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Housing permits and starts both reversed their respective two-month slides in June, and both did so convincingly , far outpacing analysts' expectations. Activity was especially strong in the Midwest. The U.S. Census Bureau and the Department of Housing and Urban Development said building permits were issued at a seasonally adjusted annual rate of 1,254,000 units. This is a 7.4 percent jump from the May rate of 1,168,000. June permits were issued at a 5.1 percent higher pace than a year earlier. The permitting number left analysts in the dust. Those polled by Econoday had expected the number to come in between 1.170 million and 1.225 million, with a consensus of 1.206 million. Single family permits were issued at a rate of 811,000, a 4.1 percent month-over-month gain from the May estimate of
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Rob Chrisman
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In a broad generalization, when people have money to invest they usually think about stocks, bonds, or real estate. (Yes, I know there are other assets, like precious metals, restaurants, your sister-in-law’s nail salon…) Looking at real... (read more) |
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Housing News
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Housing permits and starts both reversed their respective two-month slides in June, and both did so convincingly , far outpacing analysts' expectations. Activity was especially strong in the Midwest. The U.S. Census Bureau and the Department of Housi... (read more) |
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Housing News
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Mortgage application volume bounced back during the week ended July 14, following a sharp downturn a week earlier. That week had been shortened by the Independence Day holiday. The Mortgage Bankers Association said its Market Composite Index, a measu... (read more) |
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MBS Commentary
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This commentary will begin it's life as the "day ahead" entry for July 19th, 2017, but it may as well be a "knowledge base" entry for the validity of technical analysis. There are already several knowledge base articles designed to help people ... (read more) |
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Mortgage Rate Watch
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Mortgage rates fell today, but continue lagging behind the movements seen in underlying bond markets. Part of that has to do with the timing of bond market swings over the past few days, but lenders also simply want to see markets pick a theme and st... (read more) |
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MBS Commentary
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If there is one thematic event at the heart of the past 4 weeks, it was a series of comments from European Central Bank (ECB) President Mario Draghi back on June 27th, essentially foreshadowing a winding-down of asset purchases. In other words,... (read more) |
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consumerfinancemonitor.com
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