MBA Chart of the Week: State, Local Building Performance Standards

New York City has Local Law 97.  Washington D.C. has its Building Energy Performance Standards (BEPS).  Seattle has its Building Emissions Performance Standards (also BEPS). Denver has its Building Performance Policy (BPP).

MBA Chart of the Week: Selected Indexes of Housing Costs

The monthly cost burden of purchasing a new home, as interest rates and house prices rose precipitously in 2022, continued in the first few months of 2023. For example, MBA’s Purchase Applications Payment Index (PAPI), hit a new high in May. Since then, despite 30-year mortgage interest rates eclipsing 7%, the index has come down slightly as median loan application amounts moderated. We are, however, still in record territory as shown by the solid green line in this week’s chart.