Industry News

A 10-Year Anniversary Highlights Need for Housing Finance Reform

Tom Oslund

With Fannie Mae and Freddie Mac now marking their tenth year of conservatorship, NAHB today called on Congress to make it a priority to enact comprehensive reform to the nation’s housing finance system.

“To ensure a stable housing finance system that will support the future of homeownership and affordable multifamily housing in America, Congress must fix the structural flaws inherent in...

Builder Confidence Remains Firm in August

Tom Oslund

Builder confidence in the market for newly built single-family homes edged down one point to a solid 67 reading in August on the NAHB/Wells Fargo Housing Market Index.

“The good news is that builders continue to report strong demand for new housing, fueled by steady job and income growth along with rising household formations,” said NAHB chairman Randy Noel. “However, they are...

Helpful hints for first-time home buyers

Tom Oslund

There’s good news for Americans who think they can’t afford to buy a house: There’s a slew of government programs aimed at helping first-time homebuyers get a mortgage, often with very favorable terms.

For instance, there are conventional mortgages backed by Fannie Mae and Freddie Mac that require a down payment of just 3 percent for qualified buyers. Mortgages insured by the Federal...