Kentucky Housing Market Steadies

 Sixty-seven percent of Kentucky REALTORS® anticipate an increase in home purchases by investors, according to the September 2021 edition of the HousingIQ Survey of Kentucky REALTORS®. Forty-four percent of the 243 REALTORS® from across Kentucky expect house prices to increase over the next twelve months, while forty-nine percent expect greater price cutting.

“The run-up in rent prices continues to make the rental market attractive to corporate investors. As individual homebuyers grapple with affordability challenges and inventory shortages persist, investors will continue to snap up properties,” said Vidur Dhanda, author of the survey. “Corporate investors, although deep-pocketed and able to act fast, are disciplined and patient. They are unlikely to fuel bidding wars.”

Mom-and-pop landlord conditions continue to worsen. Sixty-seven percent of the respondents reported that mom-and-pop landlords were choosing to sell their properties — a fifteen-point jump from last month’s survey results.

Read more: housingiq.com/housingiq-survey-of-kentucky-realtors-september-2021/

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Vidur Dhanda

413-303-9765

housingiq.com

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Hong Kong – Housing Department urges tenants to keep estates clean and not to burn wax during Mid-Autumn Festival

Housing Department urges tenants to keep estates clean and not to burn wax during Mid-Autumn Festival

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     With the approach of the Mid-Autumn Festival, the Housing Department (HD) reminds tenants that burning wax in the common areas of public rental housing (PRH) estates may cause their households to be allotted penalty points without warning under the Estate Management Marking Scheme and a fine of $1,500 for littering.
 
     “Four verbal warnings were given for littering or wax burning in the common areas of PRH estates during the Mid-Autumn Festival last year. In addition, patrol staff have issued about 550 verbal warnings in relation to the Prevention and Control of Disease (Wearing of Mask) Regulation (Cap. 599I) and the Prevention and Control of Disease (Prohibition on Group Gathering) Regulation (Cap. 599G),” an HD spokesman said today (September 18).
 
     The spokesman reminded that parents should stop their children burning wax as it is a hazardous act which may cause fires and severe burns.

     Family members of children committing the misdeed would have their tenancy jeopardised. “Although wax burning and littering caused by tenants celebrating the Mid-Autumn Festival has abated in the past few years, we will continue to step up our patrolling this year. If minors refuse to stop the misdeed despite verbal warning from our patrol staff, we will turn to their parents. The household will be subject to allotment of penalty points under the Marking Scheme. The tenancy will be terminated if 16 points or more have been allotted within two years,” the spokesman stressed.
 
     Apart from routine checks by estate offices, for three consecutive days from next Monday to Wednesday (September 20 to 22), staff from the department’s Regional Patrol Teams and Mobile Operations Unit will be deployed to patrol PRH estates beyond midnight. Additional cleaning workers will also be deployed to clean up early in the morning following the festival day.
 
     To caution tenants against wax burning and remind them to keep the estates clean, the messages have been publicised through posters and the Housing Channel.
 
     To minimise the risk of contracting and spreading COVID-19 in PRH estates, the spokesman urged tenants to maintain personal and environmental hygiene, dispose of litter properly and keep up social distancing. Tenants must comply with the Prevention and Control of Disease (Wearing of Mask) Regulation (Cap. 599I) and the Prevention and Control of Disease (Prohibition on Group Gathering) Regulation (Cap. 599G).

     The spokesman called for PRH tenants’ support by reporting any misdeeds to estate offices or the Housing Authority Hotline on 2712 2712.
 

Habitat for Humanity: Innovation Awards at the Virtual Asia-Pacific Housing Forum to Promote Winning Sustainable Solutions for Affordable Housing

The Asia-Pacific Housing Forum’s Innovation Awards recognize and celebrate innovators and disruptors in the affordable housing sector. Startup and scaleup companies, policymakers and advocates, architects and engineers are invited to submit sustainable and practical solutions for affordable housing.
“The Asia-Pacific region faces complex housing challenges, compounded by rapid urbanization, natural and human-made disasters, the negative effects of climate change, and persistent poverty and inequality,” said Luis Noda, Asia-Pacific vice president of Habitat for Humanity. “We need everyone working together and every possible creative solution that is locally adapted to address the housing deficit.”

“The recognition allowed us to expand our circle of influence, created more awareness about our advocacy in the community and open more opportunities to help others,” said Paulette Liu, president of SKILLS and a 2019 Innovation Awards winner.

The Innovation Awards (visit aphousingforum.org/innovation-awards) underscores the importance of strategic collaboration, specifically by multiple sector partnerships that foster innovations. The Awards are organized by Habitat for Humanity in collaboration with the Hilti Foundation, Whirlpool and the European Union-funded SWITCH-Asia SCP Facility.

There are three award categories: ShelterTech, Public Policies, and Inspirational Practices. The ShelterTech category seeks technology innovations (product & services) led by the private sector; while the Policies category promotes innovative public policies across all government levels to help reduce the housing deficit while taking into consideration specific needs of minorities, vulnerable and marginalized populations. The third category recognizes practices from public or public-private partnerships that contribute to improved communities and settlements and increased access to affordable housing for the most disadvantaged segments of society.

