HUD

As lawmakers discuss reform legislation, the president’s memo calls on agencies to draft both administrative and legislative reform options and deliver their reports “as soon as practicable.”

New-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates.

Sales of new homes in January fell to the weakest pace since October, driven by a decline in the Midwest as still-elevated prices keep buyers on the sidelines.

The Federal Housing Administration is moving forward with a long-delayed plan to reduce the term of the home warranty required for high loan-to-value mortgages on new houses.

New-home construction rebounded by more than expected in January amid strength in single-family starts and a nine-month high for permits, signaling the market is stabilizing thanks to lower mortgage rates.

Sales of new homes unexpectedly rose in December after a downwardly revised November reading, as lower mortgage rates and more-affordable properties offered some relief for buyers.

The secretary of housing and urban development plans to "finish out this term" but wants to return to "the private sector because I think you have just as much influence, maybe more."

New-home construction in December fell to the lowest since September 2016, as builders held back during a turbulent month for financial markets.

The agency's pilot program, designed to streamline mortgage insurance applications associated with the Low-Income Housing Tax Credit program, will now include applications for new construction and substantial rehabilitation.

If you live in a three-bedroom apartment that rents for $1,400 per month or less in the Minneapolis-St. Paul area, consider yourself lucky. That's affordable housing, whether it's subsidized or not, and it's running out.