Housing and Core Inflation – It’s Complicated
Laura Rosner - Market Economics
US Daily Spotlight | 22 Feb 2013 03:15 |
Markets were risk-off on Thursday, as equity markets sold off by more than 0.6% for the second day in a row, while the 10yr Treasury closed the day at 1.98%. Data for the day were unimpressive with jobless claims for the week suggesting only modest improvement in February payroll employment, existing home sales edging marginally higher and the February Philly Fed manufacturing index falling sharply (details of the report were less negative than the headline index implied). Meanwhile, core inflation was slightly stronger than expected in the January CPI report, mainly reflecting a rebound in core goods prices, but also modestly firmer increases in housing costs.
Showing posts with label Housing. Show all posts
Showing posts with label Housing. Show all posts
Thursday, February 21, 2013
Tuesday, March 20, 2012
Apartment Nation: Trend to Multi-Family Housing Continues
Real Estate
Apartment Nation: Trend to Multi-Family Housing Continues
By Peter Coy
March 20, 2012
The U.S. is a long way from Germany, where only 42 percent of families are homeowners. But construction of multi-family units is growing faster than construction of single-family homes—a trend confirmed today by the Census Bureau’s monthly report on residential construction.
http://www.businessweek.com/articles/2012-03-20/apartment-nation-trend-to-multi-family-housing-continues
Apartment Nation: Trend to Multi-Family Housing Continues
By Peter Coy
March 20, 2012
The U.S. is a long way from Germany, where only 42 percent of families are homeowners. But construction of multi-family units is growing faster than construction of single-family homes—a trend confirmed today by the Census Bureau’s monthly report on residential construction.
http://www.businessweek.com/articles/2012-03-20/apartment-nation-trend-to-multi-family-housing-continues
Fortune: The one number to watch for a housing recovery
FORTUNE
The one number to watch for a housing recovery
By Nin-Hai Tseng, Writer March 20, 2012: 5:00 AM ET
If you're waiting for home prices to go up, then you're missing signs the troubled housing market has finally turned around.
The one number to watch for a housing recovery
By Nin-Hai Tseng, Writer March 20, 2012: 5:00 AM ET
If you're waiting for home prices to go up, then you're missing signs the troubled housing market has finally turned around.
Tuesday, February 28, 2012
CNNMoney: Throwing cash at the housing market will make it worse
CNNMoney
Throwing cash at the housing market will make it worse
By Nin-Hai Tseng, writer-reporter February 28, 2012: 11:42 AM ET
Nearly half of current homeowners buying new homes by the end of 2012 are expected pay in cash, and that's not a good thing for home prices.
FORTUNE – In today's troubled housing market, it's all about the Benjamins.
Home prices are at a 9-year low, and it should come as no surprise. For the past three years, tighter lending standards and record foreclosures have driven an unusually higher number of homebuyers to pay for discounted properties in cash. The bulk has come from investors eyeing fixer uppers, as well as foreign buyers armed with wads of cash for properties from California to Miami.
Throwing cash at the housing market will make it worse
By Nin-Hai Tseng, writer-reporter February 28, 2012: 11:42 AM ET
Nearly half of current homeowners buying new homes by the end of 2012 are expected pay in cash, and that's not a good thing for home prices.
FORTUNE – In today's troubled housing market, it's all about the Benjamins.
Home prices are at a 9-year low, and it should come as no surprise. For the past three years, tighter lending standards and record foreclosures have driven an unusually higher number of homebuyers to pay for discounted properties in cash. The bulk has come from investors eyeing fixer uppers, as well as foreign buyers armed with wads of cash for properties from California to Miami.
Wednesday, August 24, 2011
Reuters: U.S. housing faces extra drag - low appraisals
U.S. housing faces extra drag - low appraisals
By Alexandra Alper
NEW YORK | Wed Aug 24, 2011 8:07am EDT
(Reuters) - When Sean McGowan signed a contract to buy a New Jersey home in November, he didn't expect he'd still be living with his parents nearly a year later.
