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

Grant funding from HUD’s Self-Help Homeownership Opportunity Program (SHOP) enables eligible organizations to acquire land, enhance infrastructure, and build housing

Fannie, Freddie, and HUD revive key announcements, rolling out expanded appraisal waivers and transparency initiatives

High rates persist; could deter buyers

More groundbreaking is needed to bridge the gap between supply and demand

New-home sales from January through July rose 2.6% compared to the first seven months of 2023

Matching a summer decline in sentiment, builders continue to grapple with high construction and development costs