by sslifer | Aug 2, 2021 | Housing, NumberNomics Notes
August 2, 2021 . Construction spending (the green bars above) rose 0.1% in June after having declined 0.3% in May. This series has been rising steadily since the recession ended in April of last year and is now well above to its pre-recession pace. Indeed. it is now...
by sslifer | Feb 15, 2021 | Housing, NumberNomics Notes
February 15, 2021 Home ownership declined 1.6 points in the fourth quarter to 65.8 after having declined 0.5% in the third quarter after rising 2.6% in the second quarter. Homeownership had been rising gradually for several years before the pandemic hit. It jumped...
by sslifer | Feb 3, 2021 | Housing, Interest Rates, NumberNomics Notes
February 3, 2021 Once the recession began in December 2007 the Fed tried to stimulate the economy and ultimately pushed the funds rate almost to 0%. It remained at that record low level until December 2015 .Right after the election in November 2016 mortgage rates...
by sslifer | Mar 6, 2020 | Housing, NumberNomics Notes
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...
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