ICBA: ICBA Applauds House Financial Services Committee for Advancing Three Pro-Community Bank Bills to Repeal 1071, Promote De Novo Bank Formation, and Restrict Central Bank Digital Currency
The Independent Community Bankers of America (ICBA) commended the House Financial Services Committee for advancing three ICBA-advocated bills to support community banks and the local communities they serve. “ICBA and the nation’s community banks commend the House Financial Services Committee for today’s votes to advance pro-community bank bills to repeal the Consumer Financial Protection Bureau’s…
HUD: New Agency Website Debuts Focused on High-Quality, Streamlined Service to American Public
The U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner today announced the launch of a new, streamlined HUD.gov website that prioritizes the needs of the American public. “Providing the best and highest quality service to rural, tribal and urban communities means that critical resources online should be streamlined, concise and user-friendly,” Secretary Turner said. “The…
HUD and Census Bureau: New Residential Sales Report for February 2025 Issued
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for February 2025: New Home SalesSales of new single-family houses in February 2025 were at a seasonally adjusted annual rate of 676,000, according to estimates released jointly today by the U.S. Census Bureau…
FHFA: House Price Index Up 0.2 Percent in January 2025; Up 4.8 Percent from Last Year
U.S. house prices rose 0.2 percent in January, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 4.8 percent from January 2024 to January 2025. The previously reported 0.4 percent price growth in December was revised upward to 0.5 percent. For the nine census divisions, seasonally adjusted monthly home price…
ABA: Bank Economists Note Credit Conditions to Soften for Consumers and Small Businesses Amid Heightened Economic Uncertainty
Credit conditions are expected to weaken modestly over the next six months as businesses and consumers adopt a more cautious outlook amid heightened uncertainty, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets…
OCC: Mortgage Performance for Fourth Quarter of 2024 Reported
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the fourth quarter of 2024. The OCC Mortgage Metrics Report, Fourth Quarter 2024 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, an increase…
Census Bureau: Data Collection Begins for 2024 Annual Integrated Economic Survey for Businesses
The U.S. Census Bureau today began collecting data for the 2024 Annual Integrated Economic Survey (AIES). One of the Census Bureau’s newest surveys, the AIES is designed to integrate and replace seven existing business surveys into a streamlined single survey. The AIES provides key measures of economic activity, including the only comprehensive national and subnational data…
Census Bureau: New Data Shows Growth in Metro Areas Outpaced Nation
Population growth in U.S. metro areas as a whole was faster between 2023 and 2024 than in the previous year and outpaced that of the nation. Additionally, some metro areas that experienced population declines during the COVID-19 pandemic are now observing population gains, according to Vintage 2024 estimates of population totals and components of change…
ABA: Bank Economists See Emerging Risks to Growth and Inflation
While the American Bankers Association’s Economic Advisory Committee expects continued economic growth, the committee’s latest forecast released today recognizes risks emanating from policy changes and uncertainty. Additionally, the Federal Reserve is likely to face significant challenges in returning inflation to its 2% target, according to the group. The committee, composed of 16 chief economists from…
HUD and Census Bureau: New Residential Sales Report for January 2025 Issued
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for January 2025: New Home SalesSales of new single-family houses in January 2025 were at a seasonally adjusted annual rate of 657,000, according to estimates released jointly today by the U.S. Census Bureau…