U.S. Department of Housing and Urban Development (HUD)

Changes would increase thresholds, completion deadlines

October 2023 sees a 5.6% decrease in new single-family home sales compared to September, yet records a robust 17.7% compared to October 2022.

U.S. Census Bureau and Housing Department report a 33.9% year-over-year surge; median prices rise to $418,800.

‘Backyard revolution’ opens up the affordable housing market.

HUD's new policy targets affordable housing crisis, amplifying homeownership opportunities in dense urban areas.

Multiple challenges plague builders: soaring costs, labor shortage, and dearth of buildable land, even as permit data offers hope.