Tag Archives: new-home sales

Where Are The New Homes?

Posted on March 24, 2016 by Popular Economics Weekly

The Mortgage Corner Sales of newly built, single-family homes rose 2 percent in February from an upwardly revised January reading to a seasonally adjusted annual rate of 512,000 units, according to newly released data by the U.S. Department of Housing … Continue reading →

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Higher Employment = More New Homes

Posted on January 27, 2016 by Popular Economics Weekly

The Mortgage Corner Twenty Five states had lower unemployment, reports the Bureau of Labor Statistics, as the economic recovery continues. That is probably why consumers continue to be optimistic and housing prices continue to soar—as high as 11 percent in … Continue reading →

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Housing Starts Surge, Millennials Are Buying

Posted on December 16, 2015 by Popular Economics Weekly

The Mortgage Corner The Federal Reserve’s Open Market Committee has just announced it is raising short term interest rates by ¼ percent. Its press release said: “Given the economic outlook, and recognizing the time it takes for policy actions to … Continue reading →

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Oct. Pending and New-Home Sales Still Rising

Posted on December 1, 2015 by Popular Economics Weekly

The Mortgage Corner Both new and existing-home sales are still thriving, given that conforming fixed rates are still at almost historic lows, in spite of a looming Fed interest rate hike. Why? It’s mainly investors worried about worldwide growth that … Continue reading →

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Best Existing-Home Sales Since 2007

Posted on October 22, 2015 by Popular Economics Weekly

Popular Economics Weekly Total existing–home sales, which are completed transactions that include single–family homes, townhomes, condominiums and co–ops, increased 4.7 percent to a seasonally adjusted annual rate of 5.55 million in September from a slightly downwardly revised 5.30 million in … Continue reading →

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Pending Sales, Housing Construction Are Healthy

Posted on October 19, 2015 by Popular Economics Weekly

The Mortgage Corner Most of the Federal Reserve Governors have announced they don’t support raising interest rates until sometime next, year, and only if worldwide economic growth picks up. Why? The US Dollar is so strong that it’s hurting exports, … Continue reading →

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Q2 Economic Growth Gangbusters, But Q3?

Posted on September 27, 2015 by Popular Economics Weekly

Popular Economics Weekly In spite of all those predictions that GDP growth would exceed 3 percent for the rest of the year and into 2016, the latest factory orders and inflation indicators show a slowdown in Q3 from Q2’s gangbusters … Continue reading →

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Consumers Earn and Spend More This Year

Posted on June 29, 2015 by Popular Economics Weekly

Financial FAQs The consumer came to life in May, boosted by a 0.5 percent rise in personal income and helping to support a 0.9 percent surge in personal outlays that reflects heavy spending on autos and retail goods. The spending … Continue reading →

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Housing Beginning to Bloom

Posted on June 23, 2015 by Popular Economics Weekly

The Mortgage Corner Ultra-low interest rates are finally beginning to pay off.  The housing season is beginning to bloom—for first-time homebuyers, in particular. The National Association of Realtors reports total existing-home sales, which are completed transactions that include single-family homes, … Continue reading →

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Why Lower Growth, Higher Corporate Profits?

Posted on June 23, 2015 by Popular Economics Weekly

Popular Economics Weekly First-quarter economic growth wasn’t as bad as expected, yet corporate profits were much better than expected. So what are corporations doing with their profits, rather than investing in future growth? The second revision to first-quarter GDP came … Continue reading →

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