C. recently hosted a presentation on an often overlooked, and sometimes opposed, solution to combating the country’s housing shortage dilemma: light-touch density. Light-touch density is sort of a middle ground between building larger multi-unit structures and the traditional single-family home structure. It typically consists of duplexes,…
New residential construction got a boost from multi-family units in June as builders continue to hesitate when it comes to investing in single-family homes. Housing starts were up 3% from May to a 1.35 million annual pace, according to new data from the U.S. Census Bureau. The increase came from a nearly 20% jump in…
By SCOTT KIMBLER Home price appreciation will continue to climb throughout 2024, according to the latest analysis by leaders at AEI Housing Center. Tobias Peter, co-director and senior fellow at AEI, spoke during a presentation earlier this month and said even though purchase volume is down, data suggests home price appreciation will rise over the…
By EDWARD PINTO On December 15, HUD released its annual Point-In-Time (PIT) homeless and housing inventory counts (HIC) conducted in January 2023. The key finding was that homelessness reached a record high as the 2023 annual count increased 12% and 18% respectively from 2022 and 2017. The average rate of homelessness per 1,000 population in…
By TOBIAS PETER As rising home prices continue to undermine the American Dream of homeownership for hard-working Americans, Congress is considering a bipartisan bill modeled after the successful VA home loan program, to help first responders and teachers buy a home. However, as long as there is a housing shortage, first-time homebuyer assistance programs, such…
By SCOTT KIMBLER As officials work to address racial bias in home valuations, leaders at a public policy think tank in Washington, DC, are saying recent recommendations made by a federal task force miss the mark. The Interagency Task Force on Property Appraisal and Valuation Equity, or PAVE for short, was created in June of…
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