Pending Home Sales Creep Up 0.4% in April

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Headlines, Market Studies, News Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Pending Home Sales Creep Up 0.4% in April The Best Markets For Residential Property Investors 2 days ago Existing Home Sales Mortgage Rates NAR Pending Home Sales 2014-05-29 Tory Barringer Previous: Q1 GDP Declines; ‘Marked Turnaround’ Expected for Q2 Next: RealtyTrac Welcomes New VP Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Pending Home Sales Creep Up 0.4% in Aprilcenter_img Pending home sales ticked up again in April, signaling further sales growth to kick off summer.The National Association of Realtors (NAR) recorded a 0.4 percent gain in its Pending Home Sales Index(PHSI) for April, bringing it up to 97.8. A measure of contract signings, the index serves as a forward-looking indicator for future sales activity.”Higher inventory levels are giving buyers more choices, and a slight decline in mortgage interest rates this spring is raising prospective buyers’ confidence,” said Lawrence Yun, chief economist at NAR.Compared to last year, pending sales were still slow, falling 9.2 percent from April 2013 as rising housing costs and diminished supply hinder buyers. With activity just now starting to pick up after a weak first quarter, the group expects annual existing-home sales this year to come in “modestly below” last year’s total of 5.1 million before recovering to an anticipated 5.3 million next year.However, with mortgage rates and home prices still trending upward, Yun says sales conditions will also depend on income growth to match those increases, along with changes in the labor market and in mortgage underwriting conditions.”An uptrend in closed sales is expected, although some months will encounter a modest setback,” he said.A pickup would be welcome news for the existing single-family home market, which saw sales steadily decline until finally improving in April for the first time this year.Around the country, pending sales bumped up 0.6 percent in the Northeast and 5.0 percent in the Midwest compared to March. Those increases were offset slightly by declines of 0.6 percent and 2.9 percent in the South and West.Relative to April 2013, sales numbers were down in all regions, with declines ranging from 6.4 percent in the South to 15.0 percent in the West.  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Existing Home Sales Mortgage Rates NAR Pending Home Sales Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago May 29, 2014 564 Views Related Articles Share Savelast_img read more

Obama Stresses Nation’s Economic Growth in State of the Union Address

first_imgHome / Daily Dose / Obama Stresses Nation’s Economic Growth in State of the Union Address Tagged with: Politics President Barack Obama State of the Union Address U.S. Economy The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago During his State of the Union address Tuesday evening, President Barack Obama did not make any substantial announcements regarding the housing market, government mortgage-backed securities, or the GSEs. However, “lower mortgage premiums” were mentioned, alongside “child care and sick leave and equal pay” as “ideas [that] will make a meaningful difference in the lives of millions of families.”Obama said his budget proposal is aimed at “middle-class economics,” with goals of “helping folks afford childcare, college, health care, a home, retirement.”However, in addition to mentioning the need for lower mortgage premiums, Obama also spoke of one American family who spends more on childcare than on their mortgage, prompting Jed Kolko, chief economist and VP of analytics at Trulia, to tweet in response, “Not a hard sell for lower FHA premiums.”Wall Street Journal journalist Joe Light tweeted during the speech, “Not much on housing in #SOTU but not much there could be. Housing needs stuff like wage growth to get going rather than legislation.”Obama did mention wage growth as he spoke of the overall progress of the national economy. “Today, thanks to a growing economy, the recovery is touching more and more lives,” Obama said. “Wages are finally starting to rise again.””The shadow of crisis has passed, and the state of the union is strong,” the president said early in his speech.The nation has experienced “the fastest economic growth in over a decade, our deficits cut by two-thirds, a stock market that has doubled, and health care inflation at its lowest rate in fifty years,” Obama said.Obama touted the past year as “a breakthrough year for America” as job growth outpaced any year since 1999 and unemployment fell below pre-crisis levels.However, not all agree with this rosy portrayal. “If only we could get more people to leave the labor force, the unemployment rate could fall some more,” tweeted Mark Calabria, director of financial regulation studies at the Cato Institute, a public policy research group. Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Subscribe Related Articles Previous: Gap Widens Between Non-Foreclosure Solutions and Foreclosure Sales Next: Survey: Investors Preferred Flipping to Renting in Q4 January 20, 2015 1,995 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Obama Stresses Nation’s Economic Growth in State of the Union Address Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Politics President Barack Obama State of the Union Address U.S. Economy 2015-01-20 Krista Franks Brock The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Share Save in Daily Dose, Featured, Government, News About Author: Krista Franks Brocklast_img read more

