Monthly Archives: November 2017

Q3 Economic Growth Jumps to 3.3% (Revised)

Posted on November 30, 2017 by

Popular Economics Weekly It looks like the U.S. economy is charging ahead for the next few quarters, as Q3 Gross Domestic Product was revised from 3 percent to a 3.3 percent growth rate, due to higher exports and capital expenditures. … Continue reading →

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New-Home Sales at 10-yr High

Posted on November 27, 2017 by

The Mortgage Corner Sales of new single-family houses in October 2017 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly today by the U.S. Census Bureau and HUD. This is 6.2 percent (±18.0 percent) above … Continue reading →

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Thanksgiving For All!

Posted on November 24, 2017 by

Let Us Count Our Blessings! We need to thank so many for what we have—full employment, faster economic growth, higher consumer sentiment and retail sales for the holidays!  What more do we need?  Perhaps a few more homes built, and … Continue reading →

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Housing Shortage Continues

Posted on November 22, 2017 by

The Mortgage Corner Existing-home sales increased in October to their strongest pace since earlier this summer, but continual supply shortages led to fewer closings on an annual basis for the second straight month, according to the National Association of Realtors. … Continue reading →

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Our Housing Supply Is Catching Up (Revised)!

Posted on November 20, 2017 by

The Mortgage Corner Nationwide housing starts rose 13.7 percent in October to a seasonally adjusted annual rate of 1.29 million units after a slight upward revision to the September reading, according to newly released data from the U.S. Department of … Continue reading →

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Is Our Housing Supply Catching Up?

Posted on November 18, 2017 by

The Mortgage Corner Nationwide housing starts rose 13.7 percent in October to a seasonally adjusted annual rate of 1.29 million units after a slight upward revision to the September reading, according to newly released data from the U.S. HUD and … Continue reading →

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The Irrelevance of President Trump

Posted on November 16, 2017 by

Popular Economics Weekly It’s sad for America that the President of the United States has become irrelevant to most of the problems facing Americans and the world. But it’s heartening as well, because in choosing to return to a 1950’s … Continue reading →

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Tax Reform—Who Needs It?

Posted on November 10, 2017 by

Financial FAQs Firstly, we know this isn’t real tax reform when the respective Senate and House bills allow an additional $1.5 trillion in debt added to the existing $20 trillion of national debt. Why, when during prosperous times such as … Continue reading →

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New-Home Sales-Ownership Rate Rising

Posted on November 10, 2017 by

The Mortgage Corner New home sales shot up 19 percent in September to a consensus crushing annualized rate of 667,000. This is the largest percentage gain in 28 years and the highest level of the cycle, since October 2007. In … Continue reading →

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A Gangbusters Employment Report

Posted on November 6, 2017 by

Popular Economics Weekly Payrolls rose 261,000 in October following an 18,000 rise in September, easily weathering the season’s hurricane disruptions, the government said Friday. But 765,000 dropped out of the labor force, which is why the unemployment rate fell to … Continue reading →

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