FHFA: House Price Index Up 1.1 Percent in October; Up 17.4 Percent from Last Year
House prices rose nationwide in October, up 1.1 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 17.4 percent from October 2020 to October 2021. The previously reported 0.9 percent price change for September 2021 remained unchanged. For the nine census divisions, seasonally adjusted monthly house price…
HUD and Census Bureau: New Residential Sales in November 2021 Report Issued
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 November 2021: New Home Sales Sales of new single‐family houses in November 2021 were at a seasonally adjusted annual rate of 744,000, according to estimates released jointly today by the U.S. Census…
HUD: Disaster Assistance Announced for the Confederated Tribes of Colville Reservation Wildfires Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the Confederated Tribes of the Colville Reservation affected by wildfires from July 12 to August 8, 2021. On December 22, President Biden issued a major disaster declaration for the Confederated Tribes of the Colville Reservation. Federal funding,…
HUD: Waivers Announced to Help Kentucky Communities Recover from Severe Weather
The U.S. Department of Housing and Urban Development (HUD) today announced a package of regulatory and administrative waivers aimed at helping communities in Kentucky accelerate their recovery from tornadoes and severe storms that occurred on December 12, 2021. “HUD continues to enable swift response to these storms” said Deputy Assistant Secretary for Grant Programs Kevin Bush….
HUD: 2021 HUD Year in Review Fact Sheet Released
The U.S. Department of Housing and Urban Development (HUD) this year took bold action in pursuit of the agency’s mission to create strong, sustainable, inclusive communities and quality affordable homes. These actions aligned with key Biden-Harris Administration priorities including ensuring equity, removing barriers to homeownership, expanding the nation’s housing supply, and keeping Americans housed. Below…
HUD: Disaster Assistance Announced for Alabama Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of Alabama affected by severe storms and flooding from October 6 to October 7, 2021. On December 21, President Biden issued a major disaster declaration for the counties of Jefferson and Shelby. Federal funding, provided…
FHFA: 2022-2024 Single-Family and 2022 Multifamily Housing Goals for Fannie Mae and Freddie Mac Finalized
Today, the Federal Housing Finance Agency (FHFA) issued a final rule for Fannie Mae and Freddie Mac (the Enterprises) that establishes the benchmark levels for each of the single-family housing goals and subgoals for 2022 through 2024 and establishes the benchmark levels for the multifamily housing goals for 2022. The housing goals ensure that the Enterprises, through…
HUD: $9 Million Loan Guarantee to Cleveland Announced for Development of Nearly 200 Housing Units and Grocery Store
The U.S. Department of Housing and Urban Development today announced a $9 million loan guarantee to the City of Cleveland, Ohio for the development of a mixed-used site that includes nearly 200 housing units and a 40,000 square foot grocery store. “This is a tremendous opportunity for Cleveland to expand access to affordable housing while…
FHFA: Third Quarter 2021 Foreclosure Prevention and Refinance Report Released
More than 6.2 million homeowners helped since conservatorship The Federal Housing Finance Agency (FHFA) today released its third quarter 2021 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 180,566 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,210,485…
HUD: Over $18 Million Awarded to 33 States to Provide Housing Assistance for Veterans
Vouchers will provide housing for veterans experiencing homelessness The U.S. Department of Housing and Urban Development (HUD) on Monday awarded over $18 million in HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers to 103 Public Housing Agencies (PHAs) in 33 states across the country to support veterans experiencing homelessness. This round of allocations, announced during a press…