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Scott Turner Nominated as HUD Secretary
Late Friday, President-elect Trump announced Scott Turner as his pick for Secretary of the U.S. Department of Housing and Urban Development (HUD).
New HUD Deputy Assistant Secretary for Manufactured Housing Gives Manufactured Housing Equal Billing with Single Family and Multifamily at HUD
The U.S. Department of Housing and Urban Development (HUD) announced that Teresa Payne will be the new Deputy Assistant Secretary for Manufactured Housing, a position created after HUD made the Office of Manufactured Housing Programs (OMHP) an independent office reporting directly to the Assistant Secretary for Housing and Federal Housing Commissioner in June.
Top Economist & Top Demographer to Share Market Insight at MHI National Communities Council Fall Leadership Forum
Eric Finnigan, Vice President of Demographics Research at John Burns Research & Consulting and Douglas Holtz-Eakin, President of the American Action Forum will address MHI’s National Communities Council Fall Leadership Forum.
Texas Court Rules DOL Overtime Rule Invalid
The U.S. District Court for the Eastern District of Texas issued a ruling invalidating the Department of Labor’s (DOL) overtime final rule which was published in April 2024.
Scott Turner Nominated as HUD Secretary
Late Friday, President-elect Trump announced Scott Turner as his pick for Secretary of the U.S. Department of Housing and Urban Development (HUD).
HUD Releases FHA Management Report
Last Friday HUD released its annual Fiscal Year 2024 FHA Management Report, in conjunction with its annual Mutual Mortgage Insurance (MMIF) Report. The reports, a financial scorecard of FHA’s finances, showed continued financial strength for FHA single family loans. FHA’s net worth increased from $145.29 billion to $172.76 in the last year, and its capital ratio increased from 10/51% to 11.47% in the same period.
This week, we celebrate the 50th anniversary of creating a nationwide performance-based building code for manufactured housing when President Gerald R. Ford signed the National Manufactured Housing Construction and Safety Standards Act of 1974 into law on August 22, 1974.
The act, also known as the HUD Code, gives the U.S. Department of Housing and Urban Development (HUD) the authority to establish and change the federal standards for manufactured homes. In a press release, HUD noted that this “simultaneously improved the safety of new manufactured housing, improved efficiency of mass production and reduced construction costs.”
Thanks to the manufactured housing industry’s partnership with HUD, manufactured housing has made the American Dream of homeownership attainable for millions of families. Manufactured home builders offer homebuyers brand-new homes with the design features and efficiencies they want at affordable prices. The partnership with HUD has resulted in homes that homebuyers love, especially compared to other housing choices at similar price points.