HUD: June is National Healthy Homes Month
WASHINGTON – In an effort to help families keep their kids healthy and to reinforce the connection between a family’s health and their home, the U.S. Department of Housing and Urban Development (HUD) is kicking off the second annual National Healthy Homes Month. Throughout the month, the goal is to raise awareness for what makes…
Federal Reserve: Is The Rent Too High? Aggregate Implications of Local Land-Use Regulation
June 2017 Is the Rent Too High? Aggregate Implications of Local Land-Use Regulation (PDF) Devin Bunten Abstract: Highly productive U.S. cities are characterized by high housing prices, low housing stock growth, and restrictive land-use regulations (e.g., San Francisco). While new residents would benefit from housing stock growth in cities with highly productive firms, existing residents…
Census Bureau: 2016 Characteristics of New Housing Update
Today the U.S. Census Bureau released the 2016 Characteristics of New Housing Report, which provides annual statistics on the characteristics of new privately owned residential structures by census region. The report includes characteristics such as the number of bedrooms and bathrooms, the location of the laundry, presence of homeowner’s association, the buyer’s source of financing…
HUD: National Homeownership Month Kicks Off
WASHINGTON – The Trump Administration proclaimed June as National Homeownership Month, a time to reflect upon the impact owning a home has on household wealth, neighborhood stability and the nation’s broader economic health. The theme of National Homeownership Month 2017 is “Find Your Place in a New Era of Homeownership.” Read the President’s Homeownership Month Proclamation….
FHFA: Request for Input to Improve Access to Credit for Qualified Mortgage Borrowers with Limited English Proficiency
Washington, DC – The Federal Housing Finance Agency (FHFA) today issued a Request for Input on issues facing qualified mortgage borrowers with Limited English Proficiency (LEP) throughout the mortgage life cycle process, including lending and servicing. FHFA’s 2017 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions, requires Fannie Mae and Freddie Mac (the…
FHFA: U.S. House Prices Rise 1.4 Percent in First Quarter
Washington, D.C. – U.S. house prices rose 1.4 percent in the first quarter of 2017 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.0 percent from the first quarter of 2016 to the first quarter of 2017. FHFA’s seasonally adjusted monthly index for March was up 0.6 percent…
HUD: Trump Administration Proposes 2018 HUD Budget
WASHINGTON – The Trump Administration today announced the proposed 2018 Budget for the U.S. Department of Housing and Urban Development (HUD). The Budget 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. The President’s 2018 Budget continues to provide…
HUD: New Residential Sales for April 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 April 2017: NEW HOME SALES Sales of new single-family houses in April 2017 were at a seasonally adjusted annual rate of 569,000, according to estimates released jointly today by…
FHFA: Refinance Volume Continued to Slow in First Quarter
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today reported that just over 510,000 refinances were completed in the first quarter of 2017, compared to more than 750,767 in the fourth quarter of 2016. FHFA’s first quarter Refinance Report also shows that 3 percent or 13,425 of the mortgages refinanced from January through March were…
HUD: Rental Assistance Demonstration Generates $4 Billion in Public-Private Investment in Distressed Public Housing
WASHINGTON – Each year, thousands of units of public housing are demolished and thousands more sit vacant because they are no longer decent, safe or sanitary. Today, the U.S. Department of Housing and Urban Development (HUD) announced that its Rental Assistance Demonstration officially surpassed $4 billion in capital investment in order to make critical repairs and improvements…