Welcome to today’s Real Estate news! We have some exciting updates for you. The Chippewa Valley Home Builders Association is hosting the highly anticipated ‘ABC’s of Home Building’ seminar, providing valuable insights for those considering building a new home or starting the building process. In addition, NerdWallet explores how construction loans can help finance your dream house, offering guidance on different types of loans and choosing the right lender. The National Association of Home Builders (NAHB) has also unveiled a comprehensive 10-point plan aimed at addressing the nationwide shortage of housing units and easing the housing affordability crisis. Lastly, the ongoing debate in El Paso raises questions about who should bear the cost of new water infrastructure as the city experiences growth. Discover more about these topics and stay informed about the latest developments in the real estate market.
Interview: What you need to know before building a home
The Chippewa Valley Home Builders Association is hosting the popular ‘ABC’s of Home Building’ seminar on Thursday, May 9th. This seminar is perfect for anyone thinking about building a new home or starting the building process. Topics covered include where to start, financing options, evaluating land, different construction methods, and more. The panel of experts includes builders, designers, lenders, and title company representatives. Space is limited, so register now to secure your spot.
How Construction Loans Help Finance Your Dream House – NerdWallet
Building a house is an opportunity to create the home of your dreams, and a construction loan provides the foundation for making it happen. Construction loans cover the cost of building or renovating a house, with the lender disbursing funds in installments as the work progresses. These loans can be used for custom homes or major renovations. During the construction phase, borrowers typically pay only interest on the loan. Construction loans can be converted to permanent mortgages or paid in full once the building is complete. Learn more about the different types of construction loans and how to choose a lender by visiting the link below.
NAHB Announces a 10-Point Plan to Tame Shelter Inflation, Ease the Housing Affordability Crisis | NAHB
The National Association of Home Builders (NAHB) has unveiled a comprehensive 10-point housing plan aimed at addressing the nationwide shortage of housing units and easing the housing affordability crisis. With the lack of homes being the primary cause of affordability challenges, the plan focuses on removing barriers that hinder the construction of new homes and apartments. As shelter inflation continues to rise, building more attainable and affordable housing is crucial. The plan outlines initiatives at the local, state, and federal levels to increase the nation’s housing supply. By implementing these practical solutions, policymakers can fulfill the promise of providing a decent home and suitable living environment for every American family. Learn more about each element of the plan here.
Who should pay for new water infrastructure in El Paso?
The El Paso City Council is facing a complex question regarding the cost of new growth and who should bear the burden. As developments expand into the outskirts of the city, El Paso Water ratepayers are increasingly covering the costs of extending water and sewer lines to these new neighborhoods. Last week, the council advanced an increase in impact fees, which would require homebuilders to contribute more towards offsetting these expenses. The debate centers around whether developers should pay for the new infrastructure or if the costs should be shared among all customers. The upcoming vote will determine the outcome of this contentious issue. Learn more about this ongoing discussion here.