Latest Data on International Trade and International Homebuyers

Both imports and exports are rising much faster than the broader economy. That means more companies are seeing faster sales growth to foreign buyers than to U.S. domestic buyers. A greater interaction with foreign economies, in turn, will mean...

Homeowner Equity as a Share of the Value of Real Estate

Homeowner Equity as a Share of the Value of Real Estate could normalize by late 2015 – early 2018. After 2 years of gains exceeding 5% per quarter, growth in household owners’ equity rose by a much more modest...

Mixed Signals as the Market Wades into Non-QM

Six months after the implementation of the QM/ATR rule, the market appears to be shifting modestly.  In the 3rd Survey of Mortgage Originators, which covers lending in the 2nd quarter of 2014, participants were asked about their willingness to...

Latest Housing Starts – August 2014

Disappointingly, housing starts fell measurably in August. Homebuilder confidence had risen to a 9-year high but that is not being matched by what is actually happening on the ground. The current pace of new home construction is woefully low...

Consumer prices (CPI) fell 0.2 percent in August

Consumer prices (CPI) fell 0.2 percent in August as declines in gasoline prices offset increases in food and shelter prices. Core inflation, a measure that excludes volatile food and energy prices, was flat for the month. On a year-over-year...