HUD joins other federal agencies to update climate resiliency plans

The U.S. Department of Housing and Urban Development (HUD) announced on Friday that it has joined more than 20 other federal agencies to update its climate adaptation plan in furtherance of the White House’s national climate resilience framework. As the nation’s resources are further strained by the
Read MoreExisting-home sales drop even as prices hit all-time high: NAR

Low levels of for-sale inventory, high mortgage rates, and record-high home prices continue to hamper existing-home sales. According to the May 2024 existing-home sales report from the National Association of Realtors (NAR), sales volume fell 2.8% year over year to an annualized rate of 4.11 million
Read MoreAre housing permits showing recession risk?

On a recent HousingWire Daily podcast, I explored the question of whether construction labor was finally showing a recession risk. Today’s housing starts data has further solidified this trend, which we’ve been tracking for several months: construction labor is at risk, serving as a potent leading i
Read MoreFederal regulators approve final rule for AVM usage

On Thursday, two U.S. regulators — the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) — announced their approval of a final rule imposing quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market
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