Census Bureau: New Research Data Product Released to Track Income Mobility and Volatility
The U.S. Census Bureau today released a new research data product, Mobility, Opportunity, and Volatility Statistics (MOVS), that shows detailed income and household statistics over time and includes demographic characteristics such as race and ethnicity. MOVS uses linked demographic and tax records on the population of U.S. working-age adults and tracks the progress of incomes, providing new…
FHFA: Report Issued on Enterprise Single-Family Guarantee Fees in 2022
he Federal Housing Finance Agency (FHFA) today issued its annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac (the Enterprises). Guarantee fees are intended to cover the expected credit losses, administrative costs, and cost of capital that the Enterprises incur when they acquire single-family loans from lenders. The report analyzes loans…
Census Bureau: New Justice Outcomes Explorer Data Product Released
The U.S. Census Bureau today released a new experimental data product, the Justice Outcomes Explorer (JOE), that measures the economic and health outcomes of people who were charged with criminal offenses, released from prison, or began probation or parole sentences. The outcomes measured include employment, earnings, government program participation, and mortality. JOE is a collaboration between the…
CFPB: New Report Higlights the Hidden Costs of Health Savings Accounts
Many HSAs suffer from low interest rate yields and junk fees to switch The Consumer Financial Protection Bureau (CFPB) today released a report detailing the complex costs and fees that many consumers with health savings accounts are forced to pay. There were approximately 36 million health savings accounts in 2023 – holding more than $116 billion. These…
FHFA: House Price Index Up 1.2 Percent in February 2024; Up 7.0 Percent from Last Year
U.S. house prices rose in February, up 1.2 percent from January, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 7.0 percent from February 2023 to February 2024. The previously reported 0.1 percent price decrease in January remained unchanged. For the nine census divisions, seasonally adjusted monthly price changes from…
CFPB: New Published Research Finds Higher Price Complexity Leads Consumers to Pay More
As part of junk fee initiative, study suggests that consumers pay more when prices are separated into multiple fees Today, the Consumer Financial Protection Bureau (CFPB) issued a new report that suggests consumers tend to pay more for products that have more complex pricing structures. The report is based on experiments with multiple rounds of…
CFPB: New Analysis Finds 15 Million Americans Have Medical Bills on Their Credit Reports
People living in the South continue to be most likely to have medical bills on their reports The Consumer Financial Protection Bureau (CFPB) today released research showing that 15 million Americans still have medical bills on their credit reports despite changes by Equifax, Experian, and TransUnion. The 15 million Americans disproportionately live in the South and low-income…
HUD and Census Bureau: New Residential Sales Report for March 2024 Released
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 2024: New Home SalesSales of new single‐family houses in March 2024 were at a seasonally adjusted annual rate of 693,000, according to estimates released jointly today by the U.S. Census Bureau…
Census Bureau: Household Pulse Survey Phase 4.0 Monthly Data Released
The U.S. Census Bureau today released new data from phase 4.0 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to measure how emergent issues are impacting U.S. households from a social and economic perspective. Topics for phase 4.0 include employment status, spending, food security, housing,…
FHFA: Housing Mission Report for 2023 Released
The Federal Housing Finance Agency (FHFA) today released its annual Housing Mission Report, describing the activities taken by Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks (FHLBanks) in 2023 to promote access to financing for affordable, sustainable, and equitable housing and targeted economic development. “FHFA maintains a keen focus on…