Builder News Reports of Home Mortgage Delays – And What You Can Do to Prevent It NAHB | Recent media reports have cited mortgage delays resulting from new federal home disclosure rules that went into effect on Oct. 3 due to confusion over how the rule is being enforced. In response, the Consumer Financial Protection Bureau (CFPB) has sent a letter to the Mortgage Bankers Association assuring the industry that minor formatting issues and other technicalities should not slow the process. Read more Construction Sector a Leader for Job Growth Over the Next Decade NAHB | The construction industry is expected to experience a significant amount of employment growth over the next decade, according to new projections from the Bureau of Labor Statistics (BLS). In a recent Eye on Housing blog post, NAHB senior economist Robert Dietz provides an analysis of the BLS employment projections, which are designed to estimate labor market changes. These estimates assume full employment and do not attempt to gauge cyclical or business cycle effects. Read more Activating the Millennial New-Home Buyer Builder Magazine | A residential builder’s guide to the who, why, and how of development, design, construction, and marketing to young adults of today and tomorrow. Thirty-five. That’s how old the eldest of a 75 million strong generation of Americans known as Millennials--the youngest of whom will turn 19 in 2016--will be in the next 12 month stretch. As a matter of fact, Millennials—the crop of people born between 1981 and 1997--this past year surpassed the Baby Boom as the United States’ largest population cohort, a wave of relatively new and emerging households that, we expect, will reshape economic , business, and geographic marketplaces for decades to come. Read more 14 | HBRA of Fairfield County | January 2016
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