Category Archives: Economic Data

U.S. State Housing Finance Agency Delinquency Rates Continued To Improve In The Second Quarter Of 2014

As of June 30, 2014, U.S. housing finance agency (HFA) single-family loan delinquencies had fallen to their lowest level since the third quarter of 2009, signaling a downward trend that that may indicate HFA delinquencies will stay in a lower range. State delinquency rates continue to be lower than those for HFAs, but the gap […]

National Credit Default Rates Slightly Increase in September 2014 According to the S&P/Experian Consumer Credit Default Indices

S&P Dow Jones Indices released the latest results for the S&P/Experian Consumer Credit Default Indices. Data is through September 2014. S&P/Experian Consumer Credit Default Indices Press Release – October 2014

What Ails Housing Starts

August housing starts, reported today, were disappointing at 956,000 units, a drop of 14.4% from July and 8% from August last year. Only twice this year have monthly reports of housing starts topped a million units at annual rates – from 1991 to the financial crisis in 2008, starts were never below one million.  To […]

Affordable Multifamily Housing Hot Topics Event

Please save Wednesday, October 8, for Standard & Poor’s Ratings Services’ Affordable Multifamily Housing Hot Topics Event in San Francisco. Senior credit analysts from S&P Ratings’ Housing Enterprises and Structured Securities group will discuss mortgage finance and housing industry trends. Register Today. This event will precede the Novogradac Affordable Housing Conference on October 9-10 in […]

All Cash and Institutional Investor Shares of Home Sales Drop

RealtyTrac® released its Q2 2014 U.S. Institutional Investor & Cash Sales Report, showing all-cash sales accounted for 37.9% of all sales of single family homes and condos nationwide in the second quarter, down from a three-year high of 42.0% in the previous quarter but up from 35.7% in a year ago. The report also shows […]

National Credit Default Rates Remain at Historical Lows in July 2014 According to the S&P/Experian Consumer Credit Default Indices

S&P Dow Jones Indices released the latest results for the S&P/Experian Consumer Credit Default Indices. Data is through July 2014.  S&P/Experian Consumer Credit Default Indices Press Release – August 2014.

U.S. Forecast Update: High Anxiety

Although the sizable jump in U.S. GDP growth in the second quarter helped allay Wall Street worries, Main Street is still jittery. According to the August WSJ/NBC Poll, 71% of American adults think the country is on the wrong track (up from 63% in June) and that the economic problems facing the U.S. are mostly […]

Foreclosure Activity Rises 2% in July, Down 16% Year-over-Year

RealtyTrac® reported today that there were foreclosure filings — default notices, scheduled auctions and bank repossessions — in July 2014 on 109,434 U.S. properties, an increase of 2% from the previous month but down 16% from a year ago. One in every 1,203 U.S. housing units with a foreclosure filing during the month. July was […]

U.S. Weekly Economic Roundup: Positivity Continues

Productivity rose 2.5% in the second quarter, consistent with a soundly growing economy but not reflective of the very strong GDP growth that characterized the second quarter. On a year-over-year basis, productivity is up 1.2%, consistent with only lukewarm economic growth. Manufacturing productivity growth was solid, while service-sector productivity growth was not so. Unit labor […]

Economic Research: Low Interest Rates Are Underpinning Europe’s House Price Recovery

Very low interest rates are strongly supporting a recovery or stabilization of house prices in European markets, even in countries where credit conditions are still tight and household debt is high. In the U.K., in particular, an ultra-accommodative monetary policy has underpinned a sturdy revival following the 2008-2009 correction, with house prices likely to rise […]

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