People in the News Sept. 28, 2021

CBRE, Dallas, appointed Rachel Vinson as Global Chief Operating Officer for Capital Markets. She lead the operations of CBRE’s global Capital Markets business, consisting of Property Sales, Debt & Structured Finance and Capital Advisors—the firm’s investment banking division.

August New Home Sales Pick Up the Pace

New home sales rose in August for the second straight month and at the fastest pace since April, HUD and the Census Bureau reported Friday.

Housing Starts Post Solid August Increase

Home builders liked what they saw in August—HUD and the Census Bureau said August housing starts rose by nearly 4 percent from July, almost entirely by multifamily activity, and by more than 17 percent from a year ago.

HUD: Without New Housing Supply, Cost Burdens to Increase

HUD this week released its latest research on innovative strategies being pursued by state and local governments to remove regulatory barriers to affordable housing and increase housing supply, while cautioning that without “significant” news housing, cost burdens are likely to increase.

Administration Announces Steps to Increase Affordable Housing Supply

The Biden Administration on Wednesday announced a number of steps aimed at creating, preserving and selling to homeowners and non-profits nearly 100,000 additional affordable homes for homeowners and renters over the next three years, with an emphasis on the lower and middle segments of the market.