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As the price of materials such as lumber and concrete continue to fall, many developers are employing an "as-needed" approach to purchasing at the end of the second quarter.
National and regional banks are slowly starting to provide construction debt again, but they're only opening the balance sheet to those with whom they have an existing or potential long-term relationship.
With the fatality rate of new Sec. 221(d)(4) loans hovering at about 50 percent, you have to manage your expectations for the loan process. Here are some tips from FHA lenders on how to position your deal for approval.
Confusion over shingle warranty; a cautionary note about low-flow toilets
SACRAMENTO, CALIF.— California officials and representatives of Citi have come up with an innovative plan to help jump-start construction lending for affordable housing projects in the state.
While the changes to the FHA's Sec. 221(d)(4) new construction program are aimed at market-rate deals, mixed-income and workforce housing developments will also be impacted.
More mold headaches; ice dam insurance; stair template available; choosing the right word
Sealing cuts in fiber cement; epoxy from a caulk gun; a grinding reminder; pricing kitchen remodels
The future of HUD’s Sec. 202 initiative is in doubt, as the 61-year old program suffers budget cuts and a proposed moratorium on new construction.
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