Census Bureau: The Cost of Homeownership Continues to Rise
The median monthly owner costs for U.S. homeowners with a mortgage increased to $2,035 in 2024 from $1,960 (inflation-adjusted) in 2023, according to new American Community Survey (ACS) 1-year estimates released today by the U.S. Census Bureau. “One way we measure housing affordability is based on how much households spend on selected costs such as mortgage payments, insurance, taxes,…
HUD and Census Bureau: New Residential Sales Report Issued for July 2025
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for July 2025: New Home SalesSales of new single-family houses in July 2025 were at a seasonally-adjusted annual rate of 652,000, according to estimates released jointly today by the U.S. Census Bureau and the…
HUD: Exhibitors Unveiled for the 2025 Innovation Housing Showcase on the National Mall
Showcase Returns on September 6th-10th to Celebrate 250 Years of the American Home The U.S. Department of Housing and Urban Development (HUD) announced more than 25 exhibitors that will showcase innovative housing and construction technologies on the National Mall during HUD’s annual Innovative Housing Showcase, taking place September 6th-10th. “HUD is proud to champion public-private partnerships…
FHFA: U.S. House Prices Rise 2.9 Percent Year Over Year; Unchanged Quarter Over Quarter
U.S. house prices rose 2.9 percent between the second quarter of 2024 and the second quarter of 2025, according to the U.S. Federal Housing (FHFA) House Price Index (FHFA HPI®). House prices for the second quarter of 2025 remained unchanged compared to the first quarter of 2025. FHFA’s seasonally adjusted monthly index for June was down 0.2 percent from…
FHFA: U.S. Federal Housing Allows Fannie Mae and Freddie Mac to Approve Rocket Acquisition of Mr. Cooper
Approval Must Adhere to Safety and Soundness Guardrails Today U.S. Federal Housing, in keeping with its statutory responsibilities as conservator of Fannie Mae and Freddie Mac (the Enterprises), allowed both Enterprises to approve Rocket Companies’ proposed acquisition of Mr. Cooper Group, subject to appropriate conditions to ensure the ongoing safety and soundness of Fannie Mae…
HUD: Sponsors for the 2025 Innovation Housing Showcase Announced
The Historic Showcase Returns to the National Mall September 6th – 10th Highlighting 250 Years of Innovation in American Housing Today the U.S. Department of Housing and Urban Development (HUD) announced the presenting sponsors for the 2025 Innovative Housing Showcase: The International Code Council (ICC), The Manufactured Housing Institute (MHI), The Structural Building Components Association (SBCA), and The Home Depot….
HUD: Regional Administrator Quinonez Issues Opinion Piece on HUD’s Support for Foster Youth in Texas
HUD Celebrates the Sixth Anniversary of the Foster Youth to Independence Initiative U.S. Department of Housing and Urban Development (HUD) Southwest Regional Administrator Ashlea Quinonez penned an opinion piece discussing the continued impact of HUD’s investment in youth transitioning out of foster care in Texas. This year marks the sixth anniversary of HUD’s Foster Youth…
FHFA: Allowable LIHTC Amount Doubled for Fannie Mae and Freddie Mac to Support Affordable Housing
Consistent with the One Big Beautiful Bill, U.S. Federal Housing Expands America’s Affordable Housing Supply in Rural and Underserved Communities Consistent with President Trump’s historic One Big Beautiful Bill, U.S. Federal Housing is expanding America’s affordable housing supply by doubling the amount that Fannie Mae and Freddie Mac can invest in safe and sound Low…
FHFA: House Price Index Down 0.2 Percent in May 2025; Up 2.8 Percent from Last Year
U.S. house prices fell 0.2 percent in May, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 2.8 percent from May 2024 to May 2025. The previously reported 0.4 percent price decline in April was revised to a 0.3 percent decline. For the nine census divisions, seasonally adjusted monthly home…
HUD: Secretary Turner Applauds President Trump’s Executive Order on Homelessness
U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner applauded President Trump’s Executive Order (EO), “Ending Crime and Disorder on America’s Streets.” The EO restores accountability to homelessness programs by ensuring Americans suffering from severe mental illness or addiction get treatment to support recovery and self-sufficiency. By taking action to redirect federal resources…