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  • Tue, Aug 15 2017
  • 8:40 AM » US retail sales post biggest gain in seven months
    Published Tue, Aug 15 2017 8:40 AM by CNBC
    U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles as well as discretionary spending.
  • 8:40 AM » US import prices rebound after two straight monthly declines
    Published Tue, Aug 15 2017 8:40 AM by CNBC
    Import prices increased in July, driven by rising costs for petroleum products and food, but underlying imported inflation remained muted.
  • 8:25 AM » Guam missile launch plan: Kim Jong Un waiting for ‘foolish Yankees' next move
    Published Tue, Aug 15 2017 8:25 AM by CNBC
    North Korean leader Kim Jong Un will watch what "the foolish Yankees" do before making a decision on plans to fire four missiles toward the U.S. territory of Guam, state media in the reclusive nation reported.
  • 8:22 AM » Home Depot's quarterly profit jumps 9.5 percent
    Published Tue, Aug 15 2017 8:22 AM by Reuters
    (Reuters) - Home Depot Inc , the No. 1 U.S. home improvement chain, reported a 9.5 percent rise in quarterly profit amid an increase in remodeling activity and as an extended spring season boosted demand for outdoor products.
  • Mon, Aug 14 2017
  • 2:00 PM » Our Homes May Get Smarter, But Have We Thought It Through?
    Published Mon, Aug 14 2017 2:00 PM by www.npr.org
    As our houses fill with the Internet of things, sensors will tell us whether we left the stove on or if we're out of paper towels. But critics worry these devices won't be secure and will spy on us.
  • 1:58 PM » S&P 500 on track for best daily gain in about 4 months
    Published Mon, Aug 14 2017 1:58 PM by Market Watch
    Stock markets Monday afternoon were enjoying a sharp rally, putting the S&P 500 index in position to post its best daily gain in about four months. The S&P 500 index was most recently up more than 1% at 2,466, which would represent the best daily gain for the broad-market benchmark since April 24, according to FactSet data. In fact, the S&P 500 has only seen a gain of at least 1% on two other occasions so far in 2017 (including March 1), with a rally today of at least that level marking the third such gain this year. Overall, the Dow Jones Industrial Average was up 0.7%, and the Nasdaq Composite Index was on pace for a 1.3% one-day rise, both their best daily advances since June 28.
  • 1:58 PM » After a Summer Bond Binge, Signs of Angst Are Growing in the Market
    Published Mon, Aug 14 2017 1:58 PM by Bloomberg
    Bloomberg After a Summer Bond Binge, Signs of Angst Are Growing in the Market Bloomberg Raymond Lee, portfolio manager and head of credit at Kapstream Capital, discusses how geopolitics and other factors are impacting global bond markets. He speaks on 'Bloomberg Markets: Asia.' (Source: Bloomberg). Have we finally reached peak credit ... and more »
  • 12:05 PM » Homebuyers put less and less skin in the game, adding to the market's overall risk
    Published Mon, Aug 14 2017 12:05 PM by CNBC
    Homebuyers are increasingly opting to put down less money when purchasing their homes, increasing their risk should the housing market falter yet again.
  • 9:09 AM » Share of Builders Reporting Labor Shortages Rises Again
    Published Mon, Aug 14 2017 9:09 AM by eyeonhousing.org
    Labor and subcontractor shortages have become even more widespread in July of 2017 than they were in June of 2016, according to single-family builders responding to special questions on the NAHB/Wells Fargo Housing Market Index (HMI) survey. The July 2017 HMI survey asked builders about shortages in 15 specific occupations that were either recommended by Home Builders Institute (NAHB's workforce development arm)... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 9:09 AM » US tax change proposals anger builders, real estate agents, charities
    Published Mon, Aug 14 2017 9:09 AM by CNBC
    Industry groups and other sectors of society are gearing up to fight proposed changes to the personal income tax.
  • 9:06 AM » If Housing Is So Affordable, Why Doesn't It Feel That Way?
    Published Mon, Aug 14 2017 9:06 AM by Freddie Mac
    By Sean Becketti, VP Chief Economist The National Association of Realtors' Housing Affordability Index is currently at near-record highs. But for a lot of people, it sure doesn't feel like housing is affordable. Read More
  • 9:05 AM » Subprime mortgage cycle begins anew in 2017
    Published Mon, Aug 14 2017 9:05 AM by The Basis Point
    It's been 10 years since subprime mortgages toppled the world economy, now here's an early signal of a new subprime cycle. The post Subprime mortgage cycle begins anew in 2017 appeared first on The Basis Point .
