MBA Statement on Marcia Fudge as HUD Secretary Nominee

President-Elect Joseph Biden this week nominated Rep. Marcia L. Fudge, D-Ohio, as HUD Secretary. If confirmed, she would be the first woman to lead HUD in more than 40 years and the second Black woman in history to lead the Department.

Housing Starts Continue to Ramp Up

The October housing starts report from HUD and the Census Bureau shows home builders continue to respond to consumers’ seemingly insatiable demand for new housing.

Carson: FHA Will Extend Forbearance Requests Through Year-End

HUD Secretary Ben Carson yesterday announced the Federal Housing Administration will extend the date for single-family homeowners with FHA-insured mortgages to request an initial forbearance from their mortgage servicer for up to six months.

August New Home Sales Continue Summer Surge

New home sales topped the one million mark, seasonally adjusted, in August for the first time since 2006, HUD and the Census Bureau reported yesterday.

Monday Report: Red-Hot Housing Markets and a Time-Capsule Survey

This morning’s Monday Report features stories that confirm the housing markets remain hot, regardless of location or political preference; what that might mean for down payments; and a housing survey that, thanks to the coronavirus pandemic, was obsolete the moment it was released.

After Strong Summer, August Housing Starts Underwhelm

Housing starts—one of the bright spots in a red-hot summer housing market—faltered in August, HUD and the Census Bureau reported yesterday, although most of the decline took place in multifamily.