Tag Archives: HUD

New home sales beat expectations as prices climb to historic record

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Sales of new single-family homes notched a seasonally adjusted annual rate of 800,000 in September 2021, while the median sales price hit a new record of $408,800. Continue reading →

Multifamily housing starts deliver August surprise; single-family falls

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Privately owned housing starts beat expectations in August while single-family starts declined by nearly 3 percent, according to data issued Tuesday by the US Census Bureau. Continue reading →

HUD homes more likely to be in floodplains: Report

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HUD is not required to disclose flood risk to would-be homebuyers, most of whom didn’t learn that the home they were interested in was located in a flood zone until they were told by their lender that they needed to buy flood insurance. Continue reading →

Individuals to get better shot at buying foreclosed homes

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The Biden administration wants to give owner occupants a better shot at purchasing homes repossessed by HUD, Fannie Mae and Freddie Mac. Continue reading →

HUD scores a C in cyber security test, other agencies fare worse

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Report finds seven federal agencies, including the U.S. Department of Housing and Urban Development, have failed to protect Americans’ personal and financial information. Continue reading →

Lenders who rely on AI, algorithms could face new legal risks

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In a move that could pose challenges for lenders that employ AI and algorithms to evaluate borrowers, federal housing officials are moving moving to rescind policies to protect lenders and other businesses from claims of inadvertent discrimination. Continue reading →

Residential construction rose in May, despite material challenges

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Single-family housing starts rose modestly, but housing completions and building permits dropped from the previous month, according to the U.S. Census Bureau. Continue reading →

DC appeals court reinstates nationwide eviction ban

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The ruling extends protections for tenants until June 30, when the Center for Disease Control and Prevention’s national moratorium is set to expire. Continue reading →

Ben Caron joins board of directors of largest homebuilder in US

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The largest homebuilder in America, D.R. Horton, announced it appointed former HUD Secretary Ben Carson to its board of directors. Continue reading →

HUD takes first step to revive Obama-era AFFH rule

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HUD has filed the notice needed to reinstate Obama-era Affirmatively Furthering Fair Housing enforcement rules, which were repealed in September 2020. Continue reading →