A special Sustainability Award, sponsored by the SWITCH-Asia SCP Facility, will be given to the innovator who will score highest in showcasing scalable solutions for sustainable housing, regardless of the category. The EU and its SWITCH-Asia Programme recognize the critical importance of the housing sector to sustainable consumption and production, and promote sustainable housing and buildings as part of their support for green, circular economies in its 24 target countries in Asia.

“For Asian countries to achieve more sustainable consumption and production in the housing and building sector, it is vital that we heed diverse experiences and adapt these to local realities. The SCP Award will showcase one solution that is particularly inspiring, and we are looking forward to supporting its winner in connecting with EU SWITCH-Asia stakeholders,” said Zaida Fadeeva, Team Leader of the SCP Facility.

The top 12 finalists will get to present their ideas in front of a jury panel and the public during the virtual Innovation Awards Grand Premiere on December 1. Winners will be announced on December 8, 2021 during the Asia-Pacific Housing Forum. Each winner will receive a trophy and a US$ 5,000 cash prize. Deadline for submission is September 12, 2021.

The Forum, with the theme “Building forward better for inclusive housing,” includes program tracks on resilient cities and communities, innovative housing solutions and technologies, sustainability in the housing sector, and financing affordable housing. It includes a training course on land tenure and markets and a youth congress that will highlight the need for decent, affordable housing and the ways in which the youth can contribute to addressing the housing challenge.

Register for complimentary access to the fully virtual Asia-Pacific Housing Forum at aphousingforum.org.

About Habitat for Humanity

Driven by the vision that everyone needs a decent place to live, Habitat for Humanity began in 1976 as a grassroots effort and has since grown to become a leading global nonprofit working in more than 70 countries. In the Asia Pacific region since 1983, Habitat for Humanity has supported millions of people to build or improve a place they can call home. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. To learn more, donate or volunteer, visit habitat.org/asiapacific

About EU SWITCH-Asia Programme

Launched in 2007, the SWITCH-Asia programme is the largest European Union-funded programme promoting Sustainable Consumption and Production (SCP) supporting 24 countries in Asia and Central Asia. The programme has funded around 130 projects, supporting over 500 Asian and European non-for-profit partners, about 100 private sector associations and 80.000 Asian MSMEs. The SCP Facility, one of SWITCH-Asia Components, aims at strengthening the implementation of SCP policies at the national level, facilitating the coordination of all components of the programme through information sharing. In addition, it carries out analyses on the results of the pilot projects and supports dialogue with stakeholders.

The EU and its SWITCH-Asia programme have recognised the critical importance of the housing sector to sustainable consumption and production or SCP, and the construction, housing and buildings cluster is a major pillar of EU policy and SWITCH-Asia activities. It is highlighted as part of the green transition in the flagship EU Green Deal (2019) and the Circular Economy Action Plan (2020). To stimulate further green innovations, the EU has also put forward legislation including its Construction Products Regulation. As the housing and building stock in Europe is not expected to grow as dynamically as in Asia, one of the focus areas for the EU is the renovation of existing buildings for increased energy efficiency, through its “Renovation Wave” strategy (2020), which prioritises social housing. In the SWITCH-Asia programme, several national assignments focus on implementing SCP principles in the buildings sector, including in Pakistan, Bangladesh and Kyrgyzstan.

Leading Housing Experts to Host Free Virtual Community Seminars Monthly for First Time Home Buyers

 M. “Nicole” Williams-Lewis of Home Goals Realty announced today that a free community seminar for First Time Home Buyers will be held virtually on September 18, 2021 and once a month thereafter.

Those thinking about purchasing a home are encouraged to sign up for this free seminar with a leading mortgage professional, real estate agent, title company and more. Speakers will dive into how to prepare for as well as get started on the path to purchasing a home, address down payment assistance options that may be available to help and where to find affordable homes. Additionally, attendees will learn how to qualify for financing as well as what types of loans are available. Further, the presenters will address how to avoid negotiation mistakes, exactly what the closing process is and more in an engaging as well as fun environment.

Presenting are leading industry experts in housing from Homeowners Financial Group, Golden Dog Title and Trust, North Florida Premier Building Consultants and more. These businesses have strong customer support and the professionals representing them consistently dedicate themselves to helping others achieve their goals of homeownership. Attendees will enjoy learning the home buying process from the comfort of their home.

M. “Nicole” Williams-Lewis is excited to take part in this premier event among some of today’s top corporations and to show continued support for the services built on shared values to include awareness of homeownership opportunities for all. Advanced registration is required and can be completed online.

Virtual seats are running out therefore interested parties are encouraged to visit the link in the contact us section below or to text the Program Coordinator for the sign up link and complete registration today.

For more information please text Program Coordinator M. “Nicole” Williams-Lewis at (904) 580-3708.