By Alexandra Alper
NEW YORK | Wed Aug 24, 2011 8:07am EDT
(Reuters) - When Sean McGowan signed a contract to buy a New Jersey home in November, he didn't expect he'd still be living with his parents nearly a year later.
Thursday, August 18, 2011
CNBC: Home Sales Fall on Credit, Cancellations, Confidence
Home Sales Fall on Credit, Cancellations, Confidence
Published: Thursday, 18 Aug 2011 | 10:51 AM ET
By: Diana Olick
CNBC Real Estate Reporter
July's existing home sales, which represent contract closings, came in well below expectations of a two to three percent gain, falling 3.5 percent month to month.
Published: Thursday, 18 Aug 2011 | 10:51 AM ET
By: Diana Olick
CNBC Real Estate Reporter
July's existing home sales, which represent contract closings, came in well below expectations of a two to three percent gain, falling 3.5 percent month to month.
Tuesday, July 12, 2011
NYT: How We All Suffer
How We All Suffer
July 11, 2011
Kim Luu is the editor of Money and Risk and a principal at an independent brokerage firm specializing in retirement and 401(k)s.
The federal Home Affordable Modification Program was badly designed, overly complicated and poorly communicated. Borrowers suffered through horrendous paperwork for months and years. People ran through their retirement savings during the process, and then lost their homes anyway. Meanwhile, banks are saddled with billions of dollars in losses and inventory that still need to be auctioned.
July 11, 2011
Kim Luu is the editor of Money and Risk and a principal at an independent brokerage firm specializing in retirement and 401(k)s.
The federal Home Affordable Modification Program was badly designed, overly complicated and poorly communicated. Borrowers suffered through horrendous paperwork for months and years. People ran through their retirement savings during the process, and then lost their homes anyway. Meanwhile, banks are saddled with billions of dollars in losses and inventory that still need to be auctioned.
NYT: The Unemployment Factor
The Unemployment Factor
July 11, 2011
Morris A. Davis is the academic director of the James A. Graaskamp Center for Real Estate at the University of Wisconsin-Madison.
July 11, 2011
Morris A. Davis is the academic director of the James A. Graaskamp Center for Real Estate at the University of Wisconsin-Madison.
Monday, July 11, 2011
WSJ: U.S. Tackles Housing Slump
POLITICS JULY 11, 2011, 4:47 P.M. ET
U.S. Tackles Housing Slump
By NICK TIMIRAOS
The Obama administration is ramping up talks on how to revive the housing market, which is weighing on the economic recovery—and possibly the President's re-election in 2012.
U.S. Tackles Housing Slump
By NICK TIMIRAOS
The Obama administration is ramping up talks on how to revive the housing market, which is weighing on the economic recovery—and possibly the President's re-election in 2012.
Tuesday, June 14, 2011
CNBC: US Housing Crisis Is Now Worse Than Great Depression
US Housing Crisis Is Now Worse Than Great Depression
Published: Tuesday, 14 Jun 2011 | 12:04 PM ET
By: Jeff Cox
CNBC.com Staff Writer
It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.
Published: Tuesday, 14 Jun 2011 | 12:04 PM ET
By: Jeff Cox
CNBC.com Staff Writer
It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.
Tuesday, May 31, 2011
Fortune: How housing could rebound -- in 2025
How housing could rebound -- in 2025
By Colin Barr May 31, 2011: 11:49 AM ET
Ready to be Depressed?
House prices have fallen further in the past five years than they did in the Great Depression – and there's no sign the free fall is about to stop.
By Colin Barr May 31, 2011: 11:49 AM ET
Ready to be Depressed?
House prices have fallen further in the past five years than they did in the Great Depression – and there's no sign the free fall is about to stop.
CNBC: 'Double-Dip' in Housing Prices Even Worse Than Expected
'Double-Dip' in Housing Prices Even Worse Than Expected
Published: Tuesday, 31 May 2011 | 9:05 AM ET
By: Reuters
U.S. single-family home prices dropped in March, dipping below their 2009 low, as the housing market remained bogged down by inventory and weak demand, a closely watched survey said Tuesday.
