NBN Online for the week of August 1, 2005

Senate Bill on GSE Reform Found Wanting

Legislation emerging from the Senate Banking Committee last week to revamp the regulatory framework of Fannie Mae, Freddie Mac and the Federal Home Loan Banks prompted disappointment among the nation’s home builders.

“The bill to overhaul the housing government-sponsored enterprises (GSEs) that was narrowly passed on July 28 along party lines by the Senate Banking Committee represents a missed opportunity to achieve a meaningful regulatory framework that strengthens and safeguards the financial health of the GSEs while preserving their vital housing mission,” said Jerry Howard, executive vice president and CEO of NAHB.

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Lumber Prices Provided by Random Lengths

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Apartment Rentals Home to Fewer School-Aged Children

Large rental apartment buildings are not a burden to local school systems, according to a new study by NAHB confirming that significantly fewer children are found in those multifamily residences than any other type of housing.

NAHB’s analysis has also found that enough local income typically is generated by the construction of a new multifamily rental building to offset the increased educational expenses of the school-aged children who will be living there.