by sslifer | Nov 1, 2021 | Housing, NumberNomics Notes
November 1, 2021 . Construction spending (the green bars above) fell 0.5% in September after declining 0.3% in August. Its now 8.8% higher than in was in September of last year — prior to the recession. In the past 12 months it has risen 11.1%. Private...
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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