Nonbank Market Share in the Mortgage Industry Sees Substantial Increase

first_img The Best Markets For Residential Property Investors 2 days ago 2015-10-26 Brian Honea The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Nonbank participation in the mortgage market reached its highest level in two decades during 2014, according to Freddie Mac’s October Insight & Outlook report released Monday.The market share of non-depository, independent mortgage companies tumbled after the Great Recession with the collapse of the mortgage and secondary markets—especially those companies that were focused on subprime lending. In 2014, the market share of independent mortgage companies rose to 47 percent for home purchase loans and 42 percent for refinance loans, the highest those shares have been at any point in the last 20 years, meaning nonbank mortgage companies have more than regained their market share they lost due to the Great Recession.In 2009, the peak year for industry concentration, the top five mortgage originators accounted for 62 percent of all mortgage loans; five years later, in 2014, the market share of mortgage loans for the top five firms had tumbled to just 34 percent, according to Freddie Mac.While some have attributed the increase of the role of nonbank institutions in the mortgage market to nonconventional lending and a willingness to originate riskier mortgage loans, data from the Home Mortgage Disclosure Act showed that the increase has been broad-based across different loan types and demographic groups. There are several reasons why the large commercial banks have lost market share in the mortgage industry, according to Freddie Mac.The mortgage industry is less profitable for big banks due to increased capital requirements;Profitability for big banks in the mortgage market has been reduced due to increased regulation from the CFPB, which has increased big banks’ concerns about liability for missteps;Big banks are more cautious about lending due to bad memories over the 2013 representation and warranty settlements, despite the FHFA and GSEs taking significant steps to provide lenders more certainty about rep and warranty exposureLike Fannie Mae and Freddie Mac, big banks are still trying to resolve substantial legacy portfolios; high costs of servicing the troubled loans in those portfolios have caused some banks to reduce their participation in the mortgage market“We expect the GSE share will continue to decrease over the next few years,” Freddie Mac wrote in the report. “Many lenders have signaled an increased willingness to hold loans in portfolio rather than sell them into the secondary market. The increasing market share of small banks and credit unions will support this trend. Historically, small banks and credit unions are more likely to hold conventional conforming loans in portfolio than large banks. We also expect jumbo loan originations to increase, boosted by solid house price appreciation, and the majority of these loans also are held in portfolio.”The recent emergence of small Internet lenders, or “marketplace lenders,” is a development to watch, according to Freddie Mac; some of these marketplace lenders were launched using crowdfunding, but have begun to attract traditional venture capital. Millennials who grew up entirely in the digital age may be attracted to those marketplace lenders; the authors of the report said it is “entirely too early” to tell if this will be the case, but said they intend to watch it closely. Demand Propels Home Prices Upward 2 days ago Nonbank Market Share in the Mortgage Industry Sees Substantial Increase in Daily Dose, Featured, Market Studies, News About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post October 26, 2015 4,726 Views Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Nonbank Market Share in the Mortgage Industry Sees Substantial Increase Previous: Investor Sues FHFA and Treasury Over GSE Profits Next: Buying is Cheaper than Renting in Most Housing Markets Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

