Census Bureau: The Number of People Working from Home Tripled Between 2019 and 2021
U.S. Census Bureau releases new 2021 American Community Survey 1-year estimates for all geographic areas with populations of 65,000 or more. Between 2019 and 2021, the number of people primarily working from home tripled from 5.7% (roughly 9 million people) to 17.9% (27.6 million people), according to new 2021 American Community Survey (ACS) 1-year estimates…
OCC: Report Shows Overall Mortgage Performance Improvement
The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the second quarter of 2022. The OCC Mortgage Metrics Report, Second Quarter 2022 showed that 97 percent of mortgages included in the report were current and performing at the end of the quarter, compared…
Census Bureau: Household Pulse Survey Phase 3.6 Begins
The U.S. Census Bureau today announced the beginning of data collection for phase 3.6 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to provide near real-time data on how the COVID-19 pandemic, and changes in social and economic conditions are affecting people’s lives to…
Census Bureau: Data on 2021 Income, Poverty and Health Insurance Coverage Analyzed
The U.S. Census Bureau announced today that real median household income in 2021 was not statistically different than 2020. The official poverty rate of 11.6% was also not statistically different between 2020 and 2021. The Supplemental Poverty Measure (SPM) rate in 2021 was 7.8%, a decrease of 1.4 percentage points from 2020. Meanwhile, the percentage…
HUD: $5.5 Million Funding Opportunity Announced for HBCUs to Conduct Housing and Community Development Research
The U.S. Department of Housing and Urban Development (HUD) announced that it will make available $5.5 million for Historically Black Colleges and Universities (HBCUs) to establish or bolster existing Centers of Excellence (COE) that conduct housing and community development research. “Historically Black Colleges and Universities are economic anchors for their communities,” said Secretary Marcia L. Fudge….
HUD: FY 2023 Fair Market Rents Published
FMRs Will Make It Easier for Families with Housing Vouchers – Including Vouchers Created Under this Administration – to Use Their Vouchers to Access Affordable Housing The U.S. Department of Housing and Urban Development (HUD) today published Fair Market Rents (FMRs) for Fiscal Year 2023. FMRs, published annually, are an estimate of the amount of…
CFPB: New Report Details Family Finances and Debt in Rural Appalachia
Appalachians Face Higher Debt Burdens and Worse Credit Conditions than Most Other Parts of Rural America The Consumer Financial Protection Bureau (CFPB) has issued the first in a series of reports focusing on the finances of consumers living in rural areas. Today’s report focuses on rural Appalachians, who tend to earn less than consumers in…
FHFA: U.S. House Prices Rise 17.7 Percent Over the Last Year; Up 4.0 Percent from the First Quarter
U.S. house prices rose 17.7 percent from the second quarter of 2021 to the second quarter of 2022 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 4.0 percent compared to the first quarter of 2022. FHFA’s seasonally adjusted monthly index for June was up 0.1 percent from May. “Housing prices grew quickly through most…
Census Bureau: Webinar on the Release of 2021 American Community Survey 1-Year Estimates Scheduled for September 15th
The U.S. Census Bureau will hold a webinar Sept. 8 explaining how to access data and online resources from the 2021 American Community Survey (ACS) set to be publicly released on Sept. 15. The webinar will also provide tips for comparing ACS geographies and statistics over time. Embargo subscribers will have access to these statistics from Tuesday, Sept. 13, at 10…
CDFI Fund: Application Demand Released for FY 2022 Round of Small Dollar Loan Program
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2022 round of its Small Dollar Loan Program (SDL Program). The SDL Program is intended to expand consumer access to financial institutions by providing alternatives to high cost small dollar lending. Up…