Turning vacant lots into homes will require more than new housing legislation

Wholesale inflation cooled in June more than economists had forecast, as energy prices that have surged since the start of the Iran war in late February abated last month. Supply-chain inflation tracked by the producer price index (PPI) rose 5.5% last month, the U.S. Bureau of Labor Statistics (BLS) reported Wednesday, reflecting a 0.3% monthly…

The Securities and Exchange Commission today announced five new members of the Small Business Capital Formation Advisory Committee. The new members were appointed to four-year terms and will join the 15 current Commission-appointed committee members.  “I thank the new members for their willingness to serve on the advisory committee, which plays an important role in advising the Commission in our work to facilitate…

Falling energy prices drove down inflation in June, offering Federal Reserve’s policymakers and would-be homebuyers a welcome reprieve after May’s dramatic surge. Beating economists’ expectations, overall prices increased by 3.5% in the 12 months through June, retreating from the previous month’s three-year-high of 4.2%, according to the U.S. Labor Department’s Consumer Price Index (CPI) data released Tuesday. Total…

Most Canadians say there is no perfect time to buy a home, according to a new RBC poll that points to the uncertainty still hanging over the housing market despite some improvement in affordability. The survey found that 64% of Canadians agree “you can never really know when the right time is to buy a…

The recently enacted 21st Century ROAD to Housing Act removed a construction rule that imposed thousands of dollars in unnecessary costs to manufactured housing since 1974, according to Zillow. The act removed the requirement that manufactured homes be built on a permanent steel chassis, a change expected to cut $5,000 to $10,000 from the cost…