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HUD Awards $400,000 Grant to West Virginia University for Housing Construction Research

by Phil Hall | Dec 11, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development’s (HUD) Office of Policy Development and Research is providing a $400,000 grant to West Virgnia University (WVU) to support research into housing construction methods. WVU will collaborate with Omnis Building...

HUD Announces New Disaster Assistance Initiatives

by Phil Hall | Dec 6, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development’s (HUD) has announced two initiatives to help households impacted by disasters. HUD has extended the foreclosure moratoriums for Federal Housing Administration (FHA)-insured Single Family Title II forward and Home...
Rocket Mortgage Challenges Feds Over Appraisal Independence Rules

Rocket Mortgage Challenges Feds Over Appraisal Independence Rules

by Phil Hall | Dec 5, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Detroit-headquartered Rocket Mortgage, a part of Rocket Companies (NYSE: RKT), announced that is suing the US Department of Housing and Urban Development (HUD) to correct what is claimed to be “conflicts between the government’s regulations requiring appraiser...
New Home Sales Plummet 17.3% in October

New Home Sales Plummet 17.3% in October

by Phil Hall | Nov 26, 2024 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Sales of new single-family houses during October were at a seasonally adjusted annual rate of 610,000, according to estimates published by the U.S. Census Bureau and the Department of Housing and Urban Development. This represented a 17.3% drop from the revised...
Trump Names Scott Turner for HUD Secretary

Trump Names Scott Turner for HUD Secretary

by Phil Hall | Nov 23, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

President-elect Donald Trump announced his appointment of Scott Turner to become Secretary of Housing and Urban Development (HUD) in his upcoming administration. The 52-year-old Turner is chief visionary officer at JPI, an Irving, Texas-based developer, builder, and...
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