The inventory shortage has been a prominent issue in housing for years, but how much work do builders have ahead of them in order to keep up with sky-high demand? A new Zillow report shows builders still have to fill a 1.35 million new-home construction shortfall caused by a decade of underbuilding.
The U.S. Department of Housing and Urban Development (HUD) recently announced that it is making an additional $5,757,663 in American Rescue Plan (ARP) funding available to help HUD Fair Housing Initiatives Program (FHIP) agencies combat housing discrimination related to the COVID-19 pandemic.
Fannie Mae recently announced the appointment of Chryssa C. Halley to executive vice president and chief financial officer (CFO). In this role, Halley reports to the Fannie Mae President and is responsible for Fannie Mae’s financial management and economic and strategic research functions.