Tag: Housing economics

Single-Family Starts Continue Modest Improvement

Filed in Economics by on August 16, 2019 0 Comments
Single-Family Starts Continue Modest Improvement

Due to a decline in multifamily production, total housing starts fell 4% in July to a seasonally adjusted annual rate of 1.19 million units. While single-family starts increased 1.3%, multifamily starts fell 16.2%.

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2 Key Factors Driving Single-Family Housing

Filed in Economics by on July 22, 2019 1 Comment
2 Key Factors Driving Single-Family Housing

Job growth and lower mortgage rates are two positive economic variables that will support near-term growth for single-family construction.

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Fed’s Patience Continues as Labor Market Tightens

Filed in Economics by on May 9, 2019 0 Comments
Fed’s Patience Continues as Labor Market Tightens

Housing has generally underperformed thus far in 2019. Lagging housing construction is clearly connected to housing affordability declines stemming from the combination of interest rate effects and years of home price growth outpacing income growth.

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Lower Mortgage Rates Bolster Market Activity

Filed in Economics, Housing Finance by on April 3, 2019 0 Comments
Lower Mortgage Rates Bolster Market Activity

Mortgage rates dropped for the third straight month in February, with the 30-year fixed-rate mortgage (FRM) commitment rate decreasing to 4.37% from 4.46% in January. As a result, lending interest has increased, as more borrowers are likely to be eligible.

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Home Price Appreciation Slows in November

Filed in Economics by on January 29, 2019 0 Comments
Home Price Appreciation Slows in November

Home appreciation increased by 5.2% in November, down from 5.3% the previous month, according to the latest S&P CoreLogic Case-Shiller National Home Price Index released today.

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Fed Hints at Wait-and-See Approach to 2019 Interest Rates

Filed in Economics by on December 14, 2018 0 Comments
Fed Hints at Wait-and-See Approach to 2019 Interest Rates

Federal Reserve officials recently signaled a more data-dependent approach to monetary policy in 2019. NAHB economists forecast a more dovish path for the federal funds rate than many others had predicted earlier this year.

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