Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
28,899
# of Forum Posts
Select a Date
Use the calendar to view news headlines from a specific date.
Today  |  Yesterday  |  Random
Bottom Right Default
State Name: New Jersey
State Name underscore: New_Jersey
State Name dash: New-Jersey
State Name lower underscore: new_jersey
State Name lower dash: new-jersey
State Name lower: new jersey
State Abbreviation: NJ
State Abbreviation Lower: nj
Suggest a Story
Paste the URL of the story below to submit for editorial review and possible inclusion in ATW.
Please add 7 and 8 and type the answer here:
Leave this field blank.
What is Around the Web?
It is a continuously updated stream of news from around the web
Visit throughout the day for the latest breaking news.
» Click any link below to read more.
  • Fri, Jul 20 2018
  • 5:55 PM » US Homeowners Are Lingering Longer, and the Wait Is Paying Off
    Published Fri, Jul 20 2018 5:55 PM by Bloomberg
    Bloomberg US Homeowners Are Lingering Longer, and the Wait Is Paying Off Bloomberg Homeowners in the U.S. are holding on to their houses longer than they have in at least 18 years, and when they do sell, they're reaping gains that haven't been seen since before the housing crisis. Those who sold in the second quarter did so after ...
  • 5:47 PM » U.S. dollar drops, yields rise after Trump comments on Fed policy and tariffs
    Published Fri, Jul 20 2018 5:47 PM by Reuters
    The U.S. dollar weakened, long term Treasury yields rose and stocks closed mostly lower on Friday after President Donald Trump complained again about the greenback's strength and about Federal Reserve interest rate rises.
  • 2:57 PM » If The Fed Changes Course, People Will Now Think It's Political
    Published Fri, Jul 20 2018 2:57 PM by Bloomberg
    If The Fed Changes Course, People Will Now Think It's Political Bloomberg Bloomberg Markets AM with Pimm Fox and Lisa Abramowicz. GUEST: Market Drivers with Bloomberg stocks editor Dave Wilson, and Craig Torres, Bloomberg Fed reporter, on President Trump's unprecedented tweets criticizing the Fed's hike path. Running ...
  • 2:28 PM » Trump worries that Fed will raise rates twice this year: White House official
    Published Fri, Jul 20 2018 2:28 PM by CNBC
    Please check back for updates.
  • 1:53 PM » In New York City, Even the Cheapest Homes Are Waiting for Buyers
    Published Fri, Jul 20 2018 1:53 PM by Bloomberg
    Bloomberg In New York City, Even the Cheapest Homes Are Waiting for Buyers Bloomberg It's not just luxury-home listings that are piling up in New York City. Even units for less than $1 million -- within reach of far more people than a Billionaires' Row penthouse -- are hurting for buyers. In Manhattan, the inventory of sub-$1 million ...
  • 1:34 PM » State Unemployment since 1976
    Published Fri, Jul 20 2018 1:34 PM by Calculated Risk Blog
    Earlier I posted the BLS release for state unemployment rates in June. I've been posting a graph showing the number of states with unemployment rates above certain levels since 2006. Since all of the state series began in 1976, below is a graph showing state unemployment rates since 1976. Only one state has never had an unemployment rate below 6% (Alaska with a minimum is 6.3% in 1999).  So Dark Blue on the graph below never reaches zero. For interest, note the impact of Hurricane Katrina in 2005 when the unemployment rate for Louisiana increased sharply from 5.4% to 11.3% in one month, and the unemployment rate for Mississippi increased from 6.9% to 9.8%. Click on graph for larger image. This graph shows the number of states (and D.C.) with unemployment rates at or above certain levels since January 1976. At the worst of the great recession, there were 11 states with an unemployment rate at or above 11% (red). At the worst of the early '80s recession, there were 18 states with an employment rate at or above 11%. Currently only one state, Alaska, has an unemployment rate at or above 7% (light blue); And only Alaska is above 6% (dark blue).
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 12:59 PM » Factbox: Impact of U.S-China trade tariffs on U.S. companies
    Published Fri, Jul 20 2018 12:59 PM by Reuters
    Several U.S. companies are putting in place measures to cushion the impact of escalating trade tensions between the United States and China.
