MBA Advocacy Update
On Monday at MBA’s Annual Convention and Expo in Austin, Texas, HUD Secretary Ben Carson revealed that HUD and the DOJ issued a Memorandum of Understanding that establishes guidelines on how the agencies will use the False Claims Act to enforce potential violations of FHA requirements.
Employers Add 128,000 Jobs in October
Total nonfarm payroll employment rose by 128,000 in October, while the unemployment rate rose slightly to 3.6 percent, the Bureau of Labor Statistics reported Friday.
MBA Chart of the Week: Changes in Population By Age Group
Housing demand in the U.S. is expected to grow considerably over the next decade, as the large Baby Boomer cohort grows into age groups formerly held by the Silent Generation, and Millennials mature into age ranges formerly populated by the smaller Generation X. In each of the past two years, these trends have helped add a net 1.6 million households.
