CDFI Fund: Public Comments Requested on CDFI Program and NACA Program Annual Compliance Reports
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community…
Census Bureau: Economic Census Begins
The 2017 Economic Census is officially underway today as the U.S. Census Bureau began notifying businesses nationwide by mail with instructions on how to complete the survey online. Conducted once every five years, this is the first time the Census Bureau will conduct the survey almost entirely online. Only small businesses in U.S. territories will…
FHFA: Index Shows Mortgage Rates Increased in March 2018
Nationally, interest rates on conventional purchase-money mortgages increased from February to March, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.49 percent for loans closed in late March, up 21 basis points from 4.28 percent in February….
ABA: Report Shows Credit Card Market Expanded in Fourth Quarter 2017 Amid Strong Holiday Spending Season
Credit card use continued to grow in the fourth quarter of 2017 on the back of a strong holiday season for consumer spending, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. On an annual basis, monthly purchase volumes rose 3.9 percent for prime accounts and 5.1 percent for super-prime accounts, but…
HUD and Census Bureau: New Residential Sales Report for March 2018
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 March 2018: New Home Sales Sales of new single-family houses in March 2018 were at a seasonally adjusted annual rate of 694,000. This is 4.0 percent (±18.6 percent)* above the revised February…
FHFA: House Price Index Up 0.6 Percent in February 2018
U.S. house prices rose in February, up 0.6 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.8 percent increase in January was revised upward to 0.9 percent. The FHFA monthly HPI is calculated using home sales price information from mortgages…
Census Bureau: 2016 County Business Patterns Shows Overall Growth in Employment
Construction led all sections in the largest rate of employment growth with an increase of 5.0 percent from 2015 to 2016, according to new U.S. Census Bureau economic statistics released today. Overall, construction employment grew from 6.0 million in 2015 to 6.3 million in 2016. In addition, annual payroll in Construction (NAICS 23) grew 6.5…
HUD and Census Bureau: Residential Construction Activity Report for March 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for March 2018. Building Permits Privately owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,354,000. This is 2.5 percent (±1.4 percent) above the revised…
FDIC: Use of Technology in the Business of Banking Forum Scheduled for May 7th
The Federal Deposit Insurance Corporation (FDIC) will host a forum on the Use of Technology in the Business of Banking on Monday, May 7, 2018. Panels will focus on emerging technologies that are transforming banking operations; the impact of emerging technologies on retail banking, including new and innovative delivery channels, enhanced customer experiences, and economic…
Census Bureau: Economic Census Instructions Will Be Mailed to 3.7 Million Businesses Soon
The U.S. Census Bureau will mail out instructions for filing out the 2017 Economic Census to businesses nationwide in early May. Approximately 3.7 million U.S. businesses nationwide, including those in U.S. territories, will receive information by mail with instructions to set up an account to complete their economic census online. The deadline for response is…