HUD and Census Bureau: Residential Construction Activity Report February 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 February 2018. Building Permits: Privately owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,298,000. This is 5.7 percent (±0.7 percent) below the revised…
OCC: Report Shows Mortgage Performance Data Unchanged in Fourth Quarter 2017
Performance of first-lien mortgages remained largely unchanged during the fourth quarter of 2017 compared with a year earlier, according to the Office of the Comptroller of the Currency’s (OCC) quarterly report on mortgages. The OCC Mortgage Metrics Report, Fourth Quarter 2017, showed 94.5 percent of mortgages included in the report were current and performing at…
Census Bureau: Older People Projected to Outnumber Children by 2030
2030 Marks Important Demographic Milestones for U.S. Population The year 2030 marks an important demographic turning point in U.S. history according to the U.S. Census Bureau’s 2017 National Population Projections. By 2030, all baby boomers will be older than age 65. This will expand the size of the older population so that 1 in every 5…
Census Bureau: New County and Metro/Micro Area Population Estimates Available March 22
The U.S. Census Bureau will offer an embargo period next week for media to view the 2017 population estimates for counties, metropolitan and micropolitan statistical areas, and Puerto Rico municipios. The statistics will be posted to the Census Bureau’s embargo site at 10 a.m. (EDT) on Tuesday, March 20, for public release at 12:01 a.m….
CDFI Fund: Revised Opportunity Zones Resource Data Now Available
The U.S. Department of the Treasury has released revised information concerning census tracts that are eligible for nomination as Qualified Opportunity Zones (QOZs). Specifically, data in the Opportunity Zones Information Resource has been updated from information provided in a February 8, 2018, release to include all census tracts that meet the New Markets Tax Credit…
Census Bureau: Housing Vacancy Survey Annual Results Available for 2017
Today the U.S. Census Bureau released annual statistics for the 2017 rental and homeowner vacancy rates, homeownership rates and characteristics of units available for rent for the United States, regions, states and the 75 largest metropolitan statistical areas. Data for all geographies are from the Current Population Survey/Housing Vacancy Survey and are available annually. Homeownership…
FHFA: Index Shows Mortgage Rates Increased in January 2018
Nationally, interest rates on conventional purchase-money mortgages increased from December to January, 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 4.12 percent for loans closed in late January, up 4 basis points from 4.08 percent in December….
FHFA: U.S. House Prices Rise 1.6 Percent in Fourth Quarter 2017
U.S. house prices rose 1.6 percent in the fourth quarter of 2017 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.7 percent from the fourth quarter of 2016 to the fourth quarter of 2017. FHFA’s seasonally adjusted monthly index for December was up 0.3 percent from November. The HPI is…
HUD and Census Bureau: New Residential Sales Report for January 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 January 2018: New Home Sales Sales of new single-family houses in January 2018 were at a seasonally adjusted annual rate of 593,000. This is 7.8 percent (±19.0 percent)* below the revised December…
SBA: Office of the National Ombudsman Releases Annual Report on Small Business Issues
The Office of the National Ombudsman at the U.S. Small Business Administration recently released its annual report to the 115th Congress, rating federal agencies’ responsiveness to the regulatory enforcement issues small businesses faced during fiscal year 2016. Created by the Small Business Regulatory Enforcement Fairness Act in 1996, the Office of the National Ombudsman works…