After the Senate approved the final version of the bill early Wednesday morning, the House of Representatives passed the GOP tax bill for a second time this afternoon. The House had passed the bill on Tuesday, but a revote was ordered after the Senate parliamentarian ruled provisions in the Republican bill violated its Byrd Rule.
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Fastest-Growing States, Idaho Leads the Way
According to newly-released data from the U.S. Census Bureau, Idaho is the fastest-growing state in the country, depicting a 2.2 percent population increase to 1.7 million from July 1, 2016 to July 1, 2017. Nevada follows the Gem State with an increase of 2 percent, Utah with 1.9 percent, Washington with 1.7 percent and Florida with 1.6 percent.
$10 Million Affordable Housing Challenge
As homeless populations soar, housing inventory drops 10.5 percent in Q3 2017 compared to the same time last year, and home prices continuing to rise, the demand for affordable housing in the U.S. is evident.
The Fight for Women at Art Basel
With a busy schedule you’d need a guidebook to navigate, I never have enough time in the day to connect with everyone I want to. Oftentimes, by the time I remember that I wanted to call a colleague with a quick thought, it’s two in the morning and my puppies are crying for me to come to bed. Once in a while, though, I see something that is riveting.
High School Completion Rate Rises to Highest in U.S. History
According to new Educational Attainment data released today by the Census Bureau, the high school completion rate in the U.S. has reached its highest level in history. Today, 90 percent of the U.S. population age 25 and older has completed high school. These figures represent significant shift from 1940 when 76 percent of the population age 25 and older had not earned a high school diploma.
42 Percent of Women have Faced Job Discrimination
According to new data from the Pew Research Center, about 4 in 10 women in the United States have experienced job discrimination. The research center’s survey found that women’s treatment in the workplace is disparate, varying from earning less for the same job to not being recognized for their professional contributions. Women in the United States are twice as likely (42 vs. 22 percent) as men to report experiencing at least one of the eight specific forms of gender discrimination identified by the Pew Research Center.
The Fed Increases Interest Rates for Third Time in 2017
The Federal Reserve has raised the federal funds rate for the third time this year, from 1.25 to 1.5 percent. The rate hike is principally based on the expectation from the Fed that the economy will improve next year, and additional rate hikes are expected in 2018.
Small Business Optimism Highest Since 1983
According to the NFIB Small Business Optimism Index, small business optimism reached a level of 107.5 in November 2017, a hike from 103.8 a month before and a level that hasn’t been reached since 1983. Moreover, eight of the 10 components NFIB measures as part of the index also increased; notably, “Expected Better Business Conditions” had a 16-point gain, and “Sales Expectations” rose by 13 points.
Fannie and Freddie Freeze Evictions for the Holidays
Fannie Mae and Freddie Mac have both announced holiday eviction moratoriums, meaning that the entities will enact a hold on evictions during the holiday season. For Fannie, the suspension of evictions applies to single-family and 2-4 unit properties from December 18, 2017 through January 2, 2018. At Freddie, the suspension of eviction lock-outs will span the same time period as Fannie and apply to all foreclosed, occupied homes the company owns.
Women’s Homeownership: Dream, Stability, Sanctuary
On December 2, 2017, NAWRB held its event, Women’s Homeownership: Dream, Stability, Sanctuary, revealing impacting women’s homeownership deliverables and top emerging markets in the housing ecosystem with expert speakers Desirée Patno, CEO and President, NAWRB; Hope Atuel, Executive Director, AREAA; Yolanda Lujan, Vice President, Chief Business Officer, NeighborWorks OC; Vanessa Montanez, Regional Vice President of Business Development, On Q Financial; and Hyepin Christine Im, Founder, FACE/KCCD.