(RECAP: The tale of millennials in the last five years has mostly been about being mired in student debt and the inability to go out of their parents’ houses and start a family. But as this age group reaches early to mid-thirties, that’s starting to change. Previous studies have shown just over a third of adults aged 21 to 45 receive financial support from their parents, and that adults aged 18 to 34 are more likely to still live with their parents than with a spouse or partner in their own household. Now, a 2015 Ameritrade report suggests 19% of millennials are really financially supporting their parents to the tune of $18,250 a year. This could be an indication that multi-generational houses will only continue to rise.)

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(RECAP: NAHB analysis of the Census Bureau Survey of Construction (SOC) data shows that non-conventional forms of financing new single-family home buys remained elevated in 2015, accounting for more than a third of the market. For homes started in 2015, the share of mortgages insured by the FHA bumped up, especially in the Pacific and South Atlantic divisions where FHA loans accounted for 19% and 18%, respectively. This was largely due to a reduction in FHA mortgage insurance premiums implemented at the start of 2015. As a result, FHA-backed loans regained their status as the most prevalent form of non-conventional financing of new home buys – the status they temporarily lost to cash buys a year earlier following the implemented decline in the 2014 FHA loan limits.)

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(RECAP: The Charlottesville Plotting Commission has recommended that the Cherry Avenue corridor be selected for a small-area plot to help its neighborhoods cope with looming development. “I agree with Cherry Avenue being the higher priority … not only because of the pressures, but combined with the derelict buildings and open lots that are there just waiting for redevelopment,” Commissioner Jody Lahendro said at a recent meeting. Other areas considered by the panel for the next small-area plot were Woolen Mills and the intersection of U.S. 29 and Hydraulic Road. The city’s 2013 Comprehensive Plot has a goal to “enhance the sense of place throughout Charlottesville” in part by making these small-area plans.)

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