Archive

Posts Tagged ‘Atlanta’

Distinguished Speaker Line-up Set for Credit Union Congressional Caucus

September 4th, 2015 Comments off

natio_asoc_fed_credit_unio_nafcuThe National Association of Federal Credit Unions (NAFCU) Congressional Caucus is the association’s credit union lobbying event of the year, bringing hundreds of credit union representatives from all across the country to meet with lawmakers and earn about legislation that may affect them and their members.

The Congressional Caucus sponsors include Triad Financial Services, NAFCU Services Corporation, MasterCard, CUNA Mutual Group, FHLBank Atlanta and Geezeo, as cuinsight informs MHProNews.

Speakers for the event, set for Sept. 14-17, 2015 in Washington, include Sen. David Vitter, (D-LA), a member of the Senate Banking Committee and chairman of the Small Business and Entrepreneurship Committee; Rep. James Clyburn (D-SC), assistant democratic leader of the House; Rep. William Lacy Clay, (D-MO) a senior member of the House Financial Services Committee and the ranking member on the Financial Institutions and Consumer Credit Subcommittee; Rep. Krysten Sinema, (D-AZ), a member of the House Financial Services Committee and lead democratic co-sponsor of NAFCU-backed H.R. 2287, the “National Credit Union Administration Budget Transparency Act,” and National Credit Union Administration (NCUA) Director of the Office of Consumer Protection Gail Laster.

In addition speakers will also include Rep. Patrick McHenry, (R-NC), the U.S. House Chief Deputy Majority Whip and vice chairman of the House Financial Services Committee; and Maria Contreras-Sweet, administrator of the Small Business Administration. ##

(Image credit: National Association of Federal Credit Unions)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.matthew-silver-daily-business-news-mhpronews-com

Manufactured Home Component Supplier Expands Credit

March 17th, 2014 Comments off

A distributor of over 10,000 products to a customer base of 11,500, including components for the manufactured housing industry, BlueLinx Holdings, Inc. (BXC) has entered into an amendment for its U. S. revolving credit agreement for an additional $20 million line of credit, according to marketwatch.com. Led by Wells Fargo Bank, MHProNews.com has learned the lending group is offering the funding for up to 180 days. “This amendment to our U.S. revolving credit facility is a testament to the confidence our banking partners have in BlueLinx,” said Mitch Lewis, President and Chief Executive Officer from company headquarters in Atlanta. ##

(Image credit: BlueLinx Holdings, Inc.)

Fed Reports Increased Real Estate Activity

February 29th, 2012 Comments off

Construction Site in Dallas, Eric Miller PhotoReports from the twelve Federal Reserve Districts suggest that overall economic activity continued to increase at a modest to moderate pace in January and early February. The Fed reports manufacturing continued to expand at a steady pace across the nation, with many districts reporting increases in new orders, shipments, or production and several districts indicating gains in capital spending, especially in auto-related industries. Activity in nonfinancial services industries remained stable or increased. Reports of consumer spending were generally positive, except for sales of seasonal items. Residential real estate market conditions improved somewhat in most districts, with several reports of increased home sales and some reports of increased construction. Residential real estate activity increased modestly in most Districts. Boston, Cleveland, Richmond, Atlanta, Kansas City, and Dallas reported growth in home sales, while New York noted steady to slightly softer home sales. Philadelphia reported strong residential real estate activity. In contrast, home sales declined in St. Louis and San Francisco noted that home demand persisted at low levels. Boston, Atlanta, Chicago, Minneapolis, Dallas, and San Francisco reported increased multifamily construction activity. Banking conditions generally improved across the districts. Of the districts reporting on hiring, most indicated a slight increase. Prices of final goods and services were relatively stable in most districts.

(Image Credit: Eric Miller)

S&P Shows Home Prices Still Declining

December 27th, 2011 Comments off

S & P Chart Dec 27Data released today by S&P/Case-Shiller Home Price Indices show decreases of 1.1 percent and 1.2 percent for the 10- and 20-City Composites in October vs. September. Nineteen of the 20 cities covered by the indices also saw home prices decrease over the month. The 10- and 20-City Composites posted annual returns of -3.0 percent and -3.4 percent versus October 2010, respectively. Fourteen of the 20 MSAs and both Composites saw improved annual returns compared to September’s data. Miami saw no change in annual returns in October; while Atlanta, Detroit, Las Vegas, Los Angeles and Minneapolis saw their annual rates worsen. At -11.7 percent Atlanta posted the lowest annual return. Detroit and Washington DC were the only two cities to post positive annual returns of +2.5 percent and +1.3 percent, respectively. “Atlanta and the Midwest are regions that really stand out in terms of recent relative weakness,” says David M. Blitzer, Chairman of the Index Committee at S&P Indices. Atlanta was down 5.0 percent over the month, after having fallen by 5.9 percent in September. It also has the weakest annual return, down 11.7 percent. Chicago, Cleveland, Detroit and Minneapolis all posted monthly declines of 1.0 percent or more in October. These markets were some of the strongest during the spring/summer buying season. However, Detroit is the healthiest when viewed on an annual basis. It is up 2.5 percent versus October 2010. Atlanta, Cleveland, Detroit and Las Vegas are four markets where average prices are below their January 2000 levels; and Atlanta and Las Vegas posted new lows in October.

(Image Credit: S&P/Case-Shiller)

Report: U.S. Home Prices Flat

December 12th, 2011 Comments off

A new report from Clear Capital find that quarter-over-quarter home prices remained flat, posting a slight a 0.3 percent increase, down from the 0.6 percent quarterly increase reported last month. Moreover, quarterly price movements have become more aligned across the four regions within the U.S., with only 2.0 percentage points separating the highest performing region (Midwest at 1.2 percent) and the lowest performing region (West at -0.8 percent). Concerning metro areas, the report found the Atlanta MSA bucked the nationwide trend of stability, posting a -9.7 percent drop in prices quarter-over-quarter. “The overall market stability in this month’s report gives me hope that housing markets are settling after a very turbulent two years,” says Dr. Alex Villacorta, Director of Research and Analytics at Clear Capital. “With only a one percent drop in national home prices since January and virtually no change in prices over the last six months, strong evidence suggests the big swings that many market participants are accustomed to could become a thing of the past.

(Image Credit: Clear Capital)