Consumer prices continued to accelerate in January due to higher food, electricity and housing costs. This was the largest year-over-year gain since February 1982. This higher-than-expected inflation may push the Federal Reserve to become more aggressive and raise the federal funds rate at a faster pace. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose… Read More ›
The Mortgage Bankers Association’s (MBA) latest weekly application surveys show average loan sizes reaching consecutive record highs each week for the latest month, with a record high of $446,000 for the week ending February 4. Accompanying the increase was a similar dramatic rise in the 30-year fixed-rate mortgage rates, reaching 3.83 percent in the latest week. These factors are obstacles… Read More ›
Proposed Changes to Ascension Parish ULDC
Agenda Item (10) Ordinance – Public Hearing to Recommend Approval or Denial to the Parish Council Amendments to the Ascension Parish Unified Land Development Code:
a. Modifications to the Ascension Parish Unified Land Development Code Appendix IV – Subdivision Regulations, Section:
1) 17-2082-B.Fence requirements. {New Section}.
2) 17-405. Preliminary plat procedure.
3) 17-4021. Large Scale Development.
4) 17-4032. Street requirements.
5) 17-4032.B. Access and connectivity. {New Section}.
6) 17-4037. Servitudes: (Utilities and drainage) requirements.
7) 17-4039. Block requirements.
8) 17-4060. Traffic Impact Analysis (TIA) {Replaces ATTACHMENT A – TIA POLICY}.
To provide feedback on proposed changes, please contact Melissa Parmelee, Community and Government Relations.
The Federal Reserve’s latest G.19 Consumer Credit Report states that consumer credit increased 5.9 percent in 2021, with revolving and nonrevolving credit increasing 6.6 percent and 5.7 percent, respectively. During the fourth quarter, consumer credit increased at a seasonally adjusted annual rate of 6.6 percent, while the December monthly increase was 5.1 percent. The year of 2021 ended with $4.4… Read More ›
Supply-chain bottlenecks that put upward pressure on home prices along with rising interest rates contributed to housing affordability falling to a 10-year low. The likelihood of higher interest rates in the months ahead (as the Federal Reserve moves to tighten interest rates) along with ongoing production challenges threaten to drive housing affordability even lower in 2022. According to the National… Read More ›
