Sales of new single-family houses in January were at a seasonally-adjusted annual rate of 587,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The January figure was 17.6% below the December rate of 712,000, and is 11.3% below the January 2025 rate of 662,000.
The median sales price of new houses sold in January was $400,500, which was 4.5% below the December price of $419,200, and 6.8% below the January 2025 price of $429,600.
The Federal Reserve has hired an external firm to conduct a review of the Silicon Valley Bank failure, Fed Vice Chair for Supervision Michelle Bowman said.
The White House released a national policy framework that calls on Congress to take several actions to support the safe deployment of artificial intelligence, including supporting law enforcement efforts to fight fraud and scams and passing federal legislation...
ABA expressed support for the FCC’s decision to schedule a vote on March 26 on whether it should issue a notice of proposed rulemaking that would strengthen the agency’s numbering policies to combat illegal calls.
FinCEN released an FAQ on a geographic targeting order targeting multiple counties and ZIP codes in four states along the Southwest U.S. border.
The rate for a 30-year fixed-rate mortgage was 6.22% this week. The rate for a 15-year fixed-rate mortgage was 5.54%.
The FDIC board rescinded a 2009 policy that prevented private equity firms and other nonbanks from bidding on failed banks.
