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Home | Tag Archives: Housing Starts

Tag Archives: Housing Starts

Housing, Economy Stuck in Catch 22

HandGrabbingHouse

Delinquency and foreclosure rates also were much improved. According to Trulia and Black Knight, the national delinquency and foreclosure rate was 74 percent back to normal in August—the same as one quarter ago and up from 56 percent one year ago. Trulia's chief economist, Jed Kolko, said that with the share of mortgage borrowers with negative or near-negative equity dropping, the default rate should continue to drop.

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Federal Reserve: Housing Mirrors Modest Economy Growth

saving-money

Growth was described as "modest" in the New York, Cleveland, Chicago, Minneapolis, Dallas, and San Francisco districts, while Philadelphia, Atlanta, St. Louis, and Kansas City reported “modest” growth. Looking ahead, contacts in about half of the districts "generally remained optimistic about future growth," while most of the other districts saw ongoing optimism in specific sectors.

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Freddie Mac Scales Back Expectations for 2014

Despite a disappointing first quarter and a mediocre second quarter, Freddie Mac still expects the economy to improve throughout the second half of 2014. The company is, however, tempering its New Year's optimism. In its June U.S. Economic and Housing Market Outlook, Freddie offers a mid-year assessment that sees more humble growth in gross domestic product that mirrors the 2 to 2.5 percent growth that the economy has seen the past few years.

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Survey: Economists Trim Forecast for Housing Starts

Economists are lowering their expectations for housing starts in 2014, according to a survey performed by the Wall Street Journal. The Journal notes their diminishing optimism is among the most noticeable trend in monthly surveys of economic forecasters in the first half of 2014.

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Multifamily Construction Fuels Housing Starts

According to the Commerce Department and HUD, privately owned housing starts last month were at an estimated seasonally adjusted annual rate of 1.07 million, representing a 13.2 percent jump from March’s barely revised pace of 947,000. Unfortunately for the supply-constrained single-family market, most of that spike came in apartment buildings, which were started at a rate of 413,000—a leap up from March.

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Case-Shiller Index: Home Prices Increase in Q4 2013

CoreLogic released Tuesday its own quarterly Case-Shiller Indexes, assembled using the company’s proprietary data supplemented with statistics from the Federal Housing Finance Agency (FHFA). With 2014 nearing its halfway point, a broad spectrum look at more than 380 markets nationwide confirms home prices jumped 11.3 percent in 2013’s final quarter compared to the year prior.

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Fed Could Spur Slumping Mortgage Rates

Freddie Mac's weekly Primary Mortgage Market Survey, released Thursday, showed the 30-year fixed-rate mortgage (FRM) averaging 4.32 percent (0.6 point) for the week ending March 20, down from last week, when it averaged 4.37 percent. A year ago, the 30-year FRM average was 3.54 percent.

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