A new report from Bloomberg indicates that first-time homebuyers are having difficulty securing loans thanks to student loan debt totals nearing $1 trillion.
Restraints on credit for home buyers and home builders continue to impede the housing and economic recovery, Federal Reserve Chairman Ben Bernanke said at recent meeting of the National Association of Home Builders (NAHB) Board of Directors in Orlando.
New research from Morgan Stanley suggests the federal government’s program to turn foreclosed properties into rental opportunities could have a significant positive impact on job creation.
Taylor Morrison, the nation’s largest private home builder, has hired former JetBlue Airways Chief Financial Officer Ed Barnes to serve in the same capacity.
Credit reporting companies CoreLogic and FICO have begun including rental payments as a factor in determining an individual’s credit score, according to a New York Times report.
The majority of builders have faced some type of builder or buyer financing breakdown during the past year, according to a survey of Professional Builder readers.