  • 12:08 PM » Traders expect that the Fed probably will ignore Trump's rate complaints
    Published Fri, Jul 20 2018 12:08 PM by CNBC
    President Donald Trump's criticism of monetary policy won't have much impact on how the Federal Reserve goes about its business, judging by initial market reaction. While making for more eye-popping headlines out of the Oval Office, the president's complaints that rising interest rates are hampering the economic progress made under Trump did not move the fed funds futures market, where traders make bets about the Fed's future moves.
  • 11:14 AM » Canada's Economy Strengthens as CPI, Retail Sales Beat Forecasts
    Published Fri, Jul 20 2018 11:14 AM by Bloomberg
    Bloomberg Canada's Economy Strengthens as CPI, Retail Sales Beat Forecasts Bloomberg Canada's economy is proving increasingly robust in the second quarter, with inflation and retail sales coming in ahead of economists' expectations. The consumer price index recorded an annual pace of 2.5 percent in June, the fastest year-over-year ... and more »
  • 10:48 AM » BLS: Unemployment Rates Lower in 9 states in June, Oregon at New Low
    Published Fri, Jul 20 2018 10:48 AM by Calculated Risk Blog
    From the BLS: Regional and State Employment and Unemployment Summary Unemployment rates were lower in June in 9 states , higher in 3 states, and stable in 38 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. Ten states had jobless rate decreases from a year earlier and 40 states and the District had little or no change. The national unemployment rate rose by 0.2 percentage point from May to 4.0 percent but was 0.3 point lower than in June 2017. ... Hawaii had the lowest unemployment rate in June, 2.1 percent. The rate in Oregon (4.0 percent) set a new series low. (All state series begin in 1976.) Alaska had the highest jobless rate, 7.1 percent. emphasis added Click on graph for larger image. This graph shows the number of states (and D.C.) with unemployment rates at or above certain levels since January 2006. At the worst of the employment recession, there were 11 states with an unemployment rate at or above 11% (red). Currently only one state, Alaska, has an unemployment rate at or above 7% (light blue); And only Alaska is above 6% (dark blue).
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:18 AM » Biggest risk in bond market isn't rising rates or Fed vs. Trump. It's the inverted yield curve.
    Published Fri, Jul 20 2018 10:18 AM by CNBC
    The bond market event that investors need to be following isn't Trump's sudden attack on the Federal Reserve or the rising interest rates that current Fed policy is dictating, but the risk of an inverted yield curve. It is a recession precursor.
  • 9:36 AM » Has Housing Market Activity Peaked?
    Published Fri, Jul 20 2018 9:36 AM by Calculated Risk Blog
    Following the release of housing starts this week, Sharon Nunn wrote in the WSJ: Housing Market Stumbles at the Beginning of Summer . She quoted Ian Shepherdson, chief economist at Pantheon Macroeconomics as telling clients: "Housing market activity - sales and construction - likely has peaked for this cycle." If correct, that would be significant for the economy. First, I think it is likely that existing home sales will move more sideways going forward. However it is important to remember that new home sales are more important for jobs and the economy than existing home sales. Since existing sales are existing stock, the only direct contribution to GDP is the broker's commission. There is usually some additional spending with an existing home purchase - new furniture, etc. - but overall the economic impact is small compared to a new home sale. Also I think the growth in multi-family starts is behind us, and that multi-family starts peaked in June 2015. See: Comments on June Housing Starts For the economy, what we should be focused on are single family starts and new home sales . As I noted in Investment and Recessions "New Home Sales appears to be an excellent leading indicator, and currently new home sales (and housing starts) are up solidly year-over-year, and this suggests there is no recession in sight." If new home sales and single family starts have peaked that would be a significant warning sign.   Although housing is under pressure from policy (negative impact from tax, immigration and trade policies), I do not think housing has peaked, and I think new home sales and single family starts will increase further over the next couple of years.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:09 AM » Trump hits the Fed again in tweet: 'Tightening now hurts all that we have done'
    Published Fri, Jul 20 2018 9:09 AM by CNBC
    Trump hits the Fed again in tweet: 'Tightening now hurts all that we have done'<br/>https://www.cnbc.com/2018/07/20/trump-hits-the-fed-again-in-tweet-tightening-now-hurts-all-that-we-h.html
  • 8:58 AM » Imminent yield curve inversion 'real possibility': Fed's Bullard
    Published Fri, Jul 20 2018 8:58 AM by Reuters
    Imminent yield curve inversion 'real possibility': Fed's Bullard
  • 8:27 AM » Putin Hedges Trump Bet by Dumping Treasuries to Safeguard Assets
    Published Fri, Jul 20 2018 8:27 AM by Bloomberg
    Bloomberg Putin Hedges Trump Bet by Dumping Treasuries to Safeguard Assets Bloomberg Russian officials are hoping Vladimir Putin's rapport with Donald Trump will lead to rapprochement with the U.S. But they're not taking any chances. A U.S. Treasury report this week appears to show Russia liquidating dollar assets at a record pace ...
