Tag Archives: construction spending

Housing Supply Still Too Low

The Mortgage Corner Graph: Econoday Most of the construction activity is in the commercial sector, at the moment, though sales of newly-constructed homes rose 3.5 percent compared to July. The pace of new-home sales in August was 12.7 percent higher … Continue reading

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

Time to Build More Homes!

The Mortgage Corner The National Association of Home Builders (NAHB) analysis of Census Construction Spending data shows that total private residential construction spending is soaring, as it rose to a seasonally adjusted annual rate (SAAR) of $520.9 billion in August, … Continue reading

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

Surging Construction Sector Aids Home Sales

The Mortgage Corner Construction payrolls were a positive surprise of the January employment report, rising 36,000 for the best gain since March. Construction was soft through most of last year though it did pick up at year end. And this … Continue reading

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

Private Payrolls, Consumer Confidence Signal Strong January

Popular Economics Weekly ADP is calling for substantial strength in Friday’s employment report, showing yesterday 246,000 for private payrolls, not including government jobs. This is far beyond expectations and would compare with December private payroll growth in the government’s report … Continue reading

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

Future Home Sales Also Soaring

The Mortgage Corner It looks like housing sales this year could return to pre-recession levels (though not into bubble territory), as all 3 major housing stats—existing, new, and now Pending-home sales are off to a good start in 2016. Pending … Continue reading

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

JOLTS Jobs Report Highest In Years

Popular Economics Weekly The U.S. Bureau of Labor Statistics reported the number of job openings was little changed at 5.8 million on the last business day of March, but it is actually up 11 percent over March 2015. Methinks the … Continue reading

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

Consumer Finances Much Healthier

Financial FAQs Consumers’ financial health has substantially improved in 2015, and their net worth has now surpassed that of pre-recession 2006, according to the Fed’s 2015 Q4 Flow of Funds report. That is the main reason economic growth prospects have … Continue reading

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