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This is a news feed as provided by the Philadelphia Federal reserve. They deal with many local economic issues which includes housing trends and mortgage rates. Please bookmark this link to stay up to date with the latest Philadelphia economic indicators.

  • The Spring 2017 Issue of Cascade Is Now Available
    on March 22, 2017 at 3:00 pm

    The latest issue of focuses rental housing affordability and a new data tool, the impact of expiring federal subsidies on rental affordability, and a nonprofit investment vehicle to preserve affordable rental housing.

  • Nonmanufacturing Activity Continued To Expand in March
    on March 21, 2017 at 12:30 pm

    March 21, 2017 — Business activity in the region continued to expand in March, according to the firms responding to this month’s Nonmanufacturing Business Outlook Survey. The diffusion index for general activity at the firm level edged down, from 38.0 in February to 32.5 in March. Firms remained optimistic about future activity over the next six months.

  • Read Our Latest Economic Insights
    on March 6, 2017 at 6:00 pm

    March 6, 2017 — What drives patterns and anomalies in urban development? Was the Great Recession-era fiscal stimulus well spent? Is there evidence that new rules could cause small banks to lose market share to credit unions?

  • Banking Brief Released
    on February 24, 2017 at 4:00 pm

    February 24, 2017 — The Fourth Quarter 2016 Banking Brief, which analyzes recent trends and compares the performance of banks in Pennsylvania, New Jersey, Delaware, and the nation, has been released.

  • Nonmanufacturing Activity Continued To Expand in February
    on February 21, 2017 at 1:30 pm

    February 21, 2017 — Business activity in the region continued to expand in February, according to the firms responding to this month’s Nonmanufacturing Business Outlook Survey. The diffusion index for general activity at the firm level rose from a reading of 33.3 in January to 38.0 in February. Firms remained optimistic about future activity over the next six months.

  • Bank Appoints Comcast Senior VP to Economic and Community Advisory Council
    on February 16, 2017 at 6:30 pm

    February 16, 2017 — The Federal Reserve Bank of Philadelphia has appointed Devesh Raj, senior vice president of strategic and financial planning for Comcast Corporation, to its Economic and Community Advisory Council.

  • President Harker: Regulation Is Key to Safeguarding Fintech, Consumers
    on February 6, 2017 at 9:30 pm

    February 6, 2017 — Some form of regulation is in the interest of the evolving fintech industry, Federal Reserve Bank of Philadelphia President Patrick T. Harker said in remarks at the Global Interdependence Center’s Payment Systems in the Internet Age conference.

  • The Pace of Growth for Regional Nonmanufacturing Industries Rose in January
    on January 24, 2017 at 1:30 pm

    January 24, 2017 — Business activity in the region expanded at a faster pace in January compared with December, according to the firms responding to this month’s Nonmanufacturing Business Outlook Survey. The diffusion index for general activity at the firm level rose from a revised reading of 26.1 in December to 33.3 in January. Firms expressed a high degree of optimism about activity over the next six months.

  • Philadelphia Fed’s Harker: New Jersey’s Economy Shows Significant Progress Despite Slow Recovery
    on January 20, 2017 at 2:00 pm

    January 20, 2017 — While New Jersey’s economy has made significant progress since the recession, the state faces “different issues than other states” that impact the recovery of its housing and labor markets, Federal Reserve Bank of Philadelphia President Patrick T. Harker said today in remarks at the New Jersey Bankers Association’s annual Economic Leadership Forum.

  • Nonmanufacturing Data Revisions Released
    on January 17, 2017 at 1:30 pm

    January 17, 2017 — The Bank has released the annual revisions to the historical data that are generated by the Nonmanufacturing Business Outlook Survey, which asks nonmanufacturing executives in the Third District about business activity in their firms every month. In January of each year, the Bank revises the data after calculating new seasonal adjustment factors.

  • President Harker: Philadelphia Fed Aims to Make Sure Economic Growth Is Inclusive
    on January 13, 2017 at 2:30 pm

    January 13, 2017 — Barriers to economic mobility prevent many low-income children from reaching their potential, Federal Reserve Bank of Philadelphia President Patrick T. Harker said today in remarks delivered at the Ben Franklin Birthday Celebration. President Harker said that understanding these barriers is integral to fostering growth across demographics.

  • Fed’s Harker: Key Indicators Signal a Robust U.S. Economy
    on January 12, 2017 at 1:30 pm

    January 12, 2017 — Inflation, GDP growth, and the labor market are “displaying considerable strength” and indicate a robust American economy, Federal Reserve Bank of Philadelphia President Patrick T. Harker said today in remarks to the Main Line Chamber of Commerce.

  • GDPplus Updated
    on December 22, 2016 at 7:00 pm

    December 22, 2016 — The Federal Reserve Bank of Philadelphia's Real-Time Data Research Center has updated GDPplus for the U.S. Bureau of Economic Analysis's release today of quarterly data from the national income and product accounts.

  • Philadelphia Fed Announces Bank Promotions
    on December 21, 2016 at 4:00 pm

    December 21, 2016 — The Philadelphia Fed has announced eleven promotions and appointments, including Michael Dotsey to executive vice president and director of the Research Department and director of the new Consumer Finance Institute; Patricia Wilson to senior vice president, chief of staff, and corporate secretary; Bob Hunt to senior vice president and director of the Payment Cards Center and associate director of the Consumer Finance Institute; and Keith Sill to senior vice president of the Research Department.

  • The Pace of Growth for Regional Nonmanufacturing Industries Rose in December
    on December 20, 2016 at 1:30 pm

    December 20, 2016 — The pace of growth for regional nonmanufacturing activity rose in December, according to the firms responding to this month’s Nonmanufacturing Business Outlook Survey. The diffusion index for current activity at the firm level increased from 15.6 in November to 30.4 in December. Firms are highly optimistic about growth over the next six months.

  • Third Quarter 2016 Banking Brief Released
    on December 19, 2016 at 4:00 pm

    The Third Quarter 2016 Banking Brief, which analyzes recent trends and compares the performance of banks in Pennsylvania, New Jersey, Delaware, and the nation, has been released.

  • Philadelphia Fed Research Measures Impact of Gentrification on Low-Cost Housing Stock
    on December 19, 2016 at 1:00 pm

    December 19, 2016 — How large of an impact does gentrification have on a neighborhood’s inventory of low-cost rental housing? Researchers in our Community Development Studies & Education Department found that Philadelphia’s gentrifying neighborhoods have lost low-cost rental units at more than five times the rate of nongentrifying neighborhoods.

  • Manufacturing Activity Picked Up in December
    on December 15, 2016 at 12:30 pm

    December 15, 2016 — Manufacturing activity in the region picked up in December, according to firms responding to this month’s Manufacturing Business Outlook Survey. The index for current manufacturing activity increased from a reading of 7.6 in November to 21.5 this month.

  • The Winter 2016 Issue of Cascade Is Now Available
    on December 13, 2016 at 3:00 pm

    The latest issue of explores community development capital, resident engagement, anchor institutions, intentional integration in Philadelphia's Mt. Airy neighborhood, building savings and wealth, immigrant integration and economic development, and workforce development.

  • GDPplus Updated
    on November 29, 2016 at 7:00 pm

    November 29, 2016 — The Federal Reserve Bank of Philadelphia's Real-Time Data Research Center has updated GDPplus for the U.S. Bureau of Economic Analysis's release today of quarterly data from the national income and product accounts.