Economic Updates Archive

Latest New Home Sales (December 2015)

Home sales of newly constructed homes rose solidly in December. The latest tally is the second highest monthly sales pace in nearly eight years. The annual total is the best in nearly a decade. The gain also affirms the...

Did you know? The Minimum Wage

On January 1, 2016 the minimum wage will rise in 14 states. What is the minimum wage in your area? How do minimum wage workers interact with the housing market in your area? Regardless of one’s position on the...

Housing Starts: Spring May Bring Tight Supply Conditions

Here is a look at the latest housing starts for November 2015. New home construction rose significantly in the latest month and is on track for most activity since 2007. Still, significantly more construction is needed to relieve the...

Modest Improvements in Conventional Loan Limits

The Federal Housing Finance Agency (FHFA) announced the conforming loan limits for 2016 today. Limits will rise in a 39 counties around the country. The national conforming limit remains unchanged, but could rise in the near future. Every year,...

Latest New Home Sales (October 2015)

There was a big rebound in new home sales in October after a very poor showing in September. Even with the gain, the sales pace of newly constructed homes is only about half of what it should be. Home...