Tag Archives: Housing Market

Forecast for the Week: US economic growth is front and center with 3rd Quarter GDP hitting the wires

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As you can see, what the Fed says about the economy and inflation can have a big impact on rates and the financial markets. This coming week may be another exciting and potentially volatile one as the Fed will see one of the more important economic reports of the month… Read more »

Last Week in Review: The Fed hiked its benchmark rate, while data on New Home Sales, GDP and inflation made headlines

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August New Home Sales rose 3.5 percent from July to an annual rate of 629,000, per the Commerce Department. However, July’s sales figure was revised lower to 608,000 from the 627,000 originally reported. Sales rose sharply in the Northeast, increased in the Midwest and West, and fell in the South…. Read more »

Forecast for the Week: News on housing, inflation and GDP highlight a packed economic calendar

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The Fed meeting could take center stage amidst a full week of economic reports. • Consumer Confidence kicks off the week on Tuesday followed by the Consumer Sentiment Index on Friday. • In housing news, the S&P/Case-Shiller Home Price Index will be delivered on Tuesday, New Home Sales Wednesday and… Read more »

Last Week in Review: August brought mixed results on new home construction and sales of existing homes

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August Housing Starts rose 9.2 percent from July to a seasonally adjusted annual rate of 1.282 million units, above the 1.229 million expected. Single-family starts, which make up the largest share of the residential housing market, were up 1.9 percent while multi-family starts surged 27.3 percent. Housing Starts were flat… Read more »

Last Week in Review: Non-farm payrolls rose in August and so did home prices in July

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U.S. employers hired 201,000 new workers in August, above the 187,000 expected, the Bureau of Labor Statistics reported. However, June and July were revised lower by a total of 50,000 jobs. Job gains have averaged 185,000 per month over the last 3 months. The Unemployment Rate remained at 3.9 percent…. Read more »