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  • California introduces $11.25 billion investment in housing

    California introduces $11.25 billion investment in housing

    The California Governor, State Assembly, and Senate introduced the  Veterans and Affordable Housing Bond Act of 2026, a  $11.25 billion investment to support veterans’ homeownership, housing development and affordability. The bill will be placed on the November 2026 ballot for voters to decide whether to adopt it.

    This statewide piece of legislation comes after a major federal investment in housing development, the 21st Century Road to Housing Act, passed by the House and Senate.

    In California, the bond is expected to invest in veterans and first-time homebuyers by providing down payment assistance and affordable mortgage financing. Specifically, $1.25 billion is allocated to the self-supporting revenue bonds for the CalVet Home Loan Program.

    “California has been building toward this moment. We’ve cut red tape, fast-tracked construction, protected renters,” said Speaker of the Assembly Robert Rivas. “And now, we’re going bigger: $11.25 billion for affordable housing to expand homeownership for veterans and working families, drive down costs and prove that the door to opportunity is open to everyone. This is California delivering.”

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  • First America Homes launches new Austin division, continuing texas expansion

    First America Homes launches new Austin division, continuing texas expansion

    First America Homes, one of Texas’s fastest-growing homebuilders, announced its expansion across Texas with a new Austin division. The builder is the homebuilding division of Texas real estate developer The Signorelli Company and currently operates in 12 active communities in the San Antonio area.

    This move follows First America Homes’ recent expansion into the Dallas–Fort Worth market, with homesites expected to open in July 2026.

    “Central Texas continues to benefit from strong market fundamentals and sustained population growth,” said Danny Signorelli, founder and CEO of The Signorelli Company. “That momentum creates tremendous opportunities for expansion as we bring more quality homes and exceptional living experiences to families across the region. With the financial strength, development expertise and long-term vision to execute, we’re investing strategically in new communities and creating lasting value for homeowners while strengthening our footprint across Texas.”

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  • AD – Spot10 – Skyscraper

    AD – Spot10 – Skyscraper

  • Fed holds rates steady in Warsh’s first decision as chairman

    Fed holds rates steady in Warsh’s first decision as chairman

    Kevin Warsh’s first decision as chairman of the Federal Reserve kept interest rates steady. The Fed’s rate holding pattern is consistent throughout 2026; the last rate cut was in December 2025.

    Warsh and the board affirmed that despite geopolitical uncertainty and a rise in inflation, the U.S. economy holds strong, with the unemployment rate largely unchanged and consumer spending up 0.09% in May.

    For housing and construction, employment is up year over year and a major housing bill is set to move towards signing.

    “Despite ongoing pressure on the Fed to ease ahead of the midterms, inflation remains the primary driver of policy decisions,” said Dr. Selma Hepp, Chief Economist for Cotality and regular contributor to Builder & Developer. “While we expect administrative focus to zero in on housing affordability again—likely through increased incentives as sales continue to disappoint—elevated costs and borrowing rates will persist. Importantly, regardless of Fed action, mortgage rates are unlikely to fall meaningfully until inflation cools and long-term yields move decisively lower.”

    “Overall, the June meeting pivoted the Fed to a notably more hawkish bias, reflecting an increase in current inflationary challenges,” said the National Association of Home Builders Chief Economist Robert Dietz. “Without relief from underlying causes of inflation, Fed policy action will not aid the housing and building market in the near term. However, there are dovish or disinflationary possibilities in the outlook, from resolution of geopolitical headline risks or benefits from productivity growth.”

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