News

Builder confidence subsides slightly in April

Comes down off unusually high March reading
Homebuilder confidence fell off from the high reported in March, decreasing three points in the Housing Market Index in April. However, despite this decrease, experts point out that builder confidence remains at solid levels.
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Are factory-made homes the future of housing?

Solving construction labor shortage one robot at a time
Housing inventory recently hit an all-time low as builders struggle to keep up with the rising demand. One factor in the low inventory has been a shortage of construction workers, but a new trend could remedy that as it produces homes made by robots.
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Monday Morning Cup of Coffee: Industry trade groups tell Senate how to fix financial regulations

MBA, CUNA weigh in on regulatory reforms
The main front for the Republican Party’s push for regulatory reform is in the House of Representatives, where an effort is underway to replace the Dodd-Frank Wall Street Reform Act with the Financial CHOICE Act. But the House isn’t the only place where regulatory reform is on the table. Here's a look at what some of the mortgage industry's biggest trade groups want the Senate to do about regulatory reform. All that, and more, in your Monday Morning Cup of Coffee.
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Los Angeles struggles to retain workers due to high housing costs

Can’t compete with more affordable markets
Los Angeles may have year-round sunshine and great beaches, but that may not be enough to entice workers to accept jobs there. Businesses, instead, must develop special hiring packages in order to compete with more affordable housing markets. What would it take to get you to work in LA?
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Lennar ordered to pay more than $100 million to iStar in 2005 land row

Homebuilder recently set aside $140 million for litigation expense
The U.S.Court of Appeals for the Fourth Circuit ordered Lennar to pay more than $100 million to iStar to settle a lawsuit that stretches back to 2005. According to details published Friday by iStar, a real estate investment trust, the Court of Appeals upheld a lower court’s decision in the lawsuit that stemmed from a soured land deal from more than a decade ago.
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And the most competitive housing market in March is…

Redfin study names top 5
Redfin’s recent study not only showed that the housing market is gearing up for a hot spring home-buying market, but also which markets are the most competitive. In some markets, homes are selling in just over a week, while in others nearly 70% of homes are selling above asking price. As the industry gears up for one of the busiest times of the year, here are the five most competitive markets.
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NAFCU reiterates calls to Congress to lighten regulatory burdens for credit unions

Dodd-Frank pushing credit unions out of market
Credit unions have focused a lot of their efforts after the financial crisis fighting to make sure they aren’t suffocated by regulation put in place to fix problems they didn’t participate in. National Association of Federally-Insured Credit Unions President and CEO Dan Berger wrote a letter to the Senate Banking Committee, highlighting the economic benefits that credit union regulatory relief would create.
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