Housing
The Pennsylvania housing market experienced a significant increase in both home inventory and prices in May, reflecting a positive trend in the industry. The number of listings rose over 12% compared to the same time last year, reaching a total of 41,100 in May, and sales also saw a
Housing
The Sheffield City Council's housing policy committee has approved a five-year strategy to address the city's housing needs, with a focus on affordability, sustainability, and diversity. The strategy involves five key ambitions: increasing housing choice, reducing carbon emissions to net zero by 2030, providing safe and
Housing
The Scottish Government's policies have made it increasingly harder for small and medium-sized (SME) home builders to deliver new homes in Scotland. A survey by Homes for Scotland (HFS) found that 88% of its SME members are concerned about workforce capacity, while 96% said slow planning decisions are
Housing
The housing market is facing an unprecedented crisis, with housing starts hitting a five-year low in May. Despite a severe shortage of affordable housing, numerous factors are exacerbating the issue. The Trump administration's policies, such as tariffs on Canadian lumber and high mortgage interest rates, are significantly contributing
Housing
As Canadian renters eye the property market for potential future purchases, a growing number are choosing to delay their entry into homeownership due to affordability concerns, a recent survey suggests. According to the Royal LePage report, commissioned by Burson, a notable trend is emerging: renters are holding out for housing
Housing
The New York State Housing Finance Agency (Agency) has issued two new series of affordable housing revenue bonds, which have been assigned Aa2/VMIG 1 ratings by Moody's Investors Service. The bonds, totaling $85,645,000, are part of the Agency's ongoing efforts to finance affordable
Housing
Fitch Ratings has issued a new report maintaining a 'neutral' outlook for the US Community Development and Social Lending (CDSL) sector, despite growing risks from proposed federal spending cuts, higher construction costs, and slowing rent growth. The sector's stability is supported by strong equity buffers and
Housing
The state of Hesse in Germany has announced a cost subsidy program to support the conversion of residential properties to make them accessible for people with disabilities. Under the program, property owners can receive a 50% cost subsidy on eligible expenses, up to a maximum of EUR15,000 per residential
Housing
The Government of India has approved 2.34 lakh houses under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 scheme, taking the cumulative number of sanctioned houses to 7.09 lakh. The scheme aims to provide 1 crore urban families with financial assistance to construct or purchase a pucca house.
Housing
The developer of a La Mesa townhouse project, Cantera, is requesting to be released from its commitment to make some units affordable, despite having accepted financial incentives in exchange for that pledge. This decision could set a precedent for the city's affordable homes bonus program, which aims to
Housing
Laja Adeoye, the President and Chief Executive Officer of Fendini Group, a top real estate developer in Nigeria, emphasized that the country requires a robust and feasible housing policy to address the pressing need for affordable mass housing production. According to Adeoye, the existing policy is outdated, and a pragmatic
Housing
The state of New York, under the leadership of Governor Kathy Hochul, has completed the Mt. Olive Senior Manor, an affordable housing development for seniors on Buffalo's East Side. This development is part of the state's historic $50 million investment in the area and aims to
