A Renewed Focus on Housing Supply

first_img Previous: Montgomery on FHA Streamlining of “Unnecessary and Outdated” Regulations Next: Signs Point to Healthy Spring for Home Sales Affordability Existing new home sales Fannie Mae Inventory Jeff Hayward single-family construction Single-Family Homes 2019-03-14 Donna Joseph Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Donna Joseph A Renewed Focus on Housing Supply Home / Daily Dose / A Renewed Focus on Housing Supply Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Tagged with: Affordability Existing new home sales Fannie Mae Inventory Jeff Hayward single-family construction Single-Family Homes Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago “Supply and demand regulate nearly every aspect of our economic lives,” said Jeff Hayward, EVP, Multifamily at Fannie Mae. In a perspective blog entitled, “Affordable Housing Crisis Demands Renewed Focus on Housing Supply,” Hayward pointed out the plight of buyers seeking reasonably priced homes in a market with an insufficient supply of such units. “In communities across the United States–from our fastest-growing cities to rural towns–imbalances between supply and demand have persisted. Rather than self-correcting, in many places, they have worsened over the last decade. In most cases, these imbalances have been exacerbated by a complex set of policies, incentives, and disincentives that have sharply limited the available supply of moderately priced homes and apartments,” he said. Speaking of single-family homes, Hayward noted that according to Fannie Mae’s analysis of housing data, the inventory of existing single-family homes for sale has declined over 30 percent nationwide since 2011, while the nominal price of homes sold has increased by 57 percent. He cited the inadequate single-family construction in the current expansion relative to job growth as the reason for the insufficient supply of both new and existing homes for sale. “First-time homebuyers, especially baby boomers, are staying in their homes longer, limiting the supply of starter homes for new first-time homebuyers as well as the supply of ‘next homes’ for growing families looking to buy up,” he said. “That is a key reason why the supply-price imbalance for moderately priced homes – those most attractive to new households or first-time homebuyers – has been even worse than higher-priced homes,” Hayward added. Commenting on apartment seekers, Hayward noted that they have it bad as well as low to moderate incomes has remained static since 2010 at a time demand for these units has been brisk. Most new apartments are targeted at higher-income renters even now and have resulted in rents outpacing wages nationwide most major U.S. metropolitan markets. He also addressed the dilemma faced by the entire mortgage market in an environment where housing is becoming expensive by the day in an industry facing difficulties in making mortgages sustainable. However, he noted that “the supply of mortgages may be adequate, but clearly, the supply of homes is not.”  Hayward also touched upon Fannie Mae’s efforts in tackling housing affordability and the significant role of innovations and partnerships in renewing the focus on housing supply. Read the full article here. The Best Markets For Residential Property Investors 2 days ago Related Articles March 14, 2019 1,519 Views Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

Bob Weir, Bill Kreutzmann, & Mickey Hart React To John Mayer’s Touching Note In Billboard

first_imgYesterday, we reported about a note John Mayer had written to the Grateful Dead, congratulating them on the 50th anniversary of their debut album The Grateful Dead. The note spread across an entire page in Billboard Magazine, reading: “To the band that changed my life, and for the music that keeps on coloring it in.” The note received a lot of attention from Deadheads worldwide who’ve enjoyed seeing this late-blooming Dead & Company guitarist accept his life-changing career path. “Forever Grateful,” he signs.Fellow bandmates and original Grateful Dead members Bob Weir and Bill Kreutzmann shared their reactions to the note of gratitude. “Thanks for this John Mayer. It’s a pleasure coloring in these pages with you,” Weir wrote. “There’s a lot to be said here… Thank you, John Mayer,” said Kreutzmann. Longtime percussionist Mickey Hart also responded to the note, writing “John Mayer – You’re one of us now.” It goes without saying that these recognitions are pretty solid.See below for the page from Billboard Magazine:In March of 1967, the Grateful Dead released their debut album The Grateful Dead. The record included few originals, “The Golden Road (To Unlimited Devotion)” and Jerry Garcia‘s “Cream Puff War,” along with some of their signature covers of “Beat It On Down The Line,” “Cold Rain and Snow,” “Sitting On Top of the World,” “Morning Dew,” “Viola Lee Blues,” and more.It’s no wonder John Mayer felt the need to attribute these career-shaping sounds, as he continues to carry the torch 50 years later while performing alongside original members guitarist Bob Weir and drummer Bill Kreutzman, and long-time percussionist Mickey Hart. The revitalized music is only accentuated through the bass wonders of Oteil Burbridge and the psychedelic keys of Jeff Chimenti. We can’t wait for Dead & Company tour this summer! Check out the full schedule here.Mayer will also be on solo tour this summer, promising an acoustic set, a set with the John Mayer Trio (featuring bassist Pino Palladino and drummer Steve Jordan), and a set with his full live band as well. More information can be found here.last_img read more

