HUD Showcases 3-D Printing as an Innovative Solution for Affordable Housing Supply

Industry Update
July 30, 2024

Source: U.S. Department of Housing and Urban Development

Senior leaders from the U.S. Department of Housing and Urban Development (HUD) joined the University of Alaska Fairbanks to demonstrate and highlight one of the innovative ways HUD is working to boost the supply of affordable homes: 3-D printing.

“We need to think bigger, bolder, and more creatively than ever if we want to build the affordable homes of the future,” said Solomon Greene, Principal Deputy Assistant Secretary for Policy Development and Research. “Here at HUD, we are using innovative solutions to build the housing our growing nation needs. This 3-D printer is an exciting representation of this new frontier, and we cannot wait to see it at work.”

At today’s event, Solomon Greene, HUD’s Principal Deputy Assistant Secretary for Policy Development and Research, Richard Monocchio, HUD’s Principal Deputy Assistant Secretary for Public and Indian Housing, and Northwest Regional Administrator Andrew Lofton joined Pat Pitney, the President of the University of Alaska Fairbanks, to showcase this new potential solution to building affordable homes.

“This partnership is instrumental towards our work to invest in new, innovative technologies to address Alaska’s housing challenges,” said University of Alaska President Pat Pitney. “I’m grateful to HUD and our private and academic partners for making this happen, and we’re excited to see what this printer will do for our community.”

“This is a momentous day, not only for us at HUD or for our partners, but for the future of affordable housing construction in extreme climates in places like Alaska,” said HUD Northwest Regional Administrator Andrew Lofton. “Today, we showcased the latest example of how technological innovation, when paired with local knowledge and strong community partnerships, can help us build the quality, affordable, and resilient homes our country needs.”

HUD presented a Research Partnership grant of $600,000 to the City of Nome, Alaska, in May 2023, helping to support this crucial work. The project team, including partners Xtreme Habitats Institute (XHI) and Penn State University, will conduct the design, engineering, materials research, development, planning, and analysis required to 3-D print high-quality, affordable, energy-efficient, and sustainable housing for communities in sub-arctic regions of Alaska. In Fairbanks, students and researchers at the University of Alaska will continue to refine, test, and design protocols for the mobile printer that will move to Nome. In Nome, the team will use the mobile 3-D printer designed and built for the environment to construct and evaluate a prototype home. One of the key goals of this construction project is to use sustainable local resources for the construction material. Outside of HUD and the City of Nome, other key partners on this project include the Alaska Housing Finance Corporation, the University of Alaska, Fairbanks, the Cold Climate Housing Research Center, the National Renewable Energy Laboratory, XHab 3D, Inc., and Fairbanks Materials, Inc.

In April, HUD launched the “Road to Innovation” tour, led by the Office of Policy Development & Research (PD&R), where HUD leaders traveled across the country to uplift examples of investment in innovative construction techniques boosting affordable housing supply. Fairbanks is the 7th stop of the ongoing tour, following trips to Detroit, Minneapolis, Seattle, Portland, New York City, and Jersey City during the spring.

Under the Biden Harris Administration, HUD has not only invested in innovation to boost the supply of homes, but also partnered with entrepreneurs and innovators in the private sector and updated HUD rules to help unleash and scale housing innovation. At HUD’s 2024 Innovative Housing Showcase, the Department welcomed thousands of visitors to the National Mall to view incredible exhibitors, showcasing their own models of innovative housing from their communities. At the Showcase, Acting Secretary Todman launched a new program to invest in manufactured home communities – a key affordable option for many families. In July 2022, HUD initiated the largest set of proposed changes to the HUD Code in over two decades, proposing to allow materials that facilitate modern design approaches and improve quality, allow certain ridge roof designs, add provisions for multifamily manufactured homes of up to three units, update requirements for open floor plans, add accessibility improvements, and more. For more on HUD’s work to boost innovation in housing or to see photography or footage from today’s event, email HUDPressOffice@HUD.gov.

 

For full report, please click the source link above.

