FHFA: Index Shows Mortgage Rates Decreased in March
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages decreased from February to March, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.12 percent for loans closed in late March, down 15 basis points from 4.27…
HUD: New Residential Sales in March 2017 Report
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today jointly announced the following new residential sales statistics for March 2017: NEW HOME SALES Sales of new single-family houses in March 2017 were at a seasonally adjusted annual rate of 621,000, according to estimates released jointly today by…
FHFA: House Price Index Up 0.8 Percent in February
Washington, D.C. – U.S. house prices rose in February, up 0.8 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported lack of change in January was revised upward to a 0.2 percent increase. The FHFA monthly HPI is calculated using home sales…
HUD: Rutgers University Wins HUD 2017 Innovation in Affordable Housing Student Design & Planning Competition
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced a graduate student team from Rutgers University as the winners of HUD’s fourth annual Innovation in Affordable Housing Student Design and Planning Competition. The Rutgers team was one of four finalists to introduce a comprehensive plan for redeveloping a property owned by the Cuyahoga…
HUD: New Residential Construction Activity for March Announced
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau jointly announced the following new residential construction statistics for March 2017: BUILDING PERMITS Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,260,000. This is 3.6 percent (±2.8 percent) above the revised…
HUD: National Fair Housing Month
WASHINGTON – This year marks the 49th anniversary of the Fair Housing Act, landmark legislation that became law on April 11, 1968. Today, the U.S. Department of Housing and Urban Development (HUD) kicked off Fair Housing Month 2017 at its national headquarters. This year’s theme is Fair Housing Equals Opportunity, highlighting equality in housing as…
HUD: New Residential Sales in February 2017 Reported
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today jointly announced the following new residential sales statistics for February 2017: NEW HOME SALES Sales of new single-family houses in February 2017 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by…
HUD: New Residential Construction Activity for February Announced
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau jointly announced the following new residential construction statistics for February 2017: BUILDING PERMITS Privately owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,213,000. This is 6.2 percent (±1.8 percent) below the…
HUD: 2018 Budget Proposed
Today, the Administration proposed a Fiscal Year 2018 spending blueprint for discretionary programs in several agencies across the Federal Government, including the U.S. Department of Housing and Urban Development. The blueprint reflects the President’s commitment to support HUD’s critical functions that provide rental assistance to low-income and vulnerable households and to help work-eligible families achieve self-sufficiency….
HUD: New Residential Sales in January 2017 Announced
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today jointly announced the following new residential sales statistics for January 2017: NEW HOME SALES Sales of new single-family houses in January 2017 were at a seasonally adjusted annual rate of 555,000. This is 3.7 percent (±18.5 percent)* above…