Published: Tuesday, 31 May 2011 | 9:05 AM ET
By: Reuters
U.S. single-family home prices dropped in March, dipping below their 2009 low, as the housing market remained bogged down by inventory and weak demand, a closely watched survey said Tuesday.
Wednesday, May 18, 2011
CNBC: China Economic 'Facade' Starts to Show Cracks: Chanos
China Economic 'Facade' Starts to Show Cracks: Chanos
Published: Wednesday, 18 May 2011 | 8:16 AM ET
By: Jeff Cox
China's economy is showing real signs of weakening, particularly in real estate, and even could tip into a recession, hedge fund manager Jim Chanos told CNBC.
Published: Wednesday, 18 May 2011 | 8:16 AM ET
By: Jeff Cox
China's economy is showing real signs of weakening, particularly in real estate, and even could tip into a recession, hedge fund manager Jim Chanos told CNBC.
Thursday, April 28, 2011
CNN Money: 10 places where housing is soaring: France
10 places where housing is soaring
France
Annual increase: 9.5%
Paris has long been known for stylish people, delicious cuisine and universal health care. And let's not forget some of the priciest real estate in the world.
France
Paris has long been known for stylish people, delicious cuisine and universal health care. And let's not forget some of the priciest real estate in the world.
CNN Money: 10 places where housing is soaring: China
10 places where housing is soaring
China
Annual increase: 15.3% (based on Beijing and Shanghai prices)
Need somewhere to store your wealth and maybe even make a healthy profit?
Millions of Chinese have been buying up homes with the same enthusiasm once common among U.S. home buyers. With few investment options for many middle class Chinese, residential properties have become a great option to store wealth. Even while the global financial crisis in 2008 gripped many nations, China's housing market was virtually unaffected.
China
Need somewhere to store your wealth and maybe even make a healthy profit?
Millions of Chinese have been buying up homes with the same enthusiasm once common among U.S. home buyers. With few investment options for many middle class Chinese, residential properties have become a great option to store wealth. Even while the global financial crisis in 2008 gripped many nations, China's housing market was virtually unaffected.
Wednesday, April 20, 2011
CNN Money: 'Uneven' housing recovery continues
'Uneven' housing recovery continues
By Annalyn Censky, staff reporter April 20, 2011: 12:12 PM ET
NEW YORK (CNNMoney) -- Sales of existing homes increased in March, "continuing an uneven recovery" in real estate, an industry group said Wednesday.
By Annalyn Censky, staff reporter April 20, 2011: 12:12 PM ET
Saturday, March 26, 2011
S&P: New Home Sales Sink To An All-Time Low As U.S. Housing Woes Continue
New Home Sales Sink To An All-Time Low As U.S. Housing Woes Continue (00:20:41 min)
This week’s U.S. housing data report negative trends all across the sector. Existing home sales declined 9.6% in February and 33% from their 2005 peak, and sales of new homes dropped to their all-time lowest level. In this podcast, Standard & Poor’s Senior Director Erkan Erturk discusses the latest trends affecting the sector.
Listen
This week’s U.S. housing data report negative trends all across the sector. Existing home sales declined 9.6% in February and 33% from their 2005 peak, and sales of new homes dropped to their all-time lowest level. In this podcast, Standard & Poor’s Senior Director Erkan Erturk discusses the latest trends affecting the sector.
Listen
Saturday, March 5, 2011
S&P: Comments On Recent U.S. Housing Data
Standard & Poor’s Comments On Recent U.S. Housing Data (00:05:01 min)
In this podcast, Standard & Poor's Senior Director Erkan Erturk, Structured Finance, comments on this week's key U.S. housing data and what we expect for the industry this year. Topics include the reasons behind the continuing falloff in home sales, major industry risks, and declining home prices.
Listen
In this podcast, Standard & Poor's Senior Director Erkan Erturk, Structured Finance, comments on this week's key U.S. housing data and what we expect for the industry this year. Topics include the reasons behind the continuing falloff in home sales, major industry risks, and declining home prices.
Listen
Subscribe to:
Posts (Atom)