Working with Homeowners

first_img Share Save  Print This Post Tagged with: Foreclosure Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Foreclosure 2017-08-04 Joey Pizzolato August 4, 2017 1,112 Views Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Working with Homeowners Previous: Time is Running Out Next: CoreLogic Service Integrates With Fannie Mae Foreclosures are down for the first time year-over-year since 2013 in Massachusetts, according to a recent report by WWLP 22. Take a look at their report in this Video Spotlight. Demand Propels Home Prices Upward 2 days agocenter_img Subscribe Home / Daily Dose / Working with Homeowners The Best Markets For Residential Property Investors 2 days ago Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] in Daily Dose, Featured, Headlines, News Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Joey Pizzolatolast_img read more

Expansion Plans

first_img Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Sign up for DS News Daily Class Valuation, a national appraisal management company headquartered in Michigan, announced its acquisition of California-based Landmark Network—a real estate valuation firm specializing in the reverse mortgage lending industry. “As we continue to execute our innovation strategy, we will take great interest in those firms that excel in service and reputation in markets we believe in,” said Michael Detwiler, CEO of Class Valuation. “With an impressive list of clients, including a meaningful percentage of the industry’s top reverse mortgage lenders, Landmark has done a fantastic job delivering quality, service, and reverse valuation products backed by innovative technology. That’s the kind of specialization and expertise we’re seeking as we continue to expand our footprint,” Detwiler said. Landmark Network was launched with the vision of providing financial services companies with a superior solution for their appraisal management and technology needs. Since inception, the company has been dedicated to providing exceptional customer service to its client base. This vision fits in-line with Class Valuation’s commitment to service and technology that is shaping the future of the valuation space, so more borrowers can realize their American dream. “We were very impressed with the strategic plan that Class Valuation presented and look forward to growing together–both organically and through acquisition,” said Erik Richard, former CEO of Landmark–now COO of Class Valuation’s Western Region. “I’m pleased that the team at Class understands the intrinsic value of customer relationships and service as well as the reverse mortgage market and values we bring to the company. There is no doubt that this market will continue to grow and that lenders will require our services,” he said. Class Valuation was assisted by Berkery Noyes in the successful completion of this transaction. The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save in Daily Dose, Featured, News, Servicing Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post December 18, 2018 1,000 Views Tagged with: Acquisition Class Valuation Erik Richard Landmark Network Michael Detwiler reverse mortgage market Van Nuyscenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Acquisition Class Valuation Erik Richard Landmark Network Michael Detwiler reverse mortgage market Van Nuys 2018-12-18 Donna Joseph Expansion Plans Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Discussing the Future of Housing Next: Why Senior Homeowners Stand to Gain Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Donna Joseph Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Expansion Plans Subscribelast_img read more

Who is FHFA’s New Chief of Staff?

