by sslifer | Feb 1, 2023 | Housing, NumberNomics Notes
February 1, 2023 . Construction spending (the green bars above) fell 0.4% in December after having risen 0.5% in November and being unchanged in October. In the past 12 months it has risen 7.7%. As indicated below, spending on the construction of single-family...
by sslifer | Aug 4, 2022 | Housing, NumberNomics Notes
August 4, 2022 Home ownership rose 0.4% in the second quarter to 65.8 after having declined 0.1% in the first quarter. Homeownership had been rising gradually for several years before the pandemic hit. It jumped 2.6% in the second quarter of 2020 to 67.9, but has...
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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