HUD’s January Housing Scorecard takes a deeper look at the recovery of our nation’s housing market at the end of 2015. As we look back, we witnessed notable progress among key indicators: a surge in new home sales, a revival in existing home sales, and a drop in mortgage delinquencies. While our housing market is on a healthy trajectory, it’s clear we must continue to support programs that help more Americans recover from the Great Recession. Continue reading
To address complex, societal problems, organizations must recognize the expertise of others and collaborate together on shared goals and strategies. That’s why AARP Foundation and HUD’s Office of Policy Development and Research have signed a Memorandum of Understanding promoting coordinated research and initiatives to address the problem of inadequate, unaffordable housing for low-income older adults. Continue reading
Our latest housing scorecard examines housing recovery data, our programs’ performance, and areas for improvement.
As 2015 came to a close, we saw our housing market reach key milestones on the path to recovery – homeowners’ equity rose again, the number of homeowners in negative equity continues to decline, and purchases of new homes increased. It’s clear that we must continue to support programs that will allow more American families and homeowners to recover from the Great Recession.
Here’s a closer look back at some of our progress: Continue reading
On Saturday December 13, 2015, 196 nations reached an historic agreement to work together to curb global warming. I had the privilege of attending the UN Conference on Climate Change (COP 21) in Paris, as part of the U.S. Government delegation, representing the U.S. Department of Housing and Urban Development (HUD), and returned energized by what I saw, with a renewed commitment to the resilience and energy work we are doing here at HUD. Continue reading
Have you ever gone to rent an apartment or home, and once there the leasing agent told you, “Sorry, we don’t have anything right now”? You could have sworn that they had advertised units were available. Maybe you felt that something about the exchange was wrong, Or even more unsettling, you suspect you’d been discriminated against. But what can you do? Continue reading