National Association Of Home Builders Content Index - Page 1

The National Association of Home Builders is a trade association that helps promote the policies that make housing a national priority. Since 1942, NAHB has been serving its members, the housing industry, and the public at large. Look here for information and data from NAHB and what they can do for you.

**$8,000 First Time Home Buyer Tax Credit To Be Extended and Expanded** First time home buyers and others can celebrate soon. There's movement to extend and expand the first time home buyer tax credit. But wait, there's more. The new and improved home buyer's tax credit will be expanded to include higher income earners and existing home owners. The fragile real estate may have hit a jackpot as the expanded and improved tax credit was surely supported by the real estate industry and residential mortgage brokers. It's the new and improved home buyer tax credit.

$8,000 First-Time Home Buyer Tax Credit Being Used Illegally? You Betcha!

Debt overload or overboard? A small business owner is facing off with the recession. On one hand, he has to refinance his debt to stay afloat. On the other hand, navigating the complicated waters of small business loans has him confused. A miracle phone call seems to answer all of his needs and provide him with the money he needs to retain his employees. How can you find out if an offer is a scam or if it can truly help save your business?

Will the $8,000 first time home buyer tax credit be extended? This and other questions about the first time home buyer tax credit are on the minds of home buyers as they try to figure out the best deal in the housing market. Should a daughter buy a house from her parents or should she use a quit claim deed? There are income restrictions and rules against buying from relatives under the first time home buyer tax credit regulations. How long do first time home buyers have left to find a house before the deadline to take advantage of the first time home buyer tax credit?

Renovation costs have soared out of control - even in the current recession. You'd think that renovation costs would be less because fewer home improvement contractors are employed. But that doesn't seem to be the case. Consumers, mindful of renovation costs are staging their home improvement projects. Doing home improvement projects in phases lowers renovation costs.

In its 2008 survey of mortgage fraud, the FBI concluded there is a strong correlation between mortgage fraud and distressed real estate markets. Indeed, some of the states with the highest levels of mortgage fraud also had the highest levels of foreclosures. But new mortgage fraud scams emerged in 2008 that tested the abilities of the FBI to contain them. Here is a look at the newest mortgage fraud scams.

This morning, HUD Secretary Shaun Donovan announced a new program that will allow first-time buyers to use the $8,000 tax credit toward FHA loan costs, rather than wait to file their 2009 tax returns (in 2010) to get the cash. We've published the Shaun Donovan HUD statement and the FHA Mortgagee Letter that describe the program on the ThinkGlink.com website.

HUD Secretary Shaun Donovan announced on May 29, 2009, a program that will allow first-time buyers who use FHA financing to apply the $8,000 federal first-time buyer tax credit toward loan closing costs. In a speech, he announced that FHA-insured loans would allow buyers to turn the credit into cash toward loan costs. FHA loans now account for 25 percent of all home loans on the market, up from 2 percent of mortgages two years ago. The National Association of Home Builders estimates some 160,000 homes will be sold because of the $8,000 tax credit, 101,000 to first-time home buyers and 59,000 to trade-up home sellers who sold their home to a first-time buyer and are purchasing a new home in which to live. The HUD press release, which was issued today, is published below in its entirety.

First-time home buyers, pay attention! If you buy a new home in 2009, and close on or before December 1, 2009, you may qualify for an $8,000 tax credit.

The National Association of Home Builders has created a number of resources to help Americans understand current conditions in the housing market…

More Americans can afford to buy a $200,000 home, at least on paper.

The National Association of Home Builders announced today that 55 million families can afford a $200,000 home when you take into account their incomes, home prices and mortgage interest rates. That's up from about 38 million…