(RECAP: Bond guru Jeffrey Gundlach told CNBC on Friday that if the Federal Reserve doesn’t raise interest rates in December, “they are never going to raise rates again.” He also said the rise in Treasury yields “is about 80 percent of the way through.” Gundlach said the sharp turn up in rates since summer already has done the heavy lifting for the U.S. central bank. The benchmark 10-year note has seen a 0.77 percentage point rise since July 6, while the two-year yield has jumped .36 percentage points, all while the Fed has kept the overnight rate anchored below 0.5 percent. Traders are putting a 76.3 percent chance of a rate hike at the Dec. 13-14 meeting of the Federal Open Market Committee. But, they don’t see the next go happening until at least September 2017.)

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(RECAP: The Justice Department and HUD released updated guidance today on the application of the federal Honest Housing Act (FHA) to state and local land use and zoning laws. The guidance is designed to help state and local governments better know how to comply with the FHA when making zoning and land use decisions as well as to help members of the public know their rights under the FHA. The Justice Department and HUD share responsibility for enforcing the FHA. HUD is the agency with the primary responsibility to investigate individual complaints of discrimination. The Secretary of HUD, on his own initiative, may file complaints alleging discrimination. In addition, the Attorney General may commence a civil action in federal court when she has reasonable cause to believe that person(s) are engaged in a pattern or practice of discrimination or that a group of persons has been denied rights protected by the FHA.)

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(RECAP: The architect responsible for the master plot for the redevelopment of Friendship Court told the Charlottesville chapter of the Urban Land Institute on Thursday that the time is right to invest in dense, walkable downtowns. David Dixon, an architect with Boston-based Stantec, told ULI at a presentation at CitySpace that people with at least a four-year college education and an income in the top 40 percent nationally are increasingly heading to dense urban environments. Meeting the housing demand for that shift means trillions of dollars will be invested in downtowns across the country by 2030, and the investment will not fully satisfy demand.)

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