Tag: Federal Reserve

Fed Chair: Home Builders Feel Like They’ve Been Hit by a ‘Perfect Storm’

Filed in Affordability, Capitol Hill by on July 11, 2019 9 Comments
Fed Chair: Home Builders Feel Like They’ve Been Hit by a ‘Perfect Storm’

Federal Reserve Chairman Jerome M. Powell told the Senate Banking Committee today that the nation’s home builders are facing several supply-side challenges that are hindering housing affordability and “feel almost like they have been hit with a perfect storm here.”

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Fed Action Bodes Well for Mortgage Rates

Filed in Economics, Housing Finance by on March 25, 2019 0 Comments
Fed Action Bodes Well for Mortgage Rates

The Federal Reserve’s decision last week to hold short-term interest rates steady, along with two other key announcements by the central bank, should reduce upward pressure on mortgage interest rates for the foreseeable future.

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Fed Holds Interest Rates Steady; What Does This Mean for Housing?

Filed in Economics by on January 30, 2019 1 Comment
Fed Holds Interest Rates Steady; What Does This Mean for Housing?

The Federal Reserve ended its two-day meeting of its policymaking committee by announcing it would hold short-term interest rates steady and signaling that it will carefully evaluate future economic conditions before considering another rate hike. NAHB Chief Economist Robert Dietz provides an analysis of the Fed’s decision and the possible impact on the housing market.

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Fed Raises Interest Rates

Filed in Economics by on December 15, 2016 0 Comments
Fed Raises Interest Rates

For just the second time since the Great Recession, the Federal Reserve increased its target for the federal funds rate by 25 basis points. While still low, rates are likely to continue a gradual ascent in the years ahead. The current outlook is for three additional rate hikes in 2017.

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How’m I doin?

Filed in Economics, Homeownership by on June 16, 2015 0 Comments
How’m I doin?

While “how’m I doin?” was the catchphrase of Ed Koch, the late former mayor of New York City, a similar question was posed to home owners and renters in a recent Federal Reserve survey.

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