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Tag Archives: HUD

Unexpected Downturn

Homebuilding has fallen off and no one expected it to happen. Find out what's behind some shaky home construction numbers.

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Reexamining Flaws

A House committee has passed legislation that could impact HUD—and rural communities—in a big way. Read on to learn more.

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The Week Ahead: Housing Starts

This week, the U.S. Census Bureau in conjunction with the U.S. Department of Housing and Urban Development will release its monthly report on new residential construction for the month of June. See if this is beginning of an emerging trend, and what else you can expect in the week ahead.

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HUD: New Home Sales Above Estimates

The HUD and the Census Bureau released their May New Home Sales Report, above prior estimates. Read ahead to see current projected inventory supply, as well as the median and average home prices…

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Carson Sets Sights on Millennial Homebuyers

Without swift intervention, millennials could become “a lost generation of homeownership,” according to Dr. Ben Carson, Secretary of the U.S. Department of Housing and Urban Development. In his opening remarks at the National Housing Symposium in Washington, D.C. on Friday, Carson called homeownership a “lost dream” for many millennials—even ones who are credit-worthy. Current and upcoming efforts by the FHA and Fannie Mae will likely open more doors for millennial buyers, Carson said.

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Housing Budget Appears in Front of House Appropriations Subcommittee

Department of Housing and Urban Development Secretary Ben Carson was met with strong words Thursday morning when he appeared with the U.S. House of Representatives Subcommittee on Appropriations to defend the proposed budget for the fiscal year. He remained poised, articulate, and open as the subcommittee members took turns voicing their specific concerns. Secretary Carson went on to say that the playbook had to be changed, as there was only so much money to go around.

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Secretary Carson Kicks Off Homeownership Month with Forum

Dr. Ben Carson, Secretary of the Department of Housing and Urban Development, is gearing up for a big June. On the heels of a recent proclamation from President Trump, declaring the month “National Homeownership Month,” Dr. Carson hosted an academic forum at his agency earlier today. He’s also preparing to go before Congress next week to discuss Trump’s recent 2018 budget blueprint, which proposes a $6.2 billion cut from HUD’s funding.

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Secretary Carson Talks Mind Over Matter in Housing Struggles

In a recent radio interview, HUD Secretary Ben Carson said that with “the right mindset,” many Americans using HUD’s low-income housing subsidies could overcome their struggles. Carson discussed topics of poverty, housing, and the government’s role in both, just days after President Trump’s 2018 budget blueprint was released. The plan cuts $6.2 billion from the HUD budget, ends the Community Development Block Grant program, and slashes funding for the department’s rental assistance program.

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