Monthly Archives: April 2016

Consumers Boost Q1 GDP Growth

Popular Economics Weekly Consumer spending, largely on services, helped hold up first-quarter real GDP which came in at just 0.5 percent rate, but is still up 2 percent YoY. Consumer spending (personal consumption expenditures) rose at a 1.9 percent rate, … Continue reading

Posted in Consumers, Economy, Macro Economics, Weekly Financial News | Tagged , , , , , , | Leave a comment

Fed Stays in Accommodative Mode

Popular Economics Weekly It looks like Janet Yellen’s Fed will continue to keep interest rates low this year, based on the latest FOMC press release. This is great news for the housing market, in particular, but not necessarily for consumers … Continue reading

Posted in Consumers, Economy, Housing, housing market, Politics, Weekly Financial News | Tagged , , , , , , , , | Leave a comment

Why Not More Homes For Sale?

Financial FAQs Many Realtors and economists have been asking this question. Why such a low housing inventory? Total existing-home sales jumped 5.1 percent to a seasonally adjusted annual rate of 5.33 million in March from a downwardly revised 5.07 million … Continue reading

Posted in Consumers, Housing, housing market, Politics, Weekly Financial News | Tagged , , , , , , , | Leave a comment

Who Opposes Overtime Pay Increase?

Financial FAQs That’s a no-brainer—Republicans in Congress, of course. Who else would oppose updating the safeguards against working more than 40 hours without overtime pay, part of the New Deal that President Roosevelt called the most important part of the … Continue reading

Posted in Economy, Politics, Weekly Financial News | Tagged , , , , , | Leave a comment

Motor Vehicles, Housing Will Power 2016 Economy

Popular Economics Weekly Even though Q1 2016 GDP growth looks weak for a number of reasons (such as lower exports and slumping oil prices that depress energy sector earnings), there are reasons it can go higher in 2016. Oil prices … Continue reading

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , , | Leave a comment

Builder Confidence Holds, But Household Formation Still Weak

The Mortgage Corner Builder confidence in the market for newly-built single-family homes remained unchanged in April at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “Builders remain cautiously optimistic about construction growth … Continue reading

Posted in Economy, Housing, housing market, Weekly Financial News | Tagged , , , , | Leave a comment

Record Mortgage Originations in 2015, In Spite of FHFA

The Mortgage Corner In addition to very large Consumer credit borrowing that rose $17.2 billion in February (but excludes mortgage lending), the number of new first mortgages increased to a post-recession high in 2015, according to new data from credit … Continue reading

Posted in Consumers, Economy, Housing, housing market, Politics, Weekly Financial News | Tagged , , , , , , , | Leave a comment

Record Low Rates Spur Consumer Debt, But Not Spending

The Mortgage Corner Consumer credit rose a very large $17.2 billion in February with January revised higher to $14.9 billion, says the Federal Reserve. Nonrevolving credit, which are gains for vehicle financing and student loans, rose $14.2 billion and revolving … Continue reading

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , , | Leave a comment

Service Sector, Job Openings Show More Growth

Financial FAQs More economic data this week make job and growth prospects for 2016 look even better. And this is on top of the very strong March employment report. The March ISM Non-manufacturing index (i.e., for the service sector) rose … Continue reading

Posted in Economy, Macro Economics, Weekly Financial News | Tagged , , , , | Leave a comment

U.S. Nearing Full Employment?

Popular Economics Weekly Are we approaching full employment will be the debate raging within the Federal Reserve and beyond this year. That’s because, “Total nonfarm payroll employment rose by 215,000 in March, and the unemployment rate was little changed at … Continue reading

Posted in Consumers, Economy, Weekly Financial News | Tagged , , , | Leave a comment