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FHA Commissioner Opposes Down Payment Hikes

Home Legislation & Policy

WASHINGTON—The head of the Federal Housing Administration is warning that boosting the minimum down payment borrowers must provide to qualify for… Read More

Burning Wood as Renewable Power Draws Scrutiny

Home Energy

Burning wood is civilization’s oldest form of generating energy. In its modern incarnation, which includes multi-million-dollar pollution controls, it’s seen as one of the best sources for generating reliable, home-grown electricity. But community and environmental activists are raising questions about the wisdom of treating wood energy as green power.

Lead-Safety Rules May Derail Home Improvement Work

Home Tech & Building

WASHINGTON, March 11—Come April, it may be hard to find a home improvement contractor to work on your house if it was built before 1978. New lead-based paint rules from the Environmental Protection Agency (EPA) governing contractors who work in older homes go into effect April 22. Most contractors aren’t ready to comply, the National Association of Home Builders (NAHB) warns.

An Economic Boom From Homes?

Housing Market

Mar. 5—New homes pump far more into the economy in tax revenue and jobs than they cost in added spending by local governments and school districts, says a study for the Home Builders Association of Metropolitan Harrisburg.

First-Time Buyers Drove California’s 2009 Housing Market

Community Spotlight

Affordable home prices, tax credits for homebuyers, historically low interest rates, and a large number of distressed properties prompted many first-time homebuyers to enter the California housing market in 2009.

FHA Commissioner Opposes Down Payment Hikes

Home Legislation & Policy

WASHINGTON—The head of the Federal Housing Administration is warning that boosting the minimum down payment borrowers must provide to qualify for home loans backed by the agency could threaten the housing market. FHA commissioner David Stevens said at a House hearing Thursday that his agency would insure 300,000 fewer loans per year if the mandatory down payment were hiked from the current level of 3.5% to 5%.

Mortgage Rates Remain Below 5%

Housing Market

WASHINGTON—Mortgage rates held below the 5% threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire.

Consumers Say Lower Energy Not the Answer to Reducing Reliance on Fossil Fuels

Home Energy

Three out of four consumers are concerned by energy and climate change issues, but nearly two thirds say that using less energy is not the answer to reducing reliance on fossil fuels or foreign energy supply, according to global research by Accenture.

KB Home to Pre-Wire Homes for Electric Vehicles

Home Tech & Building

National homebuilder KB Home says it’s going to start offering homebuyers the option to pre-wire their new home with electric vehicle charging stations. The new option is designed to ease the future installation of a station to charge an electric or plug-in hybrid vehicle conveniently at home. 

Maine Offers Millions for Energy Efficiency Improvements

Home Energy

Main’s state-administered Efficiency Maine weatherization program has $9 million in federal funding, which it plans to use to fund weatherization projects for up to 4,000 homeowners.

‘Green’ Home Has Energy to Spare

Home Energy

How green can a house get? A Bay State couple lives in a highly energy-efficient home that creates two-and-a-half times more power than it needs. Tina Clarke and Doug Stephens built the three-bedroom house for just $180,000.