President Elect Trump was elected on the thesis that he would bring back manufacturing jobs to the U.S. and stop them from leaving. Before we can gauge the future success or failure of this proposed initiative we need to understand the current landscape for manufacturing jobs in the country.
Back in 2013, when housing was reported by some to be in Nirvana, a number of housing analysts said that higher rates would not dampen housing demand
Home ownership in the US peaked in 2004 at 69.2%. Since then we have seen a steady decline in ownership rates
In 2013- 2014, earlier in this economic cycle, I attended a few economic conferences to get a feel what other people were saying about the status of the housing market. At that time, everyone seemed to share the sense that housing starts were going back to their 50 year average of 1,500,000 per year, in […]
For years we have heard a thesis that low inventory and tight lending are stalling the U.S. housing market.
One of the more interesting housing data lines we have seen in this economic cycle has been the gap between the (HMI) Housing Market Index and data from new home sales, starts and permits. At first glance it does look like a major disconnect from builder confidence to builder activity. However, we need to put […]
Demand for Existing Homes: Demand for existing homes this year, looks positive, year over year. Sales are now 11% higher than a year ago – the largest year-over-year gain since July 2013. NAR Report: http://www.realtor.org/news-releases/2016/02/existing-home-sales-inch-forward-in-january-price-growth-accelerates NAR Research @NAR_Research Sales are now 11% higher than a year ago – the largest year-over-year gain since July 2013 (16.3%). […]
The bar for housing is so low that some housing bulls might try the predictable tactic of bellowing about exponential growth portending a miraculous recovery when all that is occurring is a bump.
Today I spoke with David Lyyken about the state of the housing market in America. Some questions that we discussed were: 1. Where will mortgage rates go? 2. Will home prices in America rise again? 3. How will the Fed impact long term rates? 4. What should one make of the oil crash in America
Year in Review In December of 2014, I made several predictions for the housing market in the coming year and I am both pleased and disappointed that most of what I predicted did in fact come true.