The Week Ahead Checking In on Affordable Housing Markets

first_img Affordability Five Star Institute HOUSING Housing Opportunity Index market Motown Throwdown National Association of Home Builders 2018-02-04 Radhika Ojha The National Association of Home Builders (NAHB) will release its quarterly NAHB Housing Opportunity Index (HOI) for the fourth quarter of 2017 on Thursday, February 8 at 10 a.m. EST. The HOI gauges the affordability of home markets by covering the share of records in a metropolitan area for which the monthly income available for housing is at or above the monthly cost for that unit. The HOI is defined as the share of homes sold in that area that would have been affordable to a family earning the local median income, based on standard mortgage underwriting criteria. The HOI for the third quarter of 2017 indicated that the Los Angeles region was the least affordable market during the quarter, while the Youngstown-Warren-Boardman, region in Ohio was the most affordable. Nationally, the data showed that 58.3 percent of new and existing homes sold between the beginning of July and end of September were affordable to families earning the U.S. median income of $68,000. This was down from the 59.4 percent of homes sold that were affordable to median-income earners in the second quarter. Here’s what else is scheduled for The Week Ahead:The Five Star Institute’s Motown Throwdown, Tuesday, 6:30 p.m.CST, at the Palace Arts Center in Grapevine, TexasMBA Mortgage Applications Survey, Wednesday, 7 a.m. ESTConsumer Credit Report, Wednesday, 3 p.m. ESTJobless Claims, Thursday, 8:30 a.m. ESTFreddie Mac Primary Mortgage Market Survey, Thursday 9 a.m. ESTFed Balance Sheet, Thursday, 4:30 p.m. EST in Daily Dose, Featured, News Sharecenter_img The Week Ahead: Checking In on Affordable Housing Markets February 4, 2018 534 Views last_img read more

Go back to the enewsletter Silversea Cruises has b

first_imgGo back to the enewsletterSilversea Cruises has bolstered its expedition team ranks, appointing Bill Davis to the position of Vice President Expedition Operations and Development, effective 1 June, 2019.Bringing vast knowledge and experience garnered over many years in the expedition industry, Davis will oversee Silversea’s expanding expedition destination operations, assisting with the development of new programs, and managing the cruise line’s Expedition Field Staff from his Miami base.Davis will also oversee the Silversea Expedition Academy, which recruits and trains top industry talent to enable guests to travel deeper into destinations from pole to pole.In addition to working extensively in the field, in which he has led and participated in more than 200 expeditions on more than 40 vessels since 1993, Bill has gained an MPhil in Polar Studies from the Scott Polar Research Institute at Cambridge University. As well as both Polar Regions, Bill has journeyed to the world’s remotest locations in the South Pacific, South Atlantic, North Atlantic, Russian Far East, Newfoundland & Labrador, Alaska, and around the coasts of the UK and Norway, among others.“I am delighted to have joined the team at Silversea Cruises at this exciting time,” Davis said.“With destination expertise that is unparalleled in the industry, the cruise line’s Expedition Team is enabling guests to really explore the authentic beauty of the world in depth, sharing local knowledge and expertise accrued over many years. I am excited to further enhance Silversea’s offering for guests, with more immersive experiences in spectacular destinations,” Davis remarked.Go back to the enewsletterlast_img read more