Census Bureau: Findings for 2017 Income, Poverty and Health Insurance Online News Conference on September 12th
What: The U.S. Census Bureau will hold an online news conference to announce the findings from three reports: Income and Poverty in the United States: 2017, Health Insurance Coverage in the United States: 2017, and The Supplemental Poverty Measure: 2017. The income and poverty report provides national-level statistics from the Current Population Survey Annual Social…
Census Bureau: Webinar on Release of 2017 American Community Survey Statistics on September 6th
When: The U.S. Census Bureau will hold a webinar on Sept. 6 from 1-2 p.m. in advance of the Sept. 13 release of the 2017 American Community Survey statistics. The webinar will show participants how to access new data and online resources from the 2017 American Community Survey. Attendees will also learn about changes related…
HUD and Census Bureau: New Residential Sales Report for July 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 July 2018: New Home Sales Sales of new single-family houses in July 2018 were at a seasonally adjusted annual rate of 627,000. This is 1.7 percent (±14.7 percent)* below the revised June…
FHFA: U.S. House Prices Rise 1.1 Percent in Second Quarter 2018
U.S. house prices rose 1.1 percent in the second quarter of 2018 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.5 percent from the second quarter of 2017 to the second quarter of 2018. FHFA’s seasonally adjusted monthly index for June was up 0.2 percent from May. The…
Federal Reserve: FEDS Notes | The Branch Puzzle: Why Are There Still Bank Branches?
Elliot Anenberg, Andrew C. Chang, Serafin Grundl, Kevin B. Moore, and Richard Windle* We provide evidence that the persistence of the large number of local bank branches across the country may be due to the fact that both depositors and small businesses continue to value local bank branches. Read the Full Article.
HUD and Census Bureau: Residential Construction Activity Report for July 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 July 2018. Building Permits: Privately owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,311,000. This is 1.5 percent (±1.3 percent) above the revised…
FHFA: Fannie Mae and Freddie Mac Refinance Volume Down in Second Quarter 2018
The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac completed 299,466 refinances in the second quarter of 2018, compared with 356,002 in the first quarter. FHFA’s second quarter Refinance Report also shows that 2,973 loans were refinanced through the Home Affordable Refinance Program (HARP), bringing the total number of HARP…
Federal Reserve: FEDS Notes | Are Income and Credit Scores Highly Correlated?
Are Income and Credit Scores Highly Correlated? Rachael Beer, Felicia Ionescu, and Geng Li1 1. Introduction Credit scores, a numerical indicator constructed to predict borrowers’ credit risk, represent a crucial element of a person’s financial life and are used extensively in loan underwriting and pricing. On average, consumers with higher credit scores tend to have…
Census Bureau: Computer and Internet Use in the United States
The report titled “Computer and Internet Use in the United States: 2016” looks at access to computers and broadband internet subscriptions nationwide. Differences can be seen by demographic, social and geographic characteristics across the digital divide between those who have and those who lack access to computers and the internet. This report examines key trends…
CDFI Fund: Application Demand for 2018 Round of NMTC Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received a total of 214 applications under the 2018 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development…