Last week's economic reports included readings on the National Association of Home Builders Housing Market Index, Commerce Department releases on Housing Starts and Building Permits issued and weekly reports on new jobless claims and mortgage rates.
Builder Sentiment Holds Steady, Demand for Homes Pushes Builders
November's reading for the National Association of Home Builders Housing Market Index held steady with a reading of 65. Any reading above 50 indicates that a majority of home builders surveyed has a positive view of current and future housing market conditions. Tight … [Read More...]
Little Change in Mortgage Rates
It was a volatile week ahead of the Fed meeting on September 21, but there was little net changes in mortgage rates. Shifts in expectations for Fed policy were the main influence on stocks and bonds. A wide range of economic data had little impact.
Disappointing Retail Sales
The last major report on economic activity before the Fed meeting was disappointing. In August, retail sales fell 0.3% from July. Excluding the volatile auto component, retail sales also fell far short of the expected levels with a small decline from July. Consumer spending accounts … [Read More...]
One of the factors involved in feeling truly comfortable in your community is the relationships that you've been able to establish with the locals in your neighborhood, but it can be hard to know how to nurture a good relationship. Whether you're moving to a new home soon or are wondering how to make some nearby friends, here are some simple tips for ingratiating the ones that live closest to you.
Offer up Your Favorite Dish
It might seem like a bit of a risk, but one of the best ways to get to know your neighbors is to knock on their door and bring along your favorite treat as an … [Read More...]
Last week's economic news included reports on job openings, retail sales and recurring reports on mortgage rates and new jobless claims. Job openings and hiring increased, which provided further evidence of stronger economic conditions. Retail sales were flat in July, new unemployment claims dropped and mortgage rates changed little.
Labor Reports Suggest Stronger Economic Trends
The Labor Department reported more job openings in June with 5.60 openings as compared to 5.50 million job openings in May. According to the Job Openings and Labor Turnover Survey, 5.13 million workers were … [Read More...]
Last week's economic reports included S&P Case-Shiller Housing Market Indices, reports on new and pending home sales, Freddie Mac's weekly mortgage rates survey. The Federal Reserve released its customary statement after the scheduled Federal Open Market Committee meeting concluded; the Committee did not raise the federal funds rate of 0.25 percent, but indicated that economic risks were fewer, which suggested that the key Fed rate may be increased in September.
According to the S&P Case-Shiller 20-City Home Price Index for May, home price growth dipped from 5.40 percent in April to … [Read More...]