Tuesday, October 09, 2012

Morning Real Estate Fix


FHA mortgage insurance premiums may double (Dan Green Mortgage Reports)  In accordance with a bill having passed the U.S. House and headed for the Senate that would help keep it self-funded, the FHA may soon be raising rates from 1.2% to more than 2%.

Construction workers losing jobs across the country (Architect magazine)  Construction jobs numbers have been weak for months, contradicting - or mirroring - the most recent unemployment figures.

Battle lines drawn over zoning update (CityPaper) While the DC Council debates updates to the 1958 rules, the public is given a chance to weigh in on the process and on development, and some are making the most of the opportunity.

$100m hotel and mixed-use project coming to Rockville (Gazette)  The development by Duball will incorporate 140 hotel rooms and 485 apartments.  Construction is set to begin this year.

Cassidy Turley names DC exec new CEO (BizJournal)  Joseph Stettinius named CEO, which technically means the company is now headquartered in DC.

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