Tag Archives: economic news

Floor Remarks on the CFF and Washington Accountability Act Released by Chairman Hensarling

(Source: Committee on Financial Services) – House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following floor remarks on H.R. 3193, the Consumer Financial Freedom and Washington Accountability Act:

Upcoming LA Community-Development Conference Will Round Up Over 2,000 Professionals

(Source: NeighborWorks America) – A $10 million boost is coming to the Los Angeles economy when more than 2,000 community development professionals from around the country convene in the city for the NeighborWorks Training Institute (NTI) Feb. 24-28. The conference is hosted by NeighborWorks America, a national, Congressionally chartered nonprofit that creates opportunities for people […]

Fannie Mae: Consumer Spending and Labor Market Should Drive Economy in 2014

(Source: Fannie Mae) – Recent data show that the economy and housing market continue to transition to more normal levels of activity and are poised to gather further momentum heading into 2014, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group. In particular, as uncertainty surrounding fiscal and monetary policy wanes, consumer spending and […]

Florida’s Realtors Say That State Housing Market Getting Stronger

(Source: Florida Realtors) – Florida’s residential real estate market will continue its upward trend into 2013, though the pace of recovery may be slower than the U.S. as a whole, according to leading U.S. economists speaking at Florida Realtors® 2013 Real Estate and Economic Forecast Conference Dec. 12 in Orlando.

Memphis Area Association of Realtors Releases November Market Report

(Source: Memphis Area Association of REALTORS) — Memphis-area home sales for November increased 8.5 percent from a year ago, with 1,180 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Total sales decreased 13.9 percent from October. Average sales price year-over-year was up 6.2 percent at $128,339. Inventory declined 4.4 […]

NMHC Reports Increase in Apartment Insurance Costs for Second Consecutive Year

(Source: NMHC) – The cost to insure apartments increased by 9.5 percent between 2011 and 2012, marking the second consecutive year of rising insurance expenditures according to the National Multi Housing Council’s (NMHC) Apartment Cost of Risk Survey (ACORS). The survey covers data from more than one million apartment units, the largest number of units […]

MBA Reports That Multifamily Mortgage Debt Rises in Fourth Quarter

(Source: MBA) – The level of commercial/multifamily mortgage debt outstanding increased by $6.6 billion, or 0.3 percent, in the third quarter of 2012, as three of the four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA).   

Senator Murray Gives Statement on the Recent Decline of Homelessness

(Source: Senator Patty Murray) – U.S. Senator Patty Murray, Chairman of the Senate Veterans’ Affairs Committee and the Senate Appropriations Subcommittee on Transportation, Housing, and Urban Development (THUD), made the following statement after the U.S. Department of Housing and Urban Development, in conjunction with the U.S. Department of Veterans Affairs, released the 2012 Annual Homelessness […]

FEMA Advises New Jersey Seniors Their Not Going to Lose Their Benefits When Getting Disaster Aid

(Source: FEMA) – Seniors who suffered losses when hurricane Sandy pummeled New Jersey don’t have to worry about being hit a second time if they receive disaster funds. FEMA disaster assistance is not counted as income, is not taxed, and has no effect on Social Security or other government benefits.

Homelessness Falls in 2012

(Source: HUD) – On a single night last January, 633,782 people were homeless in the United States, largely unchanged from the year before.  In releasing HUD’s latest national estimate of homelessness, U.S. Housing and Urban Development Secretary Shaun Donovan cited as hopeful that even during a historic housing and economic downturn, local communities are reporting […]

Bank of America Invests $20 Million for Hurricane Sandy Rebuilding Recovery

(Source: Bank of America) – Bank of America today committed $20 million in new funding for 13 Community Development Financial Institutions (CDFIs) to provide financing for small businesses and residents affected by Hurricane Sandy. CDFIs are private sector financial institutions that finance affordable housing, small businesses, community facilities, and economic revitalization programs.

Nearly $5.5 Million Awarded to Help Iowa Families Obtain Affordable Housing Opportunities

(Source: Iowa Finance Authority ) – The Iowa Finance Authority Board of Directors recently approved a total of more than $5.4 million in grants to 25 Local Housing Trust Funds to move local affordable housing projects forward. The grants will aid in the development and preservation of nearly 2,000 affordable housing units throughout the state.