New Housing Data Will Not be Available During Government Shutdown

Filed in Capitol Hill, Economics by on December 27, 2018 0 Comments

business graph of rising numbersThe federal agencies that release new data reports – including HUD, the Commerce Department and the Census Bureau – will not provide updates during the government shutdown.

This morning the Census Bureau was scheduled to release new home sales data, but a message on its website announced that “Due to a lapse in federal funding this website is not being updated.” Other agency websites posted similar messages.

Today marks the sixth day of the partial government shutdown, which impacts several federal departments, including HUD, Agriculture, Commerce, Justice, Homeland Security, Interior, State, Transportation and Treasury.

We previously reported how the shutdown could affect the housing industry, and yesterday FEMA notified insurers and insurance agents that they cannot sell or renew flood insurance policies backed by the National Flood Insurance Program because of a lack of government funding. NAHB is working with federal lawmakers to get more information and to attempt to resolve this issue.

 

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