first_img Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Who is FHFA’s New Chief of Staff? Share Save January 31, 2019 4,540 Views Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe About Author: Donna Joseph Tagged with: FHFA John Roscoe Joseph Otting Sen Mike Crapo Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Demand Propels Home Prices Upward 2 days agocenter_img The Federal Housing Finance Agency (FHFA) has appointed John Roscoe, a special assistant to President Donald Trump and former Trump campaign official, as its new Chief of Staff. Roscoe will take on the new role on February 4 and report directly to Acting Director Joseph Otting. Roscoe currently serves as Special Assistant to the President in the White House Office of Presidential Personnel. The FHFA statement noted that his work has helped shape the economic, trade, and regulatory arm of the Trump Administration. Prior to joining the White House, Roscoe served in senior roles in the private sector and state government, including at the Ohio Treasurer’s office. “I am honored by this appointment and look forward to working with Acting Director Otting and the highly respected FHFA team,” Roscoe said.Commenting on the appointment, Otting said that Roscoe brings to the position “solid judgment that comes from working at a very high level across all ​branches of government.” “John is a dynamic and collaborative leader with a track record of success. I look forward to working with John to carry out the mission of the FHFA,” Otting said. The latest appointment comes at a time when the FHFA has been in the news because of Otting’s remarks on ending the conservatorships of Fannie Mae and Freddie Mac. As reported in DS News earlier, according to a recording of his remarks obtained by Politico, Otting told FHFA employees that they would be seeing communication from the White House and the Treasury over the next two to four weeks that “really sets a direction for what the future of housing will be in the U.S. and what the FHFA’s part will be.”The remarks set the share prices of both the government-sponsored enterprises (GSEs) soaring as investors became more hopeful that Fannie and Freddie could soon be out of government conservatorship.Housing Finance Reforms are also on top of the Senate Banking Committee’s agenda. The Committee will assess these and other proposals to determine how we can fix the flawed system, establish appropriate levels of taxpayer protection, preserve the 30-year fixed-rate mortgage, increase competition among mortgage guarantors and promote access to affordable housing,” said Sen. Mike Crapo, Chairman of the Senate Banking Committee. Previous: James Hecht to Head Retail Production at Caliber Next: The Challenges of Obtaining Mortgage Payment Assistance Related Articles Servicers Navigate the Post-Pandemic World 2 days ago FHFA John Roscoe Joseph Otting Sen Mike Crapo 2019-01-31 Donna Joseph The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Who is FHFA’s New Chief of Staff? The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, News The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

