Author Archive

July Employment Report

Solid job gains of 209,000 in July, bringing the 12-month tally to 2.6 million.  Job gains will be critical for home sales and commercial leasing activity in what will inevitably be a rising interest rate environment ahead. Construction related...

Latest GDP: Second Quarter

There was a sharp bounce back in GDP in the second quarter, with a 4 percent growth rate. This assures that a recession is not in the cards and that job gains will continue. Gross Domestic Product, or GDP,...

Homeownership Rate in the Second Quarter of 2014

The homeownership rate fell to 64.8 percent in the second quarter.  It marks the lowest ownership rate in nearly 20 years.  After peaking at 69 percent in 2004, the ownership rate has been steadily falling, at first from the...

New Home Sales in June

New home sales slid in June. The decline is not a reflection of slower housing demand, but more related to homebuilders putting up fewer homes. Whatever builders build, they are able to find buyers reasonably quick. But the homebuilding...

Latest Consumer Price Inflation

Inflation is slowly and steadily picking up. Rents in particular are rising at a 4 percent annualized rate. The sluggishness in new home construction assures that rent and the broader consumer price inflation will likely be on an upward...