Yes, the president is required to make a report to Congress, "from time to time".
It has become customary for the president to do so in a speech once a year.
state (the condition) of the union
Yes, it is. Article 2, Section 3 requires the president to ". . . from time to time give to the Congress Information of the State of the Union. . . "
The inaugueral address is given by the president to congress,
State of the Union address
State of the Union Address
State of the Union Article II, Section 3, Clause 1
State of the Union Address
state of the union message
State of the Union Address
It has been known as The State of the Union Address since the 1940s; before then it was called "the President's Annual Message to Congress". It does not need to be in the form of a speech, and it does not need to be delivered every year. The U.S. Constitution, Article II, Section 3 states, in part, "[The President] shall from time to time give to the Congress Information on the State of the Union, and recommend to their Consideration such Measures as he shall judge necessary and expedient..." Throughout the 19th century the Presidents sent the State of the Union to Congress in writing, and it was read by the clerk. Woodrow Wilson revived the practice of delivering the State of the Union orally.
The annual speech given by the president to update Congress and the people is called the State of the Union address.
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