Sales of newly built, single-family homes rose for a third consecutive month in May, posting a 2.1 percent gain to a seasonally adjusted annual rate of 476,000 units.
The Home Building Lending Improvement Act of 2013 would discourage lenders from calling construction loans whose payments are current and establish regulatory guidelines to allow the banking industry to restore lending for viable home building projects.
The city has already awarded three vacant city-owned sites on streets lined with old-line two- and three-family homes in the Roxbury and Jamaica Plain neighborhoods to teams of developers and architects.
The Insurance Institute for Business & Home Safety says that Maryland citizens will be safer due to legislation passed by the legislature and signed into law by Gov. Martin O’Malley.
Sales of newly built, single-family homes rose 2.3 percent to a seasonally adjusted annual rate of 454,000 units in April, according to newly released figures from HUD and the U.S. Census Bureau.
The International Association of Fire Chiefs and the Insurance Institute for Business & Home Safety are asking Congress to enact the Safe Building Code Incentive Act.
Flawed, unnecessary, and costly regulations burden small home builders by raising expenses and slowing the home building process. These hurdles ultimately rob builders of time and money and pass on higher housing costs to consumer.
Soon after completing a beach-side tree house, the town of Holmes Beach contacted the homeowners and said that the structure violated local codes; and if they did not remove it, they would be fined $500 a day.