  • 8:06 AM » U.S. trade tariffs set to leave Mnuchin in cold at G20 meeting
    Published Fri, Jul 20 2018 8:06 AM by Reuters
    U.S. trade tariffs set to leave Mnuchin in cold at G20 meeting
  • 8:02 AM » US Treasury yields higher despite Trump's criticism of the Fed
    Published Fri, Jul 20 2018 8:02 AM by CNBC
    U.S. government debt prices were lower on Friday morning, as traders digested criticism of the Federal Reserve from President Donald Trump.
  • Thu, Jul 19 2018
  • 1:39 PM » California Bay Area Home Sales Decline 13 Percent YoY in June
    Published Thu, Jul 19 2018 1:39 PM by Calculated Risk Blog
    Here are some Bay Area stats from Pacific Union chief economist Selma Hepp: Are Bay Area Housing Markets Getting the Jitters? June's Median Price Growth Doesn't Suggest So. • Bay Area home sales dropped by 13 percent year over year in June. • Sales in Sonoma and Napa counties slowed by more than 20 percent, while activity in San Francisco, Marin, and Alameda counties declined by about 10 percent. • Sales of homes priced at less than $1 million fell at the fastest rate seen in two years, down by 28 percent, driven by 50 percent drops in San Mateo and Santa Clara counties. • Sales of homes priced above $1 million continued to grow; however, June's increase was the smallest seen in a year. • Inventory dropped by 2 percent, but the decline was the smallest seen over the last year.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 1:39 PM » American Homeowners Still Have a Big Underinsurance Problem
    Published Thu, Jul 19 2018 1:39 PM by www.realtor.com
    Many U.S. homeowners are inadequately insured for natural-catastrophe damage ahead of the height of the Atlantic hurricane season. The post American Homeowners Still Have a Big Underinsurance Problem appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 1:38 PM » Does the Fifth Circuit's decision finding the FHFA is unconstitutionally structured presage a similar fate for the CFPB?
    Published Thu, Jul 19 2018 1:38 PM by www.consumerfinancemonitor.com
    The issue of the CFPB’s constitutionality is currently before the Fifth Circuit in the interlocutory appeal of All American Check Cashing from the district court's ruling upholding the CFPB's constitutionality. As a result, the Fifth Circuit’s decision issued earlier this week which found that the Federal Housing Finance Agency (FHFA) is unconstitutionally structured because it... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 11:34 AM » Remodeling Confidence Increases Despite Rising Costs
    Published Thu, Jul 19 2018 11:34 AM by eyeonhousing.org
    The Remodeling Market Index (RMI) rose one point to 58 in the second quarter of 2018, according to the National Association of Home Builders (NAHB). A RMI reading above 50 indicates that more remodelers report market activity is higher than report it is lower compared to the prior quarter. The RMI has been above 50 for 21 consecutive quarters (Figure... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 11:21 AM » Earlier: Philly Fed Manufacturing Survey "Continued to expand" in July
    Published Thu, Jul 19 2018 11:21 AM by Calculated Risk Blog
    From the Philly Fed: July 2018 Manufacturing Business Outlook Survey Regional manufacturing activity continued to expand in July, according to results from this month's Manufacturing Business Outlook Survey. All the broad indicators remained positive, with the general activity and new orders indexes improving this month. The survey's price indexes suggest widespread increases for purchased inputs, and more firms reported price increases for their own manufactured goods. Expectations for the next six months continued to moderate but remain positive overall. The diffusion index for current general activity increased 6 points this month . Over 44 percent of the manufacturers reported increases in overall activity this month, while 19 percent reported decreases. The new orders index rebounded 14 points after falling 23 points in June. ... The firms continued to report overall higher employment, but increases were not as widespread this month . Over 24 percent of the responding firms reported increases in employment this month, down from 34 percent last month. The current employment index fell 14 points to 16.8 . The current average workweek index declined 11 points. emphasis added Here is a graph comparing the regional Fed surveys and the ISM manufacturing index: Click on graph for larger image. The New York and Philly Fed surveys are averaged together (yellow, through July), and five Fed surveys are averaged (blue, through June) including New York, Philly, Richmond, Dallas and Kansas City. The Institute for Supply Management (ISM) PMI (red) is through June (right axis). This suggests the ISM manufacturing index will show solid expansion again in July.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:54 AM » Fed's banking supervisor backs new interest rate benchmark
    Published Thu, Jul 19 2018 10:54 AM by CNBC
    The Federal Reserve's banking supervisor gave his backing Thursday to a new interest rate benchmark for institutions to use when lending to each other.