    Click Here to Read the Full Article

    Source: The Basis Point
  • 9:04 AM » Bond Market Looks Expensive, Until You Factor in Threat of War
    Published Mon, Aug 14 2017 9:04 AM by Bloomberg
    Bloomberg Bond Market Looks Expensive, Until You Factor in Threat of War Bloomberg The bond bulls in the $14 trillion Treasuries market didn't expect -- or want -- to be proven right in quite this manner. Ramped-up bellicose rhetoric between U.S. President Donald Trump and North Korean leader Kim Jong Un has stoked fears of imminent ... and more »
  • 9:01 AM » The Housing Bottom and Comparing Housing Recoveries
    Published Mon, Aug 14 2017 9:01 AM by Calculated Risk Blog
    In early 2012 I wrote The Housing Bottom is Here and Housing: The Two Bottoms , I pointed out there are usually two bottoms for housing: the first for new home sales, housing starts and residential investment, and the second bottom is for house prices. For the bottom in activity, I presented a graph of Single family housing starts, New Home Sales, and Residential Investment (RI) as a percent of GDP. When I posted that graph, the bottom wasn't obvious to everyone. Here is an update to that graph. Click on graph for larger image. The arrows point to some of the earlier peaks and troughs for these three measures. The purpose of this graph is to show that these three indicators generally reach peaks and troughs together. Note that Residential Investment is quarterly and single-family starts and new home sales are monthly. For the most recent housing bust, the bottom was spread over a few years from 2009 into 2011. This was a long flat bottom - something a number of us predicted given the overhang of existing vacant housing units. In 2012 , I argued that the current housing recovery would continue to be sluggish relative to previous housing recoveries. I suggested there were several reasons for this.  From my 2012 post: First, the causes of this downturn were different than in most cycles. Usually housing down cycles are related to the Fed fighting inflation, and then housing comes back strongly when the Fed starts to ease again. But in this cycle, the housing downturn was the result of the bursting of the housing bubble and the financial crisis. As everyone now knows (or should know by now), recoveries following a financial crisis are sluggish. This is especially true for housing as all the excesses have to be worked down before the recovery will become robust. In some areas of the country, housing is starting to recover, and in other areas there are still a large number of excess vacant houses (although the number is being reduced just about everywhere). There...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • Fri, Aug 11 2017
  • 4:05 PM » Fed's Kashkari says central bank's hawks are spooked by ‘ghost story' of higher wages
    Published Fri, Aug 11 2017 4:05 PM by Market Watch
    Minneapolis Fed President Neel Kashkari said Friday that hawks on the central bank are worried about an inflation "ghost story."
  • 4:04 PM » The Most Popular Interior Design Styles in Each State
    Published Fri, Aug 11 2017 4:04 PM by www.realtor.com
    Is your home's style in sync with your state-and the rest of the country? Here's a map of the top interior design trends, from contemporary to bohemian. The post The Most Popular Interior Design Styles in Each State appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 11:59 AM » Key Measures Show Inflation mostly below 2% in July
    Published Fri, Aug 11 2017 11:59 AM by Calculated Risk Blog
    The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.0% annualized rate) in July. The 16% trimmed-mean Consumer Price Index also rose 0.2% (1.8% annualized rate) during the month. The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics' (BLS) monthly CPI report. Earlier today, the BLS reported that the seasonally adjusted CPI for all urban consumers rose 0.1% (1.3% annualized rate) in July. The CPI less food and energy also rose 0.1% (1.4% annualized rate) on a seasonally adjusted basis. Note: The Cleveland Fed released the median CPI details for July here . Motor fuel declined 14% in July annualized. Click on graph for larger image. This graph shows the year-over-year change for these four key measures of inflation. On a year-over-year basis, the median CPI rose 2.1%, the trimmed-mean CPI rose 1.9%, and the CPI less food and energy rose 1.7%. Core PCE is for June and increased 1.5% year-over-year. On a monthly basis, median CPI was at 2.0% annualized, trimmed-mean CPI was at 1.8% annualized, and core CPI was at 1.4% annualized. Using these measures, inflation was soft again in July.  Overall these measures are mostly below the Fed's 2% target  (Median CPI is slightly above).
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 11:38 AM » The Fed: Fed won't like soft July CPI data but has four months to get over it
    Published Fri, Aug 11 2017 11:38 AM by Market Watch
    The Federal Reserve was not happy with the July CPI data and will want to see a pickup by December, when the next rate move is likely to be on the table.
  • 11:30 AM » Fed key rate closer to 'neutral,' should be patient on inflation: Kaplan
    Published Fri, Aug 11 2017 11:30 AM by CNBC
    The Fed's key interest rate is getting close to a "neutral" level so the Fed should patiently wait for further evidence on inflation.
