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HUD Nominee Pledges Accountability, Transparency
Rep. Marcia Fudge, D-Ohio, appeared before the Senate Banking Committee yesterday and pledged to work with lawmakers to combat homelessness and promote affordable housing opportunities.
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December New Home Sales Post Modest Increase
New home sales rose by 1.6 percent in December—slightly less than consensus expectations, HUD and the Census Bureau reported yesterday.
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4th Quarter GDP Slows after Explosive 3Q Rebound
Gross domestic product increased at an annual rate of 4 percent in the fourth quarter, according to the "advance" estimate released yesterday by the Bureau of Economic Analysis.
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Jobless Claims Show Incremental Improvement
Initial claims for unemployment insurance fell to 847,000 for the week ending Jan. 23, the Labor Department reported yesterday, a reminder that numbers will continue to remain elevated until a comprehensive pandemic response takes hold.