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What’s Up With Housing?

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The Federal Housing Finance Agency recently published data on manufactured home prices for the first time.
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While the idea of a hurricane-proof home may sound far-fetched, a Florida housing startup called Arkup has created a residence that can withstand rising sea levels and Category 4 hurricanes. The key lies in its hydraulic while lifting it 40 feet above the ocean floor.
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Many who aspire to own their own place have been locked into the rental market, due to these two main problems: student loan debt and expensive down payments.
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NAHB Housing Market Index steady at a reading of 67. The HMI measuring current sales conditions rose one point to 74 and the component gauging expectations in the next six months increased two points to 74.
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American financial systems look different today, and NAR takes some credit for improvements due to its “significant advocacy support over the past decade.”
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The National Association of Home Builders is looking for a few good women, actually more than a few. Pre-apprenticeship programs help introduce women to the industry.
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What’s Up With Housing?

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It’s been 10 years since the Great Recession, but most home prices in the Tampa Bay area still haven’t reached their pre-recession peak, according to numbers released by Zillow.
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The CFPB had about 1,200 reverse-mortgage consumer complaints over 3 years. People cited “confusion and frustration over the terms” and loan-servicing problems.
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Home buyers young and old want high-tech features in their homes. Across the board, and across the generations, security and convenience are of primary interest.
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Despite rising prices, Tampa remains one of the best cities in which to flip houses ranking 10th among 172 cities compared on such metrics as median purchase price and average remodeling costs.
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The Senate approved a bill this week, and the president signed it, to keep the National Flood Insurance Program operating for 4 more months.
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Young People Don’t Want Construction Jobs…
Disinterest in construction work is contributing to a labor shortage that has meant fewer homes built and rising prices—possibly for years to come.
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What’s Up With Housing?

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Mulvaney to Realtors, “We are not out to make you look like a bad guy if you are not. We are out to enforce the law, not become the law.”
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Construction JobsConstruction Employment Rises in 38 States and D.C. From April 2017 to April 2018… Florida Up 7%.
“The collective cultural fixation on urging every student to go to college and seek office jobs means relatively few young adults are ever encouraged to consider careers in construction.”
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The Science Is In: The Healthiest Neighborhoods are Both Walkable and Green.
We tend to take our neighborhoods for granted when it comes to health. But we shouldn’t, because there is a rapidly growing body of evidence demonstrating that the shape and character of our communities matters a great deal to our health.
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Congress curtailed tax incentives to purchase a home, and mortgage rates and home prices are up – but most buyers have more disposable income, and a higher tax deduction will compensate them for losing their IRS interest and property-tax deductions.
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Respondents said that monetary policy (not the housing market) would be the likely reason for the economy to tip into recession — a shift from the last survey when geopolitical tensions were cited.