 

Q2 Auction Demand Slips as Retail Inventory Rises

Industry Update
July 26, 2024

Source: Auction Market Dispatch

Q2 Auction Demand Slips as Retail Inventory Rises

After a strong showing in the first quarter of 2024 — and well into the second quarter — demand for distressed properties sold at auction showed early signs of slipping in June even as the supply of properties available at auction continued to contract, according to proprietary data from Auction.com, the nation’s largest distressed property marketplace that accounts for nearly half of all properties sold at foreclosure auction nationwide.

Although one month’s data is not yet a trend, the demand slippage in June could be an early indication that local community developers buying at auction are becoming increasingly wary of rising retail inventory, which represents competition for the renovated homes they sell or rent back into the retail market — typically within six months of buying at auction.

“I do feel like the retail market has softened,” said Tony Tritt, a local community developer operating in Northwest Georgia who renovates and resells properties he purchases at foreclosure auction, mostly to owner-occupant buyers. “I would expect a longer time horizon to get (my renovated properties) sold because they aren’t flying off the shelves like they used to.”

If it continues past June, the demand slippage from buyers like Tritt could also foreshadow a slowdown in retail home price appreciation. Because buyers at distressed market auctions are anticipating retail market conditions three to six months into the future, bidding behavior at those auctions provides a reliable forward-looking indicator of trends in retail home price appreciation.

Demand Slips from Multi-Year Highs in Late Q2

Thanks to strong performances in April and May, most demand metrics at auction show strengthening demand for the second quarter overall compared to the previous quarter, but monthly data reveals a clear downshift in June for many demand metrics, including bidders per property, sales rates, and winning bid-to-value ratios.

The average number of bidders for each property sold at bank-owned (REO) auction in the second quarter was down 2 percent from the previous quarter but still up 3 percent from a year ago. But in June that bidders-per-property metric dropped 17 percent from May and was down 3 percent on a year-over-year basis.

The sales rate at foreclosure auction (the share of properties available at auction that sold) increased in the second quarter, both on a quarterly basis (up 5 percent) and annual basis (up 4 percent) but decreased 4 percent in June from a 25-month high in May. The June sales rate was still up 3 percent from a year ago.

A similar pattern of June demand slipping from a nearly two-year high earlier in the quarter shows up in demand metrics related to pricing — both for foreclosure auctions and REO auctions.

Winning bidders at foreclosure auction in June were willing to pay 58.7 percent of a property’s estimated after-repair value on average, down from a 25-month high of 60.7 percent in April. Winning bidders at REO auction in June were willing to pay 58.6 percent of a property’s estimated after-repair value on average, down from a 25-month high of 61.7 percent in April.

 

For full report, please click the source link above.

 

FEMA Major Disaster Declaration – Florida Hurricane Debby

FEMA Alert
August 10, 2024  

***LAST UPDATE: 10/21/24***

FEMA has issued a Major Disaster Declaration for the state of Florida to supplement state, tribal, and local recovery efforts in areas affected by Hurricane Debby from August 1-27, 2024.  The following counties have been approved for assistance:

Individual Assistance:

  • Alachua
  • Baker
  • Citrus
  • Columbia
  • Dixie
  • Gilchrist
  • Hamilton
  • Hillsborough
  • Jefferson
  • Lafayette
  • Levy
  • Madison
  • Manatee
  • Pinellas
  • Sarasota
  • Suwannee
  • Taylor

Public Assistance:

  • Alachua
  • Baker
  • Bay
  • Bradford
  • Brevard
  • Calhoun
  • Charlotte
  • Citrus
  • Clay
  • Collier
  • Columbia
  • DeSoto
  • Dixie
  • Duval
  • Escambia
  • Flagler
  • Franklin
  • Gadsden
  • Gilchrist
  • Glades
  • Gulf
  • Hamilton
  • Hardee
  • Hendry
  • Hernando
  • Highlands
  • Hillsborough
  • Holmes
  • Jackson
  • Jefferson
  • Lafayette
  • Lake
  • Lee
  • Leon
  • Levy
  • Liberty
  • Madison
  • Manatee
  • Marion
  • Monroe
  • Nassau
  • Okaloosa
  • Okeechobee
  • Orange
  • Osceola
  • Pasco
  • Pinellas
  • Polk
  • Putnam
  • Santa Rosa
  • Sarasota
  • Seminole
  • St. Johns
  • Sumter
  • Suwannee
  • Taylor
  • Union
  • Volusia
  • Wakulla
  • Walton
  • Washington

