Newsbytes

Builder Confidence Reaches 12-Year High in March

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 71 in March, a six point increase from February’s reading of 65. “Builders are buoyed by President Trump’s actions on regulatory reform, particularly his recent executive order to rescind or revise the waters of the U.S. rule that impacts permitting,” said NAHB Chairman Granger MacDonald, a home builder ...

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Retail Sales Rose in February

There were $474.0 billion in retail and food service sales in February, up 0.1% from the previous month and 5.7% from February 2016, according to the U.S. Census Bureau. Core retail sales – excluding automobiles and parts – increased 0.2% after rising by 1.2% in January. Year-over-year core sales increased 5.7%. Retail trade sales increased 0.1% from January and are ...

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CPI Increased 0.1% in February

The Consumer Price Index increased 0.1% in February on a seasonally adjusted basis. Over the last 12 months, the all-items index rose 2.7%. Prices for all items less food and energy, the “core CPI,” increased 0.2% in February, down slightly from January. The index rose 2.2% for the 12 months ending in February. The food index increased 0.2% its largest ...

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ABA, Groups Urge No Cuts to CDFI Fund

ABA, joined by the Independent Community Bankers of America, Community Development Bankers Association and National Bankers Association, today urged congressional leaders to maintain strong funding levels for the Community Development Financial Institutions Fund and its Bank Enterprise Award program in the remainder of fiscal year 2017 as well as FY 2018.

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Producer Prices Increased 0.3% in February

Producer prices rose 0.3% in February, seasonally adjusted, after climbing 0.6% in January, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.2% for the twelve months ended February 2017, which is the largest increase since the twelve months ended March 2012. The index for final demand goods rose 0.3% in February. The increase was led by a ...

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Small Business Optimism Remained Strong in February

The NFIB Small Business Optimism Index decreased 0.6 points in February to 105.3, maintaining the high level of post-election optimism. Three of the ten index components rose, while six declined. All of the index components have held near record highs since the remarkable increases after the election. Reported job creation has improved, as 52% of businesses reported hiring or trying ...

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