Ben Carson To Be NEW Head Of HUD

Dated: 12/05/2016

Views: 247

Ben Carson to be new head of HUD:

Builder confidence in the market for newly-built single-family homes remained unchanged in April at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

President-elect Trump has officially nominated Dr. Ben Carson to head up the Department of Housing and Urban Development.

“I am thrilled to nominate Dr. Ben Carson as our next Secretary of the U.S. Department of Housing and Urban Development,” Trump said in a statement released today. “Ben Carson has a brilliant mind and is passionate about strengthening communities and families within those communities.”

The selection is considered to be very interesting as Dr. Carson (who grew up in Detroit) does not share the classical views of prior HUD secretaries. Last year, Carson publicly criticized an Obama policy requiring that cities publicly report racial bias in their housing patterns, the Post reported.

“These government engineered attempts to legislate racial equality create consequences that often make matters worse,” Carson wrote in the Washington Times. “There are reasonable ways to use housing policy to enhance the opportunities available to lower-income citizens, but based on the history of failed socialist experiments in this country, entrusting the government to get it right can prove downright dangerous.”

Separately, Trump selected Steve Mnuchin, the former Goldman Sachs executive tapped for the Treasury job. He said that one of the things at the top of the Trump administration’s agenda will be “getting Fannie and Freddie out of government ownership.”

The news sent Fannie and Freddie stocks skyrocketing to 45% above their opening price, to levels not seen since June of 2014. Both stocks closed near $4.40. .

With these two appointees, the housing market is in store for many policy and structural changes in the coming years.

Debora Aguirre- Realty Executives AdvantageImage title

Latest Blog Posts


A Time of Self Reflection.  As the events of Wednesday afternoon, February 14, 2018 began to unfold on TV at Stoneman Douglas High School in Parkland, Florida, I

Read More

MY STORY A Move To The Texas Gulf Coast

I’m Jerri Sutherland, a realtor in Galveston, TX and new to this thing called “blogging”.  I decided in late 2016 to make this journal go “live” and to stop procrastinating as I need

Read More

Winterizing Your Home

In South Texas we do not have a long checklist to take care of when winterizing our homes, but there are a few things that you might want to take the time to check.If you are lucky enough to have a

Read More

A December To Remember 2017

What an awesome year 2017 has been! Consumer confidence is at an all time high causing the stock market to hit record levels. This is good for everyone.  This year's Christmas tree is

Read More