The National Association of Home Builders (NAHB) and its chairman Ed Brady have just issued the following statement on Tuesday's national election results:
"The National Association of Home Builders congratulates Donald Trump on his election as the 45th President of the United States of America and all the lawmakers who were elected to the 115th Congress.
"When President-elect Trump takes the oath of office in January and the 115th Congress convenes, NAHB looks forward to working in a bipartisan manner with the incoming administration and Republican and Democratic congressional leaders to tackle critical issues facing the housing industry.
"Specifically, policymakers need to reform the regulatory process, ensure creditworthy home buyers and small businesses can get mortgages and loans, protect the mortgage interest deduction and expand the Low Income Housing Tax Credit. It is also essential to enact comprehensive housing finance reform that safeguards the 30-year mortgage. This pro-housing legislative and regulatory agenda will spur job growth and keep the housing and economic recovery moving forward."
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage in the U.S. dropped 10 basis points to 4.31 percent. Mortgage rates declined decisively this week amid various market reports.
According to CBRE's latest U.S. Data Center Trends Report, demand from large cloud users drove U.S. data center leasing to record levels in 2018, providing momentum for new construction in the sector this year.
According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates held steady in the last week of February, after declining for three consecutive weeks. Mortgage rates remained mostly unchanged this week.
According to the National Association of Realtors, existing-home sales in the U.S. experienced a dip for the third consecutive month in January 2019. Of the four major U.S. regions, only the Northeast saw an uptick in sales activity last month.
Join 34,000+ real estate professionals worldwide who receive our free weekly newsletter