Sales of newly built, single-family homes fell 8.1 percent to a seasonally adjusted annual rate of 406,000 units in June, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Sales numbers for May were revised downward to 442,000.
Statement from NAHB Chairman Kevin Kelly on Julian Castro’s Nomination as HUD Secretary
May 23, 2014 - Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del., today issued the following statement regarding President Obama’s announcement to nominate San Antonio Mayor Julian Castro as the next secretary of the U.S. Department of Housing and Urban Development:
“NAHB congratulates Mayor Castro on his nomination as HUD secretary. Upon his confirmation to the Cabinet post, NAHB looks forward to working with Mr. Castro to promote policies that will ensure stable and liquid mortgage markets for single-family and multifamily housing and to address the many challenges that face our industry, including persistently tight credit conditions that are preventing qualified buyers from obtaining home loans.”