Tag Archives: Department of Housing and Urban Development

Housing Secretary Marcia Fudge stepping down March 22

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The surprise announcement comes as the Biden administration rolls out a $7.3 trillion budget proposal that would provide $258 billion to expand access to affordable housing. Continue reading →

New-home sales show promise with 1.8% annual growth

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New-home sales improved across the board in January, according to the U.S. Census Bureau and the Department of Housing and Urban Development on Monday. New-home sales, which include when a homebuyer makes a deposit or signs a sales agreement, increased… Continue reading →

Biden administration backs plan to convert more offices to homes

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Initiative provides new financing and technical assistance to developers and local government, and highlights grants and tax incentives that can make conversion projects more attractive. Continue reading →

New-home sales soar in September — but analysts see sales slowdown

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New-home sales skyrocketed in September, soaring to a 20-month high, according to data issued Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development. Continue reading →

New construction scores a modest win as housing starts jump 12%

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Monthly housing starts rose 12.2 percent in August to a seasonally adjusted rate of 1,575,000, according to U.S. Census Bureau data released Tuesday. August 2022 levels fell 0.1 percent year over year. Continue reading →

Modern-day redlining is killing Black neighborhoods: HUD Secretary

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Lending practices are killing Black neighborhoods across the country by making it so that only investors can afford to buy in them, HUD Secretary Marcia Fudge said. Continue reading →

Homebuyer education, counseling no panacea for mortgage default

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Women and adults under 30 did see improvements to their credit scores in pioneering a randomized study of 5,854 prospective first-time homebuyers. Continue reading →

Why super long mortgages won’t be a thing, and why that’s good news

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Longer loans, including a 50-year concept recently floated in the U.K., are sometimes framed as a way to improve housing affordability. But the experts aren’t convinced. Continue reading →

HUD aims to reduce friction for ex-convicts in need of housing

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The federal housing agency has given staff six months to consider changes to policies that create barriers to people with criminal histories. Continue reading →