U.S. Economic News
October 23, 2019
U.S. Economic Indicators
The FHFA House Price Index shows that U.S. house prices edged up 0.2% in August and were up 4.6% from year-ago levels. Year-over-year house price changes were positive in all nine census divisions. FHFA Report
U.S. News
The Wall Street Journal reports that policymakers in Oregon are experimenting with new zoning laws in an effort to tackle the affordable housing crisis, part of a growing trend of U.S. states attempting to alleviate housing shortages by liberalizing zoning laws. Oregon cities of a certain size will be required to allow multi-unit residential buildings in neighborhoods of single-family homes, with the intention of spurring new construction and increasing the total number of available housing units. WSJ