About M. “Nicole” Williams-Lewis

M. “Nicole” Williams-Lewis of Home Goals Realty is a licensed Real Estate Broker whose goal is to help as many people as possible learn how to become homeowners and help them successfully navigate the home buying process to realizing the American Dream. One way that Nicole accomplishes her goal is by educating buyers on the home buying process as well as what resources may be available to help them do it. Headquartered in Jacksonville, FL, M. “Nicole” Williams-Lewis is committed to the interests of your audience with services available throughout Florida.

To learn more about Real Estate Broker Nicole please visit the link in the contact us section below.

Home Goals Realty

M. Nicole Williams-Lewis

(904) 580-3708

http://seminar.homegoalsrealty.com

https://www.homegoalsrealty.com

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U.S. Housing Starts Surge To 15-year High –

Mosaic’s Construction Technology

Mosaic’s Construction Technology

PHOENIXApril 16, 2021PRLog — According to a report on national housing starts released today, U.S. homebuilding surged to nearly a 15-year high in March. The housing market demand is being fueled by the demand of millions of Americans who continue to work from home and seek larger accommodations.

Mosaic (https://mosaic.us/), a construction technology company is addressing the state’s housing shortage in partnership with one of Arizona’s most forward-thinking builders as well as a premier land developer, by offering innovative, sustainable designs with improved efficiencies, while also reducing construction waste.

According to the Arizona Association of Realtors®, between March 2020 and March 2021, the number of active listings statewide fell 53 percent, while sales rose by just over 10 percent.  The sharp decline in listings meant just over one month’s worth of inventory at current sales levels, or falling nearly 55 percent, and prompting sales prices to rise by nearly 12 percent.

In general, because a balanced market between buyers and sellers is generally considered closer to six months, this inventory shortage is putting more pressure on homebuilders to add more supply, while also maintaining quality standards.  That’s where Mosaic fits in.

In Prescott Valley, Mosaic serves as the general contractor and oversees the entire building process for 350 new homes at Jasper by Mandalay Homes (https://www.mandalayhomes.com/community/jasper/), a collection of single-family, net-zero energy homes at the base of the area’s picturesque Glassford Hill.  Currently offering 11 different floor plans, homes at Jasper will range from approximately 1,231 to 2,531 square feet.

“Mandalay was approaching the limits of building materials and product innovation, and we’ve been searching for a company like Mosaic to catalyze the next step,” said Dave Everson, owner and founder of Mandalay Homes. “Mosaic has reduced our framing time, increased our control over the construction process, and has operated with admirable attention to quality.”

Reports released today by the Commerce Department indicate U.S. housing starts surged 19.4% to a seasonally adjusted annual rate of 1.739 million units last month, the highest level since June 2006.  A combination of increasing COVID-19 vaccinations, warmer weather and continued fiscal stimulus are driving the economy, with growth this year by economists expected to be the strongest in nearly four decades.

In Flagstaff, Mosaic is also working with Mandalay Homes as the general contractor and architect for Adora at Timber Sky (https://adoratimbersky.com/), a collection of 35, single-family homes ranging from approximately 1,650 to 1,850 square feet.  Nationally recognized as an industry leader in energy conservation, indoor air quality, and water sustainability, Mandalay Homes has earned the Indoor airPLUS Leader Award six years in a row for its Indoor airPLUS homes.

Developed by Vintage Partners, the Timber Sky (http://vintagevp.com/project/timber-sky) master plan is one of only 11 ‘dark sky’ communities in the world, allowing residents and visitors to take full advantage of northern Arizona’s clear skies for stargazing.

Elsewhere in Flagstaff, Mosaic is acting as the general contractor, architect, and site planner for Vintage Partners (http://vintagevp.com/projects) to create the 200-home Sky Cottages community.  This unique single-family, build-to-rent (BTR) neighborhood is based on three core principles: Sustainable energy efficiency shared amenities and spaces, and multi-modal transportation options.

Located on 20 acres adjacent to the Timber Sky master-planned community, the residences will include their own front door to the outside instead of a common hallway.  In addition, many homes will also feature private yards or patios. Interior spaces will range from approximately 750 to 1,250 square feet, feature all-electric appliances, and at least 20 homes will be constructed with solar panels.

“Mosaic has created immense value for us in the Flagstaff, Arizona market,” said Walter Crutchfield, Managing Partner at Vintage Investment Partners. “Not only have their home designs improved our design guidelines, but the way they’re building the homes will raise the bar for innovation in developments around the country.”

In order to accomplish this, Mosaic brings an extensive range of experience and the power of their proprietary software to make homebuilding scalable. Their end-to-end homebuilding software platform delivers value throughout the entire homebuilding process, from design through construction, and even extending into warranty calls.

“Our mission is to build places people love and make them widely available,” said Salman Ahmad, CEO and co-founder of Mosaic.  “We have developed software technologies that make construction more efficient and scalable. With every home Mosaic builds, we are expanding an ecosystem of like-minded partners eager to improve our communities. By scripting and automating the construction process, we are able to build in a way that is more dynamic, allowing us to build more diverse and unique homes anywhere in the world.”