MBA Advocacy Update Nov. 28, 2022
HUD issued updates to FHA mandatory flood insurance requirements and withdrew the mandatory use date for its FHA Catalyst EAD Module. Also, MBA last week participated in a White House meeting on tenant protections. Read more about these below:
October New Home Sales Beat Expectations
October new home sales rose by 7.5 percent from September, beating consensus expectations, the Census Bureau and HUD reported Wednesday.
CoreLogic: Single-Family Rent Growth Down 5th Straight Month
CoreLogic, Irvine, Calif., said year-over-year single-family rent growth slowed for the fifth consecutive month in September to 10.2%, down from a high of 13.9% in April. Additionally, rent growth this September fell below that of a year ago.
MBA Chart of the Week: Thanksgiving Price Inflation
Our Thanksgiving edition of Chart of the Week focuses on four major food and beverage items popular for the occasion – turkey, potatoes, baked goods and wine. Consistent with the broader inflationary environment, prices for these products, as measured by the Consumer Price Index have seen significant growth over the past year.
The Week Ahead, Nov. 28, 2022: Back to Business
Good morning, and happy Monday! We hope you had a safe and happy Thanksgiving holiday weekend. Now, back to business: here’s what’s happening this week:
