Construction Spending

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...

Homeownership Rates

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...

Mortgage Rate

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...

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...