Housing Starts Rise in Surprise November

Home-building activity rose in a surprise November, with housing starts up 3.3 percent to a rate of 1,297,000, 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 5.3 percent to 930,000. Starts for units in buildings with five units or more […]

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Hurricane season responsible for 10% of delinquent mortgages

While mortgage payment delinquencies are generally down across the country, they were explainably up in states hit by Hurricanes Irma and Harvey, resulting in a slightly raised annual delinquency rate, according to the October 2017 Black Knight Mortgag…

New-Home Sales Surge in October

New-home sales rose in October, with sales of new, single-family homes up 18.7 percent to 685,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $400,200, while the median was $312,800. New-home listing inventory was 312,800—4.9 months supply. “In the strongest year-over-year growth […]

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Facebook’s reportedly still allowing discriminatory housing ads

When it comes to preventing housing discrimination, Facebook appears to be falling far short of its promises. A year ago, Facebook announced it would bar housing ads targeted by race from its social network. In February, the $528 billion company announ…

New-Home Sales Shoot up in September

New-home sales shot up in September, with sales of new, single-family homes up a stratospheric 18.9 percent to 667,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $385,200, while the median was $319,700. New-home listing inventory was 279,000—5.0 months supply. “The September […]

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Home sales up 18.9 percent to 667,000

Good news for the housing market: sales of single-family homes rose by 18.9 percent in September, to 667,000 new houses sold, according to new stats released today from the U.S. Census Bureau and HUD (U.S. Department of Housing and Urban Development) …

Assistance for Housing Lags Market-Rate Rents

Assistance from the government for housing is not keeping up with the market, according to a new analysis by Zillow. Assistance granted as part of the U.S. Department of Housing and Urban Development’s (HUD) Housing Choice Voucher program misses the mark in the majority of metropolitan areas, the analysis shows. HUD determines the value of […]

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Housing Starts Tumble in September

Home-building activity tumbled in September, with housing starts down 4.7 percent to a rate of 1,127,000, 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 4.6 percent to 829,000. Starts for units in buildings with five units or more came in […]

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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…