FHFA: House Price Index Up 0.6 Percent in January; Up 5.6 Percent from Last Year
U.S. house prices rose in January, up 0.6 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.3 percent increase for December 2018 remained unchanged. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or…
OCC: Office of the Comptroller of the Currency Fines Citibank, N.A. $25 Million for Violating the Fair Housing Act
The Office of the Comptroller of the Currency (OCC) today assessed a $25 million civil money penalty against Citibank, N.A., for violations of the Fair Housing Act. The OCC found that the bank had certain control weaknesses related to its Relationship Loan Pricing (RLP) program designed to provide eligible mortgage loan customers either a credit…
HUD: Plan Approved to Support Southern Georgia Counties in their Recovery from 2017 Disasters
$38 million in federal recovery funds to rebuild damaged homes, businesses and infrastructure The U.S. Department of Housing and Urban Development (HUD) today announced its approval of the State of Georgia’s disaster action plan, which will invest $38 million to support the state in its recovery from the effects of deadly tornados in January of…
HUD: Plan Approved to Support Missouri in its Recovery from 2017 Storms and Flooding
$58.5 million in federal recovery funds to rebuild damaged homes, businesses and infrastructure The U.S. Department of Housing and Urban Development (HUD) today announced its approval of the State of Missouri’s disaster action plan, which will invest $58.5 million to support the state in its recovery from the effects of severe storms, tornadoes, high winds…
HUD: Plan Approved to Support California in its Recovery from 2017 Wildfires and Mudslides
$124 million in federal recovery funds to rebuild damaged homes, businesses and infrastructure The U.S. Department of Housing and Urban Development (HUD) today announced its approval of the State of California’s disaster action plan, which will invest $124 million to support the state in its recovery from the effects of deadly wildfires and mudslides that…
HUD and Census Bureau: New Residential Sales Report for January 2019
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 January 2019: New Home Sales Sales of new single-family houses in January 2019 were at a seasonally adjusted annual rate of 607,000. This is 6.9 percent (±16.3 percent)* below the revised December…
HUD: Trump Administration Proposes 2020 HUD Budget
Spending plan preserves rental subsidies; increases homeless assistance and healthy housing The Trump Administration today announced its proposed Fiscal Year 2020 Budget for the U.S. Department of Housing and Urban Development (HUD), a $44.1 billion spending plan that expands resources to prevent/end homelessness; invests record funding to reduce lead and other home health and safety…
HUD and Census Bureau: Residential Construction Activity Report for January 2019
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 January 2019. Building Permits Privately owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,345,000. This is 1.4 percent (±0.8 percent) above the revised…
HUD: Disaster Assistance Available for Victims of Alabama Tornado
Foreclosure protection offered to displaced families in Lee County Following the Trump Administration’s major disaster declaration in the wake of this week’s deadly tornado in Alabama, the U.S. Department of Housing and Urban Development (HUD) will provide mortgage relief and other support to homeowners and low-income renters forced from their homes in Lee County, Alabama….
FHFA: U.S. House Prices Rise 1.1 Percent in Fourth Quarter 2018
U.S. house prices rose 1.1 percent in the fourth quarter of 2018 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.7 percent from the fourth quarter of 2017 to the fourth quarter of 2018. FHFA’s seasonally adjusted monthly index for December was up 0.3 percent from November. The…