$31,000

Simply Unaffordable! Mortgage Demand (Purchase Applications) Fall 14% Compared To One Year Ago While HUD Energy Rules Will Add Up To $31,000 To New Home Prices (Payback Time Is 90 Years)

by confoundedinterest17 Housing in the US is simply unaffordable, particularly after HUD levied new regulation rising the cost of new housing up to $31,000. Wait for this to kick into the data for mortgage demand! Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications …

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New Biden Energy Rules Will Raise the Cost of a New Home by $31,000

via Mike Shedlock New HUD energy rules will raise the cost of home construction by imposing stricter building codes. Payback time is 90 years. Homes To Become Even More Unaffordable The Wall Street Journal comments on Biden’s New Plan for Unaffordable Housing. The Department of Housing and Urban Development is mandating costly new energy standards for …

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