Optimism in the Housing Market and Economy

first_img The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Editor’s note: This feature originally appeared in the December issue of DS News.At Freddie Mac, Leonard Kiefer is responsible for primary and secondary mortgage market analysis and research, macroeconomic analysis, and forecasting. Kiefer is also involved in the analysis of policy issues affecting the housing industry. Kiefer is a frequent speaker at professional and academic conferences around the country. Kiefer has also been quoted in the national media as an expert on the subject of housing economics. He is a member of the American Real Estate and Urban Economics Association and the American Economics Association. Kiefer joined Freddie Mac in 2009 as a Senior Economist. Kiefer spoke with DS News about some misconceptions surrounding the current housing market, and expressed optimism going into 2020. November 28, 2019 3,232 Views Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe How has the influx of single-family rentals impacted the market?It doesn’t help in aggregate because it doesn’t create new housing supply. If you’re switching from owner to renter-occupied, that doesn’t create a new unit. If it was a previously vacant home that you have rehabbed and done work on, that’s adding new supply, but that story was several years ago. If you look at vacancy rates across the country in aggregate, they are very low now. There are pockets of areas with very low vacancy rates, but in aggregate, the oversupply of vacant housing that we had, around 2 million by our estimates in 2009 and 2010, has swung the opposite direction. It is now a deficit. The tenure switching from owner to renter doesn’t help in aggregate if you don’t have a vacant supply to work with. What you’re doing is just switching owner to renter, that doesn’t create any more housing units.The number of housing units available is low relative to what our population needs. We’ve done a lot of research on that, and it is a major issue. Unfortunately because housing markets move slowly, and investment and construction take time, this is a story that is going to stay with us for a few years. 2019-11-28 Mike Albanese What other pressures are being put on the market?We have seen a surge in first-time homebuyers. It’s not so surprising given the demographics of the U.S. population. We have a large generation of millennials we hear so much about all the time. There’s a reason we hear so much about them: they are large in number, and so far have not had the typical housing life cycle. They haven’t formed households at the rates of previous generations.We did some research over the last couple years suggesting that we are having about 1.6 million missing households. Part of that is sociological, but a lot of it is housing costs. That is due to the fact that supply has not kept up with demands, so those first time buyers really get stifled. According to our analysis, the homeownership for 25 to 34-years-olds declined about eight percentage points between Gen Xers and millennials. Of that decline, about four percentage points is due to higher housing costs, including home prices and rents.That affordability challenge is really hitting those young adults, but even despite that, they are forming households, starting to become homeowners, and starting to move the housing market in a big way over the next three to four years.We’re really at the front end of a wave on this, and it’s not cresting yet. We are about two to three years out from the maximum impact of that group. Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Optimism in the Housing Market and Economy The Week Ahead: Nearing the Forbearance Exit 2 days ago What is the current outlook on a possible future recession?The recession questions is at the top of housing economist’s minds. The baseline forecast from the National Association for Business Economics remains “no recession,” but they are getting more worried about the pace of growth. It’s something we have been looking at, and we have been getting a lot of questions. We’re trying to think about it and put our thoughts together—it has been at the top of my mind. My view is a little more optimistic than my peers. I think the U.S. economy is going to do alright. There are some signs worth talking about, but in general, one thing that is a good sign for the U.S. economy is the housing market. For many of the previous recessions, the housing market has led the economy in a recession and has been pretty resilient, so that gives us some strength to weather manufacturing slowdowns and trade disputes, which may lead to a deceleration in overall growth. We can still have modest growth over the next couple of years, fueled by a housing market that is showing some signs of getting back on track after a slowdown in 2018 and into the early part of 2019. Share Save in Daily Dose, Featured, News, Print Featurescenter_img What are the trends surrounding natural disaster preparedness?One way natural disasters have impacted things is the construction market struggling to create new units and natural disasters creating demand for labor-intensive remodeling services. It puts more pressure on the housing market in terms of their ability to create new supply. For example, in Houston, where you have a strong housing market, damage from storms means a lot of units need to be rebuilt. The labor devoted to that can’t be devoted to building new units.Over time, the incidence of these disasters has increased, both in their dollar size and in number. That is creating more pressure. The construction industry is also facing a shortage of workers, and as they face more and more retirements it will put more pressure on the market. What does your day-to-day at Freddie Mac look like?I’m fortunate to have a lot of smart colleagues and a great team. I manage a number of economists on my team and I report to my chief economist. I typically check in with them and see what they’re working on. That’s one of the best parts of my job, hearing what other smart people are doing.Day-to-day, we start off figuring out what’s been going on overseas overnight. We see if the treasury markets have moved. We talk with the team to run some models and do some data analysis. Some of that is graphing, charting. For example, running scenarios if a recession does hit. Optimism in the Housing Market and Economy Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Challenges Ahead for Mortgage Servicing in 2020 Next: The Asset Generating Power of SFR Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post About Author: Mike Albanese Data Provider Black Knight to Acquire Top of Mind 2 days ago What are some common misconceptions you encounter about the housing market?One of the things that is tricky is differentiating the effect of a generational impact and things at points of time in their life. Millennials and Gen Xers may have behaved similarly in their 20s and 30s. Even though the oldest millennials are close to 40, they are still young people in the minds of some people, so we really have to start thinking about Gen Z.They are a totally new generation, and I think are going to be quite different than millennials. It’s hard to distinguish if this is an age effect or a business effect, so a lot of the myths are tied up in conflating these things. Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Related Articles Sign up for DS News Daily How solid has the housing market’s recovery become in recent years?With economic data, there are always a couple sides to it. We’ve seen some strength in construction and home sales in recent months, but then you look at some absolute level at where those indicators are and there is some room for improvement.It depends on your perspective. I’m focused in the near-term on the trend, because it gives us a sense of where the economy might be headed and how housing might impact the broader economy. I’m feeling better about the statistics in the most recent couple of months relative to where they were in the early part of this year.There is still room for improvement. In particular, the levels of homebuilding remain too low for what the U.S. economy needs, and that is constricting housing supply across the country. It’s creating pent-up housing demand, which puts pressure on home prices and rents, and creates an affordability challenge. There’s definitely places where the housing market could be doing better, but I think the recent trend has been positive in terms of showing growth.last_img read more

