Housing

FHFA: House Price Index Up 0.7 Percent in February; Up 5.7 Percent from 2019

U.S. house prices rose in February, up 0.7 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).  House prices rose 5.7 percent from February 2019 to February 2020.  The previously reported 0.3 percent increase for January 2020 was revised upward to 0.5 percent.  For the nine census divisions, seasonally adjusted monthly…

HUD: Housing Authorities and Tribes Given Additional Flexibility to Focus on Tenants During Pandemic

Waiver authority gives localities and Tribes control in dealing with COVID-19 in Communities The U.S. Department of Housing and Urban Development (HUD) today is granting Public Housing Authorities (PHA), Indian Tribes, and Tribally Designated Housing Entities (TDHEs) waiver authorities and ultimate flexibilities so agency staff can focus on assisting their tenants and properties during the…

HUD: $200 Million in COVID-19 Relief Funding Available to Help Native American Communities Across the Nation

Recovery funding will help American Indian Communities respond to COVID-19 U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced $200 million in Indian Housing Block Grants (IHBG) to American Indian Tribes and Tribally Designated Housing Entities (TDHEs) across the country to respond to COVID-19. This funding will be used to help…

HUD: VA and HUD Announce Support to Help Homeless Veterans in Minnesota Find Permanent Homes

Nearly $35,000 in HUD-VASH vouchers will provide housing and supportive services for St. Paul veterans  In a continuing effort to end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced nearly $35,000 to the Public Housing Agency of the City of St. Paul…

FHFA: House Price Index Up 0.3 Percent in January; Up 5.2 Percent from Last Year

U.S. house prices rose in January, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.2 percent from January 2019 to January 2020. The previously reported 0.6 percent increase for December 2019 was revised upward to 0.7 percent. For the nine census divisions, seasonally adjusted monthly house…

HUD and Census Bureau: New Residential Sales Report for February 2020

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for February 2020: New Home Sales Sales of new single-family houses in February 2020 were at a seasonally adjusted annual rate of 765,000. This is 4.4 percent (±14.8 percent)* below the revised January…

FHFA: Agency Moves to Provide Eviction Suspension Relief for Renters in Multifamily Properties

Today, to keep renters in multifamily properties in their home and to support multifamily property owners during the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) is announcing that Fannie Mae and Freddie Mac (the Enterprises) will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for renters unable…

HUD: Immediate Relief Provided for Homeowners Amid Nationwide Coronavirus Response

Suspends all foreclosure and evictions for the next 60 days U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, in consultation with the Trump Administration and the Coronavirus Task Force, today authorized the Federal Housing Administration (FHA) to implement an immediate foreclosure and eviction moratorium for single family homeowners with FHA-insured mortgages for the next…

CFPB: Director Kraninger Statement on Joint HUD-FHFA Announcement on Foreclosure and Eviction Moratorium

Consumer Financial Protection Bureau Director Kathleen L. Kraninger made the following statement today after the U.S. Department of Housing and Urban Development and the Federal Housing Finance Agency announced a moratorium on foreclosures and evictions: “The actions taken today by HUD and FHFA are timely and an important step in providing assurance to consumers. I…

Federal Banking Agencies Provide Banks Additional Flexibility to Support Households and Businesses

The federal bank regulatory agencies today announced two actions to support the U.S. economy and allow banks to continue lending to households and businesses. They are: A statement encouraging banks to use their resources to support households and businesses; and A technical change to phase in, as intended, the automatic distribution restrictions gradually if a…