HUD and Census Bureau: Residential Construction Activity Report for October 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for October 2018. Building Permits: Privately owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,263,000. This is 0.6 percent (±2.4 percent)* below the revised…
HUD: FHA 2018 Annual Report to Congress Released
Capital Reserves remain above statutory minimum for fourth straight year The Federal Housing Administration (FHA) today released its 2018 Annual Report to Congress on the economic condition of the agency’s Mutual Mortgage Insurance Fund (MMI Fund). FHA reports that at the end of Fiscal Year (FY) 2018, the MMI Fund had a total Economic Net…
HUD: Disaster Assistance Announced for California Fire Victims
Foreclosure protection offered to displaced families The U.S. Department of Housing and Urban Development (HUD) today announced it will speed federal disaster assistance to the State of California and provide support to homeowners and low-income renters forced from their homes in areas affected by wildfires. Yesterday, President Trump issued a major disaster declaration for Butte,…
HUD: Trump Administration Announces Decline in Veteran Homelessness
Number of homeless vets drops 5.4% since last year and by nearly half since 2010 Veteran homelessness in the U.S. continues to decline according to a new national estimate announced today by U.S. Housing and Urban Development (HUD) Secretary Ben Carson. HUD’s Annual Homeless Assessment Report finds the total number of reported veterans experiencing homelessness…
HUD and Census Bureau: New Residential Sales Report for September 2018
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 September 2018: New Home Sales Sales of new single-family houses in September 2018 were at a seasonally adjusted annual rate of 553,000. This is 5.5 percent (±12.1 percent)* below the revised August…
HUD: FHA Announces Streamlined Claim Payment Requirements in Home Equity Conversion Mortgage Program
Action intended to speed reverse mortgage claim payments The Federal Housing Administration (FHA) today announced revised requirements for Home Equity Conversion Mortgage (HECM) servicers when they assign FHA-insured reverse mortgages to the agency for claim payment. Effective immediately, FHA-approved HECM servicers can use alternative supporting documentation in lieu of previously required materials that, in many…
HUD: Trump Administration Marks National Lead Poisoning Prevention Week
HUD, HHS and EPA reinforce ways to protect children from lead exposure To kick off National Lead Poisoning Prevention Week (NLPPW), leaders of President Donald Trump’s Task Force on Environmental Health Risks and Safety Risks to Children are raising awareness about the health risks associated with exposure to lead, specifically for children. NLPPW, which will…
HUD: Additional $50 Million Allocated to Victims of 2017 Natural Disasters
Housing Authorities in Puerto Rico, Texas, California and Florida receive funding to help with rising rents in areas where housing is scarce WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) is awarding an additional $50 million in voucher funding to 26 public housing agencies (PHAs) in Puerto Rico, Texas, California, and Florida…
HUD and Census Bureau: Report of Residential Construction Activity for September 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for September 2018. Building Permits: Privately owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,241,000. This is 0.6 percent (±1.2 percent)* below the revised…
HUD: “Humans of HUD” Photoblog Launched
Project highlights the trials and triumphs of the people HUD serves The U.S. Department of Housing and Urban Development today announced the launch of ‘Humans of HUD’ – a photoblog dedicated to documenting the journeys of people who are impacted by the Department’s programs and services. The inspiring collection of photos and stories are part…