  • 11:22 AM » TRID Rule Amendments and Proposal Published
    Published Fri, Aug 11 2017 11:22 AM by www.consumerfinancemonitor.com
    As we reported previously, on July 7, 2017 the Consumer Financial Protection Bureau (CFPB) posted on its website long awaited amendments to the TILA/RESPA Integrated Disclosure (TRID) rule, and a proposal to address the so-called "black hole" issue (regarding limits on the ability of a credit to reset tolerances with a Closing Disclosure). Both the... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 9:56 AM » Markets to Fed: There's little chance of another rate hike this year
    Published Fri, Aug 11 2017 9:56 AM by CNBC
    The already skeptical markets now give the Fed just a one-in-three chance of being able to hike interest rates in December.
  • 8:49 AM » US consumer prices rise less than expected in July
    Published Fri, Aug 11 2017 8:49 AM by CNBC
    U.S. consumer prices rose less than expected in July, pointing to benign inflation that could make the Fed cautious about raising interest rates again this year.
  • 8:28 AM » Real Estate Billionaires Form Rental Giant in Shifting Industry
    Published Fri, Aug 11 2017 8:28 AM by Bloomberg
    Bloomberg Real Estate Billionaires Form Rental Giant in Shifting Industry Bloomberg It was a simple phone call between two real estate billionaires that led to the formation of a behemoth in the house-rental industry. Property investor Barry Sternlicht called Jon Gray, head of real estate for Blackstone Group LP, in the spring ... and more »
  • 8:27 AM » Worrying about the bond-market bubble is ‘old guy' thinking
    Published Fri, Aug 11 2017 8:27 AM by CNBC
    Here's why worrying about the bond market bubble bursting is misguided, says Matthew Graham, chief of operations at Mortgage News Daily.
  • 8:27 AM » Fed Taper Plan Brings Risk to Mortgage Debt Unseen in Treasuries - Bloomberg
    Published Fri, Aug 11 2017 8:27 AM by Bloomberg
    Bloomberg Fed Taper Plan Brings Risk to Mortgage Debt Unseen in Treasuries Bloomberg For all the talk that Janet Yellen's plan to shrink the Federal Reserve's balance sheet will hurt Treasuries, U.S. mortgage bonds face a bigger test. The securities are already lagging behind Treasuries for the first time since 2011. Investors are ...
  • Thu, Aug 10 2017
  • 4:12 PM » Freddie Mac Announces Pricing of $315 Million Multifamily Small Balance Loan Securitization
    Published Thu, Aug 10 2017 4:12 PM by freddiemac.mwnewsroom.com
    Freddie Mac Announces Pricing of $315 Million Multifamily Small Balance Loan Securitization
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 3:22 PM » S&P 500's 1% decline Thursday is a rarity for 2017
    Published Thu, Aug 10 2017 3:22 PM by CNBC
    Today is just the 6th time all year that the S&P 500 has fallen at least 1% on an intraday basis.
  • 3:20 PM » New HUD Report Highlights Affordable Housing Challenges
    Published Thu, Aug 10 2017 3:20 PM by NMHC
    A recent study conducted by the Department of Housing and Urban Development (HUD) has found that "The number of very poor unsubsidized families struggling to pay their monthly rent and who may also be living in substandard housing increased between 2013 and 2015" according to reporting by Affordable Housing Finance.
  • 1:56 PM » DoubleLine's Gundlach is set to make a killing as stock market's ‘fear gauge' soars
    Published Thu, Aug 10 2017 1:56 PM by Market Watch
    DoubleLine Capital's Jeff Gundlach earlier in the week lays out the merits of a bet that gauges measuring stock-market volatility would soon start to jump and that he would be the beneficiary of such rising levels.
  • 12:10 PM » Fed's Dudley says 2% inflation target will remain elusive even if price pressures pick up
    Published Thu, Aug 10 2017 12:10 PM by Market Watch
    The U.S. central bank's 2% annual inflation target is likely to remain illusive even if monthly data picks up, said William Dudley, president of the New York Fed, on Thursday.