Tuesday’s QPR quiz

first_imgHow much do you know about QPR defender Jose Bosingwa? See how many of these five questions you can answer correctly.[wp-simple-survey-38]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 Follow West London Sport on TwitterFind us on Facebooklast_img read more

India shoot to second spot with five golds

first_imgTwo pairs of shooters were bang on target while the grapplers made a clean sweep of all three titles at stake as India grabbed five gold medals to climb to the second spot in the medals table below Australia in the Commonwealth Games on Tuesday.Wrestler Ravinder Singh with his coach Satpal Singh.The Indian men’s 10m air rifle pair of Olympic gold medallist Abhinav Bindra and world record holder Gagan Narang started the gold rush for the country in the morning which was sustained by women shooters Rahi Sarnobat and Anisa Sayeed who picked up the pairs 25m pistol event for women in style.Two more silver medals came India’s way from the Dr Karni Singh shooting range before greco-roman style grapplers Ravinder Singh (60 kg), Sanjay (74 kg) and Anil Kumar (96kg) made a clean sweep of all three gold medals on offer from the wrestling mat to round off a splendid day for the hosts.The two silver medals were earned by Deepak Sharma and Omkar Singh, in the men’s 50m pistol pairs event, and the woman’s duo of world champion Tejaswini Sawant and Lajjakumari Gauswami, who stood second in the pairs 50m rifle 3 position.The five gold and two silver medals boosted the hosts’ overall medal tally to 5-4-2 on the second day of competitions after the weightlifers gave the country two silver and as many bronze medals yesterday.The three wrestling gold medals pitchforked India to the second place behind Australia after England overtook the home country briefly through their first two golds from the pool won by Liam John Tancock (men’s 50m backstroke) and Francesca Jean Halsall (women’s 50m butterlfly).advertisementThe day commenced in scintillating fashion for India when Bindra and Narang ended the first day’s gold medal drought with a Games record of 1193, overtaking their own mark of 1189 set four years ago in Melbourne, to clinch the men’s 10m air rifle pairs event.Their feat was followed by a superb display of calm nerves and dead centre shooting by the women’s duo of Rahi Sarnobat and Anisa Sayyed who added the second gold in the women’s 25m pistol pairs event with a championship record of 1156 to boot.Sharma and Omkar ended up second in the men’s 50m pairs event (1187) behind Lim Swee Hon and Gai Bin of Singapore.Later Tejaswani and Lajjakumari finished second in the women’s 50m air rifle 3 position, by equalling the 2006 Games mark of 1143 points, Singapore’s Aquilah Sudhir and Jasmine Xiang Wei who broke the previous record by six points.”Many thought I am a dictator, since I had imposed a gag order on the shooters prior to the Games. But whatever I was doing, I was doing for the country. And we have got the reward for that,” said a beaming national coach Sunny Thomas after his team members won a medal in each of the four events they took part in during the day.- With PTI inputslast_img read more

Minister Shaw to Tackle Food Imports in Tourism Sector

first_img Mr. Shaw said it should not be the case that most of the food served by hotels “literally comes into the island on the same planes that fly in the tourists”. Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw, says the Ministry intends to tackle the issue of food imports in the tourism industry head-on.The majority of the island’s total food imports, about 60 per cent, are directed to the hotel, restaurant and institutional (HRI) sector.Mr. Shaw said it should not be the case that most of the food served by hotels “literally comes into the island on the same planes that fly in the tourists”.“It’s not just fresh foods, but processed foods as well,” he noted, while addressing the launch of Things Jamaican’s ‘True Stories – From Farm to Shelf’ at The Jamaica Pegasus hotel in New Kingston on May 15.He said that the matter must be addressed “frontally” in order to create more opportunities for local farmers and producers, while enabling visitors to enjoy the Jamaican experience.“We have to find a way to penetrate that very critical market, a market that is now over four million tourists,” he added.He noted that the Agricultural Marketing Corporation (AMC) Complex, located on Spanish Town Road, Kingston, will become a modern, supportive agro-industrial complex for “processing, packaging of fresh foods for the domestic (and) export markets, and the tourism sector is part of the export market”.True Stories – From Farm to Shelf tells the stories of 29 local entrepreneurs in the food industry.The launch was also used to celebrate the linkages between agriculture and manufacturing. “It’s not just fresh foods, but processed foods as well,” he noted, while addressing the launch of Things Jamaican’s ‘True Stories – From Farm to Shelf’ at The Jamaica Pegasus hotel in New Kingston on May 15. Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw, says the Ministry intends to tackle the issue of food imports in the tourism industry head-on. Story Highlightslast_img read more

Federal Court gives green light to residential dayschool students class action lawsuit

first_imgAPTN National NewsThe Tk’emlups te Secwépemc and Shishalh Indian Bands have been given the green light by the Federal Court to proceed with a class action lawsuit on behalf of former Indian residential school day students.Day-school students were not included in the Indian residential school settlement agreement.Tk’emlúps te Secwépemc Chief Shane Gottfriedson speaks to APTN about the legal victory.last_img