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.”
Latest from NAHBNow
Sustainability and Green Building
Jul 08, 2026
Enhance Your Next Land Development Project with the NGBSThe newly released ICC 700-2025 National Green Building Standard (NGBS) defines the benchmark for sustainable residential construction, renovation and land development. Not only does it provide best practices for the design, planning, construction and certification of land development projects, it also evaluates community design, infrastructure and environmental preservation independent of the actual buildings constructed.
Economics
Jul 08, 2026
Where Is Home Building Employment Most Concentrated?Despite nationwide job losses, residential construction remains a significant source of local employment in many markets, particularly in rural areas.
Latest Economic News
Economics
Jul 08, 2026
Mortgage Activity Flat in June, ARM Share DecreasesMortgage applications stalled in June as higher mortgage rates dampened market activity. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, stayed relatively unchanged with a marginal decrease of 0.3% month-over-month on a seasonally adjusted basis.
Economics
Jul 08, 2026
Characteristics of Homes in Age-Restricted CommunitiesIn 2025, approximately 47,000 homes were built in age-restricted communities, representing 3.45% of all housing starts. According to the Census Bureau’s Survey of Construction, roughly two-thirds of these homes (30,000) were single-family units, while the remaining 17,000 were multifamily units.
Economics
Jul 07, 2026
Residential Construction Employment Concentrated in Rural and Smaller-Market CountiesResidential construction employment continued to soften in recent months, reflecting elevated interest rates, ongoing affordability challenges, and slower home building activity.