NAHB Resources on Hand to Drive New Home Sales
With the spring home buying season moving into full view, this issue of Nation’s Building News features NAHB resources that association members can use now to get the most out of a marketplace that has been hammered by the worst conditions in living memory.
The housing market has begun to show signs of new life in recent weeks, led largely by first-time buyers. Builders across the country have been reporting that historically low mortgage rates, affordable home prices and the $8,000 tax credit are reviving interest in home buying.
In the latest development, home builders received encouraging news on May 12 when HUD Secretary Shaun Donovan announced that FHA-approved lenders; federal, state and local government agencies; and FHA-approved non-profit organizations would be allowed to supply first-time home buyers with short-term or “bridge loans” up to the amount of the tax credit. ...
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