A New Concept Home Vision for HUD

According to HUD, a new vision for a sustainable, energy-efficient and hurricane-resistant home has been revealed at the National Association of Home Builder’s International Trade Show. These plans were unveiled in Orlando, FL, with the demonstration project set to be built in Charleston, SC. This vision incorporates the most advanced systems and projects from the top manufacturers in the industry. The goal is to show the industry and consumers alike a first hand display of how innovative design and technology can lead to a sustainable, quality, and efficient home that is also cost-effective.

For more information on this new development, please visit: http://www.hud.gov/news/release.cfm?content=pr08-015.cfm&CFID=4115041&CFTOKEN=52052542

Range of Mortgage Crisis Impact Widens

The falling prices of homes and the tightening lending standards of banks have created a problem that extends beyond subprime mortgages. An article in the New York Times described homeowners with good, or even great, credit histories as falling behind on payments of all types, such as auto loans and credit cards, as well as on their homes. Thus, prime delinquencies can be seen rising up on all fronts, although none are as large as those seen directly in the subprime market. The fact is that all borrowers have been impacted by the collapse in the housing market, the impact of which has spread like a domino effect to lead to greater financial stress for individuals with responsibility for any payment type.

For more information on the effects of the housing market, please visit: http://www.nytimes.com/2008/02/12/business/12credit.html?_r=1&th&emc=th&oref=slogin