Efforts Underway to House Displaced Harvey Victims

The Federal Emergency Management Agency (FEMA) and the U.S. Department of Housing and Urban Development (HUD), as well as other organizations at various levels, have begun efforts to house those displaced by Hurricane Harvey. These initiatives include: Short-Term For those who are eligible for FEMA assistance, FEMA transitional housing assistance provides lodging to displaced survivors who need […]

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Hurricane Harvey victims granted temporary relief from foreclosure

Hurricane Harvey has caused thousands in and around the Houston area to flee from the rising waters engulfing their homes and killed at least 14 people to date. In this time of crisis, Federal mortgage agencies Fannie Mae, Freddie Mac and the Federal H…

New-Home Sales Sink in July

New-home sales sunk in July, with sales of new, single-family homes down 9.4 percent to 571,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $371,200, while the median was $313,700. New-home listing inventory was 276,000—5.8 months supply. Source: U.S. Census Bureau For […]

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July housing starts take turn for the worse

June’s housing starts report was heralded as “welcome news” by National Association of Realtors (NAR) Chief Economist Lawrence Yun, who said increasing residential construction was the key to lowering home prices. This month, however, housing starts ha…

Housing Starts Get Tripped Up in July

Home-building activity unexpectedly tripped up in July, with housing starts down 4.8 percent to a rate of 1,155,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts decreased 0.5 percent to 856,000. Starts for units in buildings with five units or more […]

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‘Worst Case Housing Needs’ Rises to Over 8 Million

More than 8 million renter households were identified as having “worst case housing needs,” or burdened by rent and/or living in unsuitable conditions, in 2015, according to a recent report by the U.S. Department of Housing and Urban Development (HUD)—the second-highest share ever recorded. Those labeled “worst case” are renters with very low incomes and […]

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HUD will fund $38 million to fight housing discrimination

The U.S. Department of Housing and Urban Development (HUD) announced that it would make $38 million available for different initiatives that fight housing discrimination …

New-Home Sales Improve Slightly in June

New-home sales improved in June, with sales of new, single-family homes eking up 0.8 percent to 610,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $379,500, while the median was $310,800. New-home listing inventory was 272,000—5.4 months supply. “Although we saw modest […]

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Housing Starts Rev Up in June

Home-building activity revved up in June, with housing starts up 8.3 percent to a rate of 1,215,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts increased 6.3 percent to 849,000. Starts for units in buildings with five units or more came […]

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Housing starts leap in June but shortage rages on

Skyrocketing home prices have plagued the real estate market for over a year with the only solution being an increase in housing starts and completions to bring prices back down. Residential construction has been on the uptick, but is it enough to make…