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Pace of inflation eases slightly in April but still at 40-year high


David Dworkin, president and chief executive of the National Housing Conference, said he doesn’t expect home prices to meaningfully fall, because the country is short about 3 million to 5 million homes, and builders are going to be hard-pressed to keep up if borrowing costs and construction costs keep rising. He estimates that the cost of the monthly mortgage payment on a typical single-family home goes up about $200 per month for every one-point rise in mortgage rates.

Agencies Issue Proposed CRA Changes


David M. Dworkin, president and CEO of the National Housing Conference, calls the latest proposal “a significant improvement while being open to additional feedback on key issues. This proposed rule moves CRA into the 21st century with a durable approach that will withstand the scrutiny of future swings in political leadership for at least a decade,” he says in a statement.

The standard home in Canada now costs twice as much as in the U.S. A plan to rein in the ‘stunning’ boom is a test for both housing markets


In Canada, home sales and new listings fell 5.4% in March, while 30-year mortgage rates in the U.S. have already risen sharply. These actions will “temper demand and get the housing market back into balance,” Kavcic says, but they don’t address the nagging housing shortage in both countries. “If we’re not building enough housing, what we’re going to end up with is less affordable housing—and still not enough of it,” Dworkin says.

Freddie Mac first out of the gate with plans for targeted lending programs


The special purpose credit programs will pertain to Black, Latino and Native American borrowers, according to Pamela Perry, head of Freddie Mac’s single-family equitable housing team. The programs will be announced in the third quarter of this year, Perry said during a fair housing webinar hosted by the National Housing Conference, a mortgage trade association.

Biden nominates Michael Barr as Federal Reserve vice chair


David Dworkin, president of the National Housing Conference, which advocates for affordable housing, suggested that Barr’s understanding of Wall Street gives him the right mix of “centrist expertise and progressive policy views” to win confirmation in a closely divided Senate.

Can Inclusionary Zoning Put a Dent in the Housing Crisis?


The gap between the amount of revenue a building will generate based on rents and what developers need to pay lenders prevent many affordable units before they even begin, according to the National Housing Conference. Without enough tax credits and grants, developers need to take out bigger loans, and many lenders won’t provide them. If the rent is genuinely affordable, the property’s net operating income will often be too low to justify.

Will The Housing Market Crash? Experts Give 5-Year Predictions.


“If we fail to address shortages in housing supply, we run the risk of fueling the fires of inflation rather than extinguishing them. The result could be ‘stagflation,’ a word most of us haven’t used in a generation–-high inflation and economic recession,” says David Dworkin, president and chief executive officer of the National Housing Conference. “This would devastate the housing economy and only exacerbate our current housing supply challenges.”

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