by sslifer | May 1, 2020 | Housing, NumberNomics Notes
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...
by sslifer | Apr 30, 2020 | Housing, NumberNomics Notes
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...
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...
by sslifer | Nov 26, 2019 | Housing, Interest Rates, NumberNomics Notes
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...
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