FHFA: U.S. House Prices Up 5.4 Percent from Last Year; Rise 0.8 Percent in Second Quarter Despite COVID
U.S. house prices rose 5.4 percent from the second quarter of 2019 to the second quarter of 2020 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices were up 0.8 percent in the second quarter of 2019. FHFA’s seasonally adjusted monthly index for June was up 0.9 percent from May. “Home prices grew by 5.4 percent in the…
FDIC: Insured Institutions Reported Lower Profitability but Strong Liquidity and Higher Capital Levels in Second Quarter 2020
Aggregate Quarterly Net Income Declined Due to Continued Economic Uncertainty Net Interest Margin Compressed at Record Rate Deposits Expanded by More Than $1 Trillion for Second Consecutive Quarter Deposit Insurance Fund Increased to Record $114.7 Billion, while Reserve Ratio Falls to 1.30 Percent Due to Inflow of Deposits Community Banks Registered a 3.2 Percent Increase…
CFPB: Information Requested on the Impact of CARD Act Regulations on Small Entities and the Consumer Credit Card Market
The Consumer Financial Protection Bureau (Bureau) issued today a request for information (RFI) to examine the impact of the rules that implement the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act Rules). The Bureau is required under Section 610 of the Regulatory Flexibility Act to review certain rules within 10 years of…
Census Bureau: Over 73 Percent of Housing Units Counted So Far in 2020 Census
This week, the U.S. Census Bureau began to release daily 2020 Census housing unit completion rates including the 2020 Census self-response rate and Nonresponse Followup completion rate. Over 73% of housing units have been accounted for in the 2020 Census as of today, with 9.7% counted by census takers and other field data collection operations, and 64.2%…
Census Bureau: Small Business Pulse Survey Phase 2 Weekly Data Released
The U.S. Census Bureau today released new data from the second phase of the experimental Small Business Pulse Survey. Data collection began Aug. 9, 2020. Results will be released weekly starting Aug. 20 through Oct. 15, 2020. The second phase includes questions on the core concepts from the first phase of the survey, as well as…
FHFA: 2021 Release Dates Announced for House Price Index
The Federal Housing Finance Agency (FHFA) today announced the FHFA House Price Index (HPI) will be released at 9 a.m. ET on the following Tuesdays in 2021: January 26: Monthly Index February 23: Quarterly and Montly Index March30: Monthly Index April 27: Monthly Index May 25: Quarterly and Monthly Index June 29: Monthly Index July 27: Monthly…
HUD and Census Bureau: Residential Construction Activity Report for July 2020 Issued
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 July 2020. Building Permits Privately owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,495,000. This is 18.8 percent (±1.1 percent) above the revised…
ABA: New Report Shows Closed-End Loan Delinquencies Rise in First Quarter at Onset of COVID-19
Credit card and HELOC loan delinquencies fall during first three months of 2020 Consumer credit delinquencies rose in the first quarter of 2020 as the onset of the COVID-19 pandemic triggered an abrupt economic slowdown, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies rose in all of the 11…
SBA: Small Business Contracting Goals Exceed $132.9 Billion to Small Businesses, Breaking Records
Women-Owned Contracting Goal Met for the Second Time in Scorecard History; Eight Federal Agencies Receive A+ Rating on FY2019 Small Business Federal Procurement Scorecard Today, the U.S. Small Business Administration announced that the federal government exceeded its small business federal contracting goal, awarding 26.50 percent or $132.9 billion in federal contract dollars to small businesses, over $12…
Census Bureau: Door-to-Door Visits Begin Nationwide for 2020 Census
Census Takers to Follow Up With About 56 Million Households Nationwide This week, the U.S. Census Bureau began following up with households nationwide that have not yet responded to the 2020 Census. Based on the current self-response rate of 63.3%, the Census Bureau estimates it will need to visit about 56 million addresses to collect…