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Federal reserve data shows 177 billion flowed out of smaller banks from february to march while all banks in the nation saw deposits fall about 22%. we see money leave banks before big events like the bank failure. this is a huge drop and concerning experts. higher interest rates, government spending as well as inflation stressed the poorly-run banks. fdic in a couple of hours will release options they have now to reform or change the deposit insurance to add more confidence in the system. there is a lot of concern in the government about this. >> harris: when you say 21.8% a drop in deposits,...

New doors. >> reporter: this general contractor is now dealing with very different numbers. >> we're looking at 120-to-$1 theft,000 more so we would be at $770 to 750 now taking it apart. >> reporter: according to data from the bureau of labor statistics, inflation for construction materials have increased more than 23% in the 12 months since march of 2021. metal product, 36%. lumber, 21.8%. plastic 35.2%. >> this plywood, it used to be like 20 $25. now you pay almost $50. >> reporter: these price hikes are impacting new construction and existing homes. >> if the cost of producing housing goes...

2021, and metal products 36%, and lumber 21.8%, and plastic is 35.2%. >> this plywood used to be like, 20, $25, and now you are paying almost $50. >> reporter: these price hikes are impacting new construction and existing homes. >> if the cost of producing housing goes up, in order for the housing production to be profitable, you have to charge higher rent or else you will lose money, and this is an important source of where the inflation efforts are coming from. >> richard green, an economist, and expert on housing markets believes that the house prices will fall next year, and thinks that re...

Captain amy bauernschmidt. >> we have a ship of 4,000 sailors right now. average age is 21.8 years old. i want to get up each day and make sure they have all of the training and resources they need. >> captain, united states navy, arriving. >> reporter: she took command last august and is now bound for the western pacific at a time of rising tensions with china. it's a breakthrough for women in the military, a moment bauernschmidt has been preparing for since she graduated from the naval academy in 1994, the year congress repealed the law barring women from combat. >> that law absolutely chang...

As john maguire explains. taunton is the county town of somerset. it finds itself right at the top of the charts when it comes to increases in house prices over the last year. 21.8%, that makes it the biggest increase in the country. the national average is around 6%. so, an average house here, £300,000, has gone up by £55,000 over the past 12 months. why, is the big question. sarah—jane bingham—check is from savilis. what is going on here? hello, yes. pre—covid, devon and cornwall was very much the destination for the west country. and we've seen covid has taught us to re—evaluate o...