 

Florida Hurricane Debby (DR-4806-FL)

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for Florida

Map of Affected Areas

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Emergency Management Declaration – Vermont Tropical Depression Debby

FEMA Alert
August 8, 2024  

FEMA has issued an Emergency Management Declaration for the state of Vermont to supplement state, tribal and local response efforts due to emergency conditions resulting from Tropical Depression Debby beginning August 8, 2024 and continuing.  The following counties have been approved for assistance:

Public Assistance:

  • Addison
  • Bennington
  • Caledonia
  • Chittenden
  • Essex
  • Franklin
  • Grand Isle
  • Lamoille
  • Orange
  • Orleans
  • Rutland
  • Washington
  • Windham
  • Windsor

 

Vermont Tropical Depression Debby (EM-3609-VT)

President Joseph R. Biden, Jr. Approves Emergency Declaration for Vermont

Map of Affected Area

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Fire Management Assistance Declaration – Oregon Mile Marker 132 Fire

FEMA Alert
August 2, 2024  

FEMA has issued a Fire Management Assistance Declaration for the state of Oregon to supplement state, tribal and local recovery efforts in areas affected by the Mile Marker 132 Fire on August 2, 2024.  The following counties have been approved for assistance:

Public Assistance:

  • Deschutes

 

Oregon Mile Marker 132 Fire (FM-5527-OR)

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Emergency Management Declaration – North Carolina Tropical Storm Debby

FEMA Alert
August 6, 2024  

***LAST UPDATED: 8/26/24***

FEMA has issued an Emergency Management Declaration for the state of North Carolina to supplement state, tribal and local response efforts due to emergency conditions resulting from Tropical Storm Debby beginning August 5, 2024 and continuing.  The following counties have been approved for assistance:

Public Assistance:

  • Alamance
  • Alleghany
  • Anson
  • Beaufort
  • Bertie
  • Bladen
  • Brunswick
  • Cabarrus
  • Camden
  • Carteret
  • Caswell
  • Chatham
  • Chowan
  • Columbus
  • Craven
  • Cumberland
  • Currituck
  • Dare
  • Davidson
  • Davie
  • Duplin
  • Durham
  • Edgecombe
  • Forsyth
  • Franklin
  • Gates
  • Granville
  • Greene
  • Guilford
  • Halifax
  • Harnett
  • Hertford
  • Hoke
  • Hyde
  • Iredell
  • Johnston
  • Jones
  • Lee
  • Lenoir
  • Martin
  • Mecklenburg
  • Montgomery
  • Moore
  • Nash
  • New Hanover
  • Northampton
  • Onslow
  • Orange
  • Pamlico
  • Pasquotank
  • Pender
  • Perquimans
  • Person
  • Pitt
  • Randolph
  • Richmond
  • Robeson
  • Rockingham
  • Rowan
  • Sampson
  • Scotland
  • Stanly
  • Stokes
  • Surry
  • Tyrrell
  • Union
  • Vance
  • Wake
  • Warren
  • Washington
  • Wayne
  • Wilkes
  • Wilson
  • Yadkin

 

North Carolina Tropical Storm Debby (EM-3608-NC)

President Joseph R. Biden, Jr. Approved Emergency Declaration for North Carolina

Map of Affected Area

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Emergency Management Declaration – South Carolina Hurricane Debby

FEMA Alert
August 5, 2024  

FEMA has issued an Emergency Management Declaration for the state of South Carolina to supplement state, tribal and local response efforts due to emergency conditions resulting from Hurricane Debby beginning August 4, 2024 and continuing.  The following counties have been approved for assistance:

Public Assistance:

