HUD Training to Provide Insights on New Federal Flood Risk Management Standard
In preparation for the Federal Flood Risk Management Standard elevation requirements that go into effect Jan. 1, 2025, the Department of Housing and Urban Development (HUD) is offering a training webinar to answer questions and prepare home builders for these changes.
The webinar, Minimum Property Standards in Special Flood Hazard Areas, will take place Dec. 17 at 1 p.m. ET.
This free, virtual training will provide home builders and other interested parties with an overview of the new construction requirements for site-built, FHA-insured residential structures. Attendees will learn about the new Minimum Property Standards requirement for one- to four-unit homes or units in condominium projects or legal phases concerning the lowest floor in newly constructed structures located within special flood hazard areas. There will be a question-and-answer session at the end of the training.
Attendees must register by Dec. 16, 2024.
Latest from NAHBNow
The National Association of Home Builders (NAHB) released the NAHB Remodeling Market Index (RMI) for the third quarter, posting a reading of 62—up one point compared to the previous quarter.
For the first time since 2022, the share of new homes with two-story foyers increased, according to the Census Bureau's Survey of Construction (SOC). Despite the increase, the market share of two-story foyers has generally trended downward since 2017, with most new single-family homes being built without a two-story foyer both nationally and regionally.
Latest Economic News
In the third quarter of 2026, the NAHB Remodeling Market Index (RMI) posted a reading of 62, up one point compared to the previous quarter. The RMI has remained within a narrow band between 59 and 70 for the past four years.
Mortgage application activity declined as the 30-year fixed mortgage rate rose sharply. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, decreased 7.7% month-over-month in September on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were lower by 35.4%.
Mortgage rates rose sharply in September as multiple factors applied significant upward pressure on the U.S. treasury yields. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.86% in September, up nearly 20 basis points (bps) from August.