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A Phil Hall Op-Ed: Will Congress Approve Trump’s 44% Cut to HUD’s Budget?

A Phil Hall Op-Ed: Will Congress Approve Trump’s 44% Cut to HUD’s Budget?

by Phil Hall | May 6, 2025 | A Phil Hall Op-Ed, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A Phil Hall Op-Ed: President Trump submitted his proposed Fiscal Year 2026 budget to Congress and it reduces non-defense discretionary spending by $163 billion. Among the proposed cuts is the $33.6 billion reduction in funds allocated to the Department of Housing and...
New Home Sales Up 7.4%

New Home Sales Up 7.4%

by Phil Hall | Apr 23, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses in March were at a seasonally adjusted annual rate of 724,000, according to estimates released by the US Census Bureau and the Department of Housing and Urban Development. This is 7.4% above the February rate of 674,000 and is 6%...
HUD HQ Building Listed for ‘Accelerated Disposal’

HUD HQ Building Listed for ‘Accelerated Disposal’

by Phil Hall | Apr 18, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Department of Housing and Urban Development (HUD) may soon need to find new housing for itself. The department’s headquarters building in Washington, DC, was added to the list of federal buildings designated by the General Services Administration for “accelerated...
New Chief Operating Officer at Ginnie Mae

New Chief Operating Officer at Ginnie Mae

by Phil Hall | Apr 17, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

Ginnie Mae has appointed Joseph M. Gormley as executive vice president and chief operating officer. In his new job, Gormley will lead Ginnie Mae’s strategic initiatives, operational functions, and risk management efforts. Gormley previously held several senior roles...
FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas

FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas

by Phil Hall | Apr 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Housing and Urban Development (HUD) Secretary Scott Turner announced the Federal Housing Administration (FHA) is extending its foreclosure moratoriums on FHA-insured single-family mortgages in areas impacted by Hurricanes Helene and Milton by an additional 90 days....
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