  • Abbeville
  • Aiken
  • Allendale
  • Anderson
  • Bamberg
  • Barnwell
  • Beaufort
  • Berkley
  • Calhoun
  • Charleston
  • Cherokee
  • Chester
  • Chesterfield
  • Clarendon
  • Colleton
  • Darlington
  • Dillon
  • Dorchester
  • Edgefield
  • Fairfield
  • Florence
  • Georgetown
  • Greenville
  • Greenwood
  • Hampton
  • Horry
  • Jasper
  • Kershaw
  • Lancaster
  • Laurens
  • Lee
  • Lexington
  • Marion
  • Marlboro
  • McCormick
  • Newberry
  • Oconee
  • Orangeburg
  • Pickens
  • Richland
  • Saluda
  • Spartanburg
  • Sumter
  • Union
  • Williamsburg
  • York

 

South Carolina Hurricane Debby (EM-3606-SC)

President Joseph R. Biden, Jr. Approved Emergency Declaration for South Carolina

Map of Affected Areas

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Emergency Management Declaration – Georgia Hurricane Debby

FEMA Alert
August 5, 2024  

FEMA has issued an Emergency Management Declaration for the state of Georgia to supplement state, tribal and local response efforts due to emergency conditions resulting from Hurricane Debby beginning August 4, 2024 and continuing.  The following counties have been approved for assistance:

Public Assistance:

  • Appling
  • Atkinson
  • Bacon
  • Ben Hill
  • Berrien
  • Brantley
  • Brooks
  • Bryan
  • Bulloch
  • Burke
  • Camden
  • Candler
  • Charlton
  • Chatham
  • Clinch
  • Coffee
  • Colquitt
  • Cook
  • Crisp
  • Decatur
  • Dodge
  • Echols
  • Effingham
  • Emanuel
  • Evans
  • Glynn
  • Grady
  • Irwin
  • Jeff Davis
  • Jefferson
  • Jenkins
  • Johnson
  • Lanier
  • Laurens
  • Liberty
  • Long
  • Lowndes
  • McIntosh
  • Mitchell
  • Montgomery
  • Pierce
  • Richmond
  • Screven
  • Tattnall
  • Telfair
  • Thomas
  • Tift
  • Toombs
  • Treutlen
  • Turner
  • Ware
  • Wayne
  • Wheeler
  • Wilcox
  • Worth

 

Georgia Hurricane Debby (EM-3607-GA)

President Joseph R. Biden, Jr. Approved Emergency Declaration for Georgia

Map of Affected Areas

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Emergency Management Declaration – Florida Tropical Storm Debby

FEMA Alert
August 3, 2024  

FEMA has issued an Emergency Management Declaration for the state of Florida to supplement state, tribal and local response efforts due to emergency conditions resulting from Tropical Storm Debby beginning August 1, 2024 and continuing.  The following counties have been approved for assistance:

Public Assistance:

  • Alachua
  • Baker
  • Bay
  • Bradford
  • Brevard
  • Calhoun
  • Charlotte
  • Citrus
  • Clay
  • Collier
  • Columbia
  • Desoto
  • Dixie
  • Duval
  • Escambia
  • Flagler
  • Franklin
  • Gadsden
  • Gilchrist
  • Glades
  • Gulf
  • Hamilton
  • Hardee
  • Hendry
  • Hernando
  • Highlands
  • Hillsborough
  • Holmes
  • Jackson
  • Jefferson
  • Lafayette
  • Lake
  • Lee
  • Leon
  • Levy
  • Liberty
  • Madison
  • Manatee
  • Marion
  • Monroe
  • Nassau
  • Okaloosa
  • Okeechobee
  • Orange
  • Osceola
  • Pasco
  • Pinellas
  • Polk
  • Putnam
  • St. Johns
  • Santa Rosa
  • Sarasota
  • Seminole
  • Sumter
  • Suwannee
  • Taylor
  • Union
  • Volusia
  • Wakulla
  • Walton
  • Washington

 

Florida Tropical Storm Debby (EM-3605-FL)

President Joseph R. Biden, Jr. Approved Emergency Declaration for Florida

Map of Affected Areas

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Fire Management Assistance Declaration – Colorado Quarry Fire

FEMA Alert
August 1, 2024  

FEMA has issued a Fire Management Assistance Declaration for the state of Colorado to supplement state, tribal and local recovery efforts in areas affected by the Quarry Fire on July 30, 2024.  The following counties have been approved for assistance:

Public Assistance:

  • Jefferson

 

Colorado Quarry Fire (FM-5526-CO)

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies