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.
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.
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.
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.