ABA Calls for Revisions to Proposed CRA Guidance
The banking agencies' proposed updates to their Community Reinvestment Act guidance might discourage community development, ABA warned in a comment letter Friday. More Newsbytes
Housing Starts Fell Sharply in April
New homebuilding slowed notably in April, with the pace falling 16.5% from the previous month. The pace of new construction fell to 853,000 annual units, from over one million in March. Housing starts are now at their slowest pace since November of last year. More Economic News.