Tag Archives: construction spending

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

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Construction Boosted By Public Works, Offices

The Mortgage Corner We are already seeing the results of the $1.1T budget agreement, and $305 STIRR Surface Transportation and Highway Trust Fund bill. Construction spending rose a strong 1.5 percent in January due to a surge in highway & … Continue reading

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Dr. Yellen—Don’t Raise Interest Rates Just Yet.

Popular Economics Weekly The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in October on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased … Continue reading

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Construction, Retail Sales Higher

The Mortgage Corner The strength of the economy right now is in the housing and construction sectors, again areas insulated from global factors, such as China’s slowdown. Construction spending, next to vehicle sales, is perhaps the week’s best surprise, rising … Continue reading

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Unemployment Report Misleading

Financial FAQs Today’s lower than predicted payroll creation of 173,000 jobs doesn’t change my prediction of higher jobs growth ahead. My prediction yesterday was for 250,000 payroll jobs in August, but downward seasonal adjustments reduced payrolls by -800,000. In other … Continue reading

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Construction Leads Housing, GDP Recovery

The Mortgage Corner Pending home sales are still rising. And that’s in large part because both residential and non-residential commercial construction is in fact soaring. The U.S. Census Bureau of the Department of Commerce announced today that construction spending during … Continue reading

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2015 Housing Construction Will Surge

The Mortgage Corner We believe housing construction is about to bloom this spring, due to growing employment. For starters, an additional 45,000 construction jobs were added to nonfarm payrolls in April. This is even though construction spending to date has … Continue reading

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