17 Sep 2015

Housing Starts Lately Growing Much Faster Than New Home Sales

by | posted in: Economy | 0

Later this morning, August’s housing starts will be released.  In recent months, momentum has picked up.  July was 1.21 million units (at a seasonally adjusted annual rate) – the highest since 1.26 million in October 2007. In non-recessionary periods, it … Continued

3 Nov 2014

Rapid recovery in U.S. home prices probably negating mortgage-rate tailwind

by | posted in: Credit, Economy | 0

Solid improvement in U.S. home prices comes with cost Peak bubble home ownership at 69-percent-plus anomaly not average Price weakness in recent months plus mortgage-rate tailwind unable to seriously ignite sales Leading up to the epic housing bubble in the … Continued