SBA: New Report Shows Consequential Impacts of SBA Pandemic Relief
Pandemic Relief Prevented Business Closures, Protected Jobs, and Led to Job Creation Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and voice in President Biden’s Cabinet for America’s more than 34 million small businesses, issued the following statement on a new report highlighting the positive impact of SBA pandemic relief programs – including the Paycheck…
Census Bureau: New Veteran Employment Outcomes Data Released
The U.S. Census Bureau today released an expanded version of Veteran Employment Outcomes (VEO), an experimental data product showing earnings and employment outcomes for veterans of the U.S. armed forces. Launched in 2020, VEO initially covered labor market outcomes for U.S. Army veterans. The update expands VEO coverage to also include data on Navy, Air Force,…
CFPB: New Study Reveals Heavy Buy Now, Pay Later Use Among Borrowers with High Credit Balances and Multiple Pay-in-Four Loans
More than 60 percent of users had simultaneous loans, borrowers held higher balances on other credit lines, and most loans went to consumers with subprime or lower credit scores Today, the Consumer Financial Protection Bureau (CFPB) released a study of Buy Now, Pay Later (BNPL) borrowers, finding that more than one-fifth of consumers with a…
CFPB: New Report Finds Hundreds of Thousands of Mortgages in Southeast and Central Southwest U.S. Likely Underinsured Against Flood Risk
Homeowners facing flooding from rivers and creeks more likely to be underinsured than coastal residents Today, the Consumer Financial Protection Bureau (CFPB) issued a new report that found significant differences in the likelihood that homeowners with a mortgage are adequately insured against flooding based both on location and on income and assets. According to findings,…
HUD: $10 Million Funding Opportunity Announced to Support Housing and Community Development Research at Minority-Serving Institutions
Funding available for Historically Black Colleges and Universities, Hispanic-Serving Institutions, Tribal Colleges and Universities, and Alaska Native/Native Hawaiian-Serving Institutions. The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $10 million in funding through its Office of Policy Development & Research (PD&R) to support eligible minority-serving institutions (MSIs) in researching critical housing and…
FHFA: House Prices Rise 0.4 Percent in October 2024; Up 4.5 Percent from a Year Earlier
Even though price growth has slowed recently, FHFA’s monthly House Price Index showed that home values rose during the 12 months ending in October in every Census division U.S. house prices rose 0.4 percent in October, according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 4.5 percent from October 2023…
HUD: January 2024 Point-in-Time Homelessness Count Report Released
The Annual Homelessness Assessment Report: Part 1 data highlights progress and challenges in Addressing Homelessness Across the Nation The U.S. Department of Housing and Urban Development (HUD) today released its 2024 Annual Homelessness Assessment Report: Part 1: Point-in-Time Estimates, an annual snapshot of the number of individuals in shelters, temporary housing, and unsheltered settings. The report…
HUD and Census Bureau: New Residential Sales Report for November 2024 Released
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for November 2024: New Home SalesSales of new single-family houses in November 2024 were at a seasonally adjusted annual rate of 664,000, according to estimates released jointly today by the U.S. Census Bureau and…
Census Bureau: New Data on Minority-Owned, Veteran-Owned and Women-Owned Businesses Released
The U.S. Census Bureau today released new estimates on the characteristics of employer businesses. According to the 2023 Annual Business Survey (ABS), which covers reference year 2022, there were approximately 5.9 million U.S. employer firms, of which 1.3 million (22.6%) were minority-owned; 273,542 (4.7%) were veteran-owned; and around 1.3 million (22.3%) were owned by women. This release also includes…
FHFA: Third Quarter 2024 Foreclosure Prevention and Refinance Report Released
More than 7 million troubled homeowners helped during conservatorships The Federal Housing Finance Agency (FHFA) today released its third quarter 2024 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 43,459 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped…