Construction Spending

May 1, 2020 . Construction spending (the green bars above) rose 0.9% in March after having declined 2.5% in February.  But none of this matters much.  Construction is going to collapse in the months ahead as economic activity has come to a standstill following the...

Homeownership Rates

April 30, 2020 Home ownership rose 0.2% in the first quarter of this year to 65.3%/  It hit a low of 62.9% in the second quarter of 2016 but has risen considerably in the past 3 years. The upswing in home ownership in the past two years  has been most pronounced...

Mortgage Loans

March 6, 2020 Real estate loans rose at a 4.1% annual rate in April.  That apparent strength reflects strength in home sales earlier in the year.  However the Consumer Financial Protection Agency reported that mortgage loan inquiries fell 27% in March so mortgage...

Mortgage Rate

November 26, 2019 Right after the election in November 2016 mortgage rates  jumped quickly from 3.5% to 4.2% as market participants believed that President Trump’s proposed individual and corporate income tax cuts.  repatriation of corporate earnings currently...