Effective March 4, the Federal Housing Administration's updated regulation promotes broader participation in FHA programs, benefiting smaller loan originators and credit unions.
An estimated 668,000 new homes were sold in 2023.
Privately-owned housing units authorized by building permits, housing starts, and completions demonstrate robust trends, with notable monthly and annual variations.
The former Federal Housing Commissioner died unexpectedly.
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.