U.S. Rep. Gary Ackerman, D-N.Y., is planning to introduce "Homestead: Act 2," a bill designed to encourage homeownership by offering potential homeowners incentives to invest in existing homes.
The Environmental Protection Agency last Wednesday decided to reconsider the imposition of a nationwide cap on how much sediment can be part of the stormwater draining from a construction site. The agency's announcement comes more than 18 months after NA
President Obama has directed a small team of advisers to develop a proposal that would keep the government playing a major role in the nation’s mortgage market, extending a federal loan subsidy for most home buyers, according to the Washington Post.
The housing industry gave mixed reviews to the Obama administration's proposal to sell tens of thousands of foreclosed properties owned by government-backed entities and then convert them to rentals, reported the Wall Street Journal.
Sales of new homes beat expectations for May, but are still at historically low levels, according to the U.S. Census Bureau. May sales were at a seasonally adjusted annual rate of 319,000, 13.5 percent above May 2010's record low.