Mortgages

With the fate of private activity bonds in flux, D.C.'s Housing Finance Agency is forging ahead with plans for its largest offering by the end of the year.

Financing for affordable housing projects would face new barriers if Congress approves a House GOP tax bill that eliminates the tax exemption on private activity bonds. Todd A. Lee, CEO and executive director of the D.C. Housing Finance Agency discusses the importance of the exemption to advance affordable housing projects and how the sector is fighting to preserve this tool. Hosted by Andrew Coen.

Home prices rose 6.2% on an annual basis in September, not seasonally adjusted, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, released Tuesday.

Cities and counties will be able to form the new affordable housing districts starting in January.

The pace of new single-family home sales increased by 6.2%, to the highest level since October 2007.

Existing home sales grew 2.0% to a seasonally adjusted 5.48 million-unit rate in October from a revised 5.37 million sales pace the previous month.

On Jun. 30, 2017. Dollars in thousands.

The pace of housing starts rebounded by 13.7% to a 1.290 million seasonally adjusted annual rate in October, well ahead of expectations for a 1.190 million pace.

Builders’ confidence in the market for new single-family homes increased.

The plan is up from the previously announced 200,000 homes.

The elimination of private activity bonds “would throw gasoline on a housing shortage," said John Chiang, California's treasurer.

Home prices rose 0.5% on an annual basis in August, not seasonally adjusted.

Pending home sales remained at an index reading of 106.0 in September, after a revision to August’s level.

Existing home sales grew 0.7% to a seasonally adjusted 5.39 million-unit rate in September.

The pace of housing starts fell by 4.7% to a 1.127 million seasonally adjusted annual rate in September.

The Edwardsville District 7 Board of Education could save $731,000 by refinancing bonds.

The National Association of Home Builders' housing market index climbed to 68 in October from 64 in September.

The District of Columbia transaction may have potential on a national level.

The program to purchase and support affordable mortgages for New Yorkers will include an RBC unit and provisions for military veterans.

Pending home sales declined 2.5% to an index reading of 106.3 in August.