FinCEN Says Companies Do Not Have to File Beneficial Ownership Reports – For Now
The Financial Crimes Enforcement Network (FinCEN), which oversees the implementation of the Corporate Transparency Act (CTA), issued a statement today that says:
“In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports.”
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Focus on Jobsite Plans During National Safety MonthJoin NAHB and its official safety sponsor, Builders Mutual, in recognizing June as National Safety Month, an annual observance to promote hazard awareness in residential construction and to help keep workers safe.
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Builders Call Attention to ‘Silver Tsunami’ Supply Constraints During Homeownership MonthAs the residential construction industry celebrates National Homeownership Month in June, a recent NAHB analysis found that fewer older home owners are choosing to transition out of their homes or downsize, a trend known as the “silver tsunami.” This shift is limiting the expected wave of housing stock released, affecting the availability of homes for new buyers. A majority (79%) of the members of the Boomer and Silent generation, U.S. adults 65 years or older, are home owners and currently own more than a third (34%) of owner-occupied housing units in the U.S.
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New Home vs. Existing Home Prices in Q1 2026In the first quarter of 2026, the median price for a new single-family home was $403,200, which was $1,400 lower than the median price of an existing home, which stood at $404,600.
Economics
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Lowest Saving Rate Since June 2022Personal income was essentially unchanged in April 2026, following a 0.5% gain in March, according to the latest data from the Bureau of Economic Analysis. On a year-over-year basis, personal income was 2.5% higher than in April 2025.