  • 11:45 AM » Fannie and Freddie: REO inventory declined in Q2, Down 30% Year-over-year
    Published Thu, Aug 10 2017 11:45 AM by Calculated Risk Blog
    Fannie and Freddie reported results last week. Here is some information on Real Estate Owned (REOs). Freddie Mac reported the number of REO declined to 9,915 at the end of Q2 2017 compared to 13,284 at the end of Q2 2016. For Freddie, this is down 87% from the 74,897 peak number of REOs in Q3 2010. For Freddie, this is the lowest since at least 2007. Fannie Mae reported the number of REO declined to 31,371 at the end of Q2 2017 compared to 45,981 at the end of Q2 2016. For Fannie, this is down 81% from the 166,787 peak number of REOs in Q3 2010. For Fannie, this is the lowest since at least 2007. Click on graph for larger image. Here is a graph of Fannie and Freddie Real Estate Owned (REO). REO inventory decreased in Q2 for both Fannie and Freddie, and combined inventory is down 30% year-over-year. There are still a number of properties in the foreclosure process with long time lines in judicial foreclosure states - but this is close to normal levels of REOs.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:09 AM » Fed's Dudley says modest wage growth reflects sluggish productivity
    Published Thu, Aug 10 2017 10:09 AM by Market Watch
    Wage growth in the U.S. economy remains modest in part because of sluggish productivity, said New York Fed President William Dudley on Thursday. As U.S. economic leaders consider how to address income inequality, they should also consider how to improve productivity, because that would help raise the level of household income, Dudley said in brief prepared remarks to reporters at his bank's headquarters near Wall Street. Dudley, who always has a vote on the Fed's policy committee, said his bank's economists project continued moderate growth in the economy and further strengthening of the labor market. Inflation should move up toward the bank's 2% target "over the medium term," Dudley said.
  • 9:24 AM » Bond Report: Treasury yields fall after reports on jobless claims, wholesale inflation
    Published Thu, Aug 10 2017 9:24 AM by Market Watch
    Treasury yields fell slightly as bond traders after a morning rush of economic data
  • 8:44 AM » US producer prices post biggest drop in 11 months
    Published Thu, Aug 10 2017 8:44 AM by CNBC
    U.S. producer prices unexpectedly fell in July, recording their biggest drop in nearly a year, weighed down by declining costs for services and energy products.
  • 8:43 AM » Bullard Says Yellen Successor Should Hold More Press Conferences
    Published Thu, Aug 10 2017 8:43 AM by Bloomberg
    Bloomberg Bullard Says Yellen Successor Should Hold More Press Conferences Bloomberg Federal Reserve Bank of St. Louis President James Bullard said Janet Yellen's successor should consider holding press conference after every policy meeting, if she isn't picked for a second term at the helm of the U.S. central bank. "Chair Yellen has ... and more »
  • 8:43 AM » U.S. jobless claims rise; labor market still tightening
    Published Thu, Aug 10 2017 8:43 AM by Reuters
    WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly rose last week, but the underlying trend remained consistent with a tightening labor market.
  • 8:41 AM » Invitation Homes-Starwood announce merger in bid to rent single-family homes
    Published Thu, Aug 10 2017 8:41 AM by Market Watch
    A merger deal between Invitation Homes, Blackstone's single-family rental unit, and Starwood will merge in a company that could create America's biggest landlord
  • Wed, Aug 9 2017
  • 4:51 PM » Freddie Rental Income Changes
    Published Wed, Aug 09 2017 4:51 PM by Freddie Mac
    For Borrowers who do not have a documented one-year history of investment property management experience, the Seller may only consider net rental income in an amount up to 30% of the sum of the net rental income and all other stable monthly income that is used to qualify the Borrower. This change provides support to sustainable and successful homeownership by requiring a reasonable limitation upon the reliance on a newer type of income stream. Guide impact: Section 5306.1(c)(ii)
  • 3:07 PM » Fed risks being too aggressive on rate hikes, Bullard says
    Published Wed, Aug 09 2017 3:07 PM by Market Watch
    There is some risk that the Federal Reserve could be too aggressive if it pushes too hard to raise interest rates, said St. Louis Fed President James Bullard on Wednesday. "I think we are actually in pretty good shape for rates right now," Bullard said in an interview on Bloomberg. If conditions remain as they are "I would not see the policy rate moving very much off of where we are today." The Fed has been surprised how soft inflation has been this spring, the St. Louis Fed President said. The softer data call into question the Fed's story that inflation is gradually moving toward the Fed's 2% target, he said. Bullard said he did not think weaker inflation was due to a few transitory factors as some other Fed officials, including Chairwoman Janet Yellen, have argued.
  • 2:00 PM » Fed's Evans backs balance-sheet reduction but ambivalent toward another rate hike
    Published Wed, Aug 09 2017 2:00 PM by Market Watch
    A dovish Federal Reserve official on Wednesday said he supported the central bank announcing it would start to reduce its balance sheet next month, but said inflation would have to accelerate for him to support a rate hike at the end of the year.
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