New home sales sank again in November despite cooling mortgage rates, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development. Sales fell by 12.2% from October to a seasonally adjusted annual rate of 590,000, well below the rate of 685,000 units predicted by economists. This is the sharpest…
New home sales sank in October as mortgage rates priced potential buyers out of the market, according to newly released data from the U.S. Census Bureau and the Department of Housing and Urban Development. Sales fell by 5.6% from September to a seasonally adjusted annual rate of 679,000, below the rate of 730,000 units predicted…
By KIMBERLEY HAAS The Biden-Harris Administration has released a set of actions to better social determinants of health and officials at the US Department of Housing and Urban Development say it shows the importance of housing as a key driver of health outcomes. The U.S. Playbook to Address Social Determinants of Health says social determinants of…
By KIMBERLEY HAAS A new policy that allows lenders to count income from accessory dwelling units when underwriting a mortgage will help provide affordable homes for those who need them most, according to a top housing official. Julia Gordon, who serves as the assistant secretary for housing and federal housing commissioner at the U.S. Department…
By KIMBERLEY HAAS Officials at the U.S. Department of Housing and Urban Development have awarded funding from a program established by the Inflation Reduction Act to owners of assisted multifamily housing properties and the money is going to climate-related investments. The act, signed into law by President Joe Biden on Aug. 16, 2022, has done…
By KIMBERLEY HAAS Federal housing officials have pledged to support people affected by the wildfires on the Hawaiian island of Maui as the state’s governor warns developers to stay away. Officials from Ginnie Mae, the Federal Housing Administration, the Federal Housing Finance Agency, the United States Department of Agriculture, and the United States Department of…
Maui already had a housing crisis before wildfires ravaged the island, destroying up to 3,000 homes. Hawaiian governor Josh Green declared a state of emergency over the lack of housing stock in July 2023 in response to worsening affordability. The pandemic housing boom resulted in a flood of wealthy buyers to the islands, pushing home…
The U.S. Department of Housing and Urban Development is devoting more than $21 million to support affordable housing for low-income Native Hawaiian families. The funding will be distributed as a Native Hawaiian Housing Block Grant to the Department of Hawaiian Home Lands and may be used for everything from constructing new homes to buying existing…
The Department of Housing and Urban Development is taking aim at transparency in rental housing fees in a bid to make life more affordable for the average American. HUD Secretary Marcia Fudge announced commitments by some of the biggest rental search platforms to address unexpected and junk fees. Zillow, Apartments.com, and AffordableHousing.com all said they…
By KIMBERLEY HAAS A Virginia man who worked as an assistant inspector general for the U.S. Department of Housing and Urban Development has been sentenced to one year and one day in prison after being convicted of engaging in a scheme to steer government contracts to a personal friend. Eghbal “Eddie” Saffarinia, 63, of Front…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!