Northwest MEP welcomes new exploration measures

first_img Pinterest Previous articleReilly: I have grave concerns over HSE Savita reportNext articleInvestigation launched after 3 fishmen die News Highland Facebook NPHET ‘positive’ on easing restrictions – Donnelly WhatsApp 448 new cases of Covid 19 reported today RELATED ARTICLESMORE FROM AUTHOR Calls for maternity restrictions to be lifted at LUH Large European extraction companies such as oil, mining and logging firms will be forced to disclose far more details of the dealings they have with the governments of the countries they are operating in.That follows new legislation approved by the European Parliament yesterday.The aim is to make companies extracting the likes of oil, gas and diamonds, and other natural resources more transparent.Independent MEP Marian Harkin says the new rules will go a long way to stamping out dubious practices.”I think what this ensures is that we are aware of the business that they are doing, and that corrupt governments and these larger companies can’t be…in cahoots together to the detriment of the people in those countries” she said.”In conflict zones: that that money is not used to back one side or the other” she added. Three factors driving Donegal housing market – Robinson By News Highland – June 13, 2013 Twittercenter_img WhatsApp Pinterest Facebook Google+ Northwest MEP welcomes new exploration measures Help sought in search for missing 27 year old in Letterkenny Google+ Twitter News Guidelines for reopening of hospitality sector publishedlast_img read more

Government urged to introduce a register for lobbyists

first_img Previous articleGAA – Donegal In Kildare Ahead Of Ulster Quarter FinalNext articleSoccer – Management Insist Given Will Be Fine For Ireland’s Opener News Highland LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp Twitter The government is being urged to enact legislation to introduce a register for lobbyists and legislation governing how they operate.The issue was raised in the Dail this morning by Donegal South West TD Thomas Pringle, who suggested Labour had “gone over to the dark side”.Deputy Pringle asked Tanaiste Eamon Gilmore if, having previously committed to creating a register, the government is now afraid to do so…………[podcast]http://www.highlandradio.com/wp-content/uploads/2012/06/tprin1pm.mp3[/podcast]Eamon Gilmore denied that there is any lessening of Labour’s commitment to a register – He told the Dail the legislation is being prepared………….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/06/egilm1pm.mp3[/podcast] RELATED ARTICLESMORE FROM AUTHOR News By News Highland – June 7, 2012 Government urged to introduce a register for lobbyists Google+ Pinterest Google+center_img Facebook Calls for maternity restrictions to be lifted at LUH Twitter Pinterest Three factors driving Donegal housing market – Robinson Facebook Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApp Guidelines for reopening of hospitality sector published Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

Options open to the council ahead of Budget ‘D-day’

first_img Three factors driving Donegal housing market – Robinson Options open to the council ahead of Budget ‘D-day’ WhatsApp RELATED ARTICLESMORE FROM AUTHOR Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Google+ Google+ Twitter Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Calls for maternity restrictions to be lifted at LUH Newsx Advertscenter_img WhatsApp Facebook Facebook By News Highland – January 9, 2012 Almost 10,000 appointments cancelled in Saolta Hospital Group this week Previous articleIndependent Councillor says budget failure is likelyNext articleFrancois de Dietrich loses prison sentence appeal News Highland Guidelines for reopening of hospitality sector published Twitter Pinterest There are a number of possible outcomes to tomorrow’s reconvened budget meeting in Lifford.Despite the county manager indicating there is very little wiggle room in terms of how money could be redistributed, some compromise could be reached and the budget could be passed.Although tomorrow is being flagged as D day for deciding the budget, the council has the option of asking the Minister for Local Government for a time extension to allow for further debate, if such a request was made, it is inevitable that the minister would allow it.Thirdly, if a budget cannot be agreed and a time extension is neither requested or granted, the council would be dissolved and the government would appoint a commissioner.There role would be to put the council’s business in order and most likely implement the County Manager’s draft budget – once that was done the council would be reformed.It would be only the second time the government has had to intervene in such a fashion, the last time involved Naas County Council in the 1970’s.last_img read more