HUD announced an overhaul of the agency’s disaster recovery efforts to better serve communities that face the direct impacts of weather-related disasters.
Tag: HUD
February Housing Starts Up Nearly 10%
February housing starts, permits and completions posted near double-digit percentage increases, ending five months of declines, HUD and the Census Bureau reported Thursday.
HUD Proposes $73.3 billion Fiscal 2024 Budget
HUD on Monday submitted a $73.3 billion fiscal 2024 budget, an increase of $1.1 billion from the current fiscal 2023 enacted funding level, including $104 billion for new mandatory affordable housing investments.
Industry Briefs Mar. 3, 2023: Fitch Ratings Says FHA Premium Cuts ‘Credit Neutral’ for Private Mortgage Insurers
Fitch Ratings, New York, said recently announced reductions in the Federal Housing Authority mortgage insurance premium rates are not expected to have a meaningful credit impact on private U.S. mortgage insurance carriers.
New Home Sales Start New Year on Strong Note
January new home sales offered good news for an industry starved of good news as of late.
Housing Starts Down 5th Straight Month
Housing starts fell in January, HUD and the Census Bureau reported Thursday, marking the fifth straight monthly drop, the longest streak of declines since 2009.
Industry Briefs Feb. 13, 2023: Guild Mortgage Acquires Legacy Mortgage
Guild Mortgage, San Diego, increased its Southwest presence with acquisition of Legacy Mortgage, an independent New Mexico-based lender.
HUD Proposes New Affirmatively Furthering Fair Housing Rule
HUD published a Notice of Proposed Rulemaking in the Federal Register to implement the Fair Housing Act’s affirmatively furthering fair housing mandate, which directs the government to promote fair housing choice, eliminate disparities in housing and foster inclusive communities. It replaces a previous policy discontinued by the Trump Administration.
Housing Starts Finish 2022 at 6-Month Low
Housing starts ended 2022 down for the second straight month to their lowest level since last July, HUD and the Census Bureau reported Thursday.
November New Home Sales Up 5.8%
New home sales beat expectations in November, HUD and the Census Bureau reported over the holiday season, rising by nearly 6 percent from October.