  • 10:13 AM » Leading indicators up 0.5% in June, vs. expectations for 0.4% gain
    Published Thu, Jul 19 2018 10:13 AM by CNBC
    The Conference Board's Leading Economic Index was expected to gain in June.
  • 10:00 AM » How dirty is Miami real estate? Secret home deals dried up when feds started watching
    Published Thu, Jul 19 2018 10:00 AM by www.miamiherald.com
    How dirty is Miami real estate? Secret home deals dried up when feds started watching
    Click Here to Read the Full Article

    Source: www.miamiherald.com
  • 8:44 AM » U.S. weekly jobless claims drop to more than 48-1/2-year low
    Published Thu, Jul 19 2018 8:44 AM by Reuters
    The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in more than 48-1/2 years, as the labor market continues to strengthen.
  • 8:31 AM » U.S. trade official downplays effects of new tariffs: CNBC
    Published Thu, Jul 19 2018 8:31 AM by Reuters
    White House trade adviser Peter Navarro told CNBC on Thursday that U.S. President Donald Trump's trade strategy with China, which includes levying new tariffs that have sparked a trade clash, is not as disruptive as many describe.
  • 8:21 AM » AIA: Billings Increase for Ninth Consecutive Month
    Published Thu, Jul 19 2018 8:21 AM by www.builderonline.com
    AIA: Billings Increase for Ninth Consecutive Month
    Click Here to Read the Full Article

    Source: www.builderonline.com
  • 8:05 AM » Almost 70% of millennials regret buying their homes. Here's why.
    Published Thu, Jul 19 2018 8:05 AM by CNBC
    About four in 10 millennials are homeowners, but they're not necessarily happy about it.
  • 8:04 AM » Yield-Curve Inversion Imminent for Some, Long Way Off for Others
    Published Thu, Jul 19 2018 8:04 AM by Bloomberg
    Bloomberg Yield-Curve Inversion Imminent for Some, Long Way Off for Others Bloomberg For at least some analysts in the U.S. rates market, the question is not if the yield curve will invert, but when. The Treasuries curve keeps hitting its flattest levels since 2007, making every intraday twitch seem ominous as inversion is widely ...
  • Wed, Jul 18 2018
  • 4:32 PM » Phoenix Real Estate in June: Sales down 3%, Active Inventory down 10% YoY
    Published Wed, Jul 18 2018 4:32 PM by Calculated Risk Blog
    This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple Listing Service (ARMLS) reports ("Stats Report", table below): 1) Overall sales in June were down 3.3% year-over-year. 2) Active inventory is down 10.4% year-over-year.  This is the smallest YoY decrease this year.  In some cities, it appears the inventory decline might be ending, but not yet in Phoenix. This is the twentieth consecutive month with a YoY decrease in inventory. June Residential Sales and Inventory, Greater Phoenix Area, ARMLS   Sales YoY Change Active Inventory YoY Change Jun-13 8,228 --- 15,752 --- Jun-14 7,219 -12.3% 24,462 55.3% Jun-15 8,674 20.2% 19,596 -19.9% Jun-16 8,861 2.2% 20,138 2.8% Jun-17 9,391 6.0% 17,682 -12.2% Jun-18 9,079 -3.3% 15,851 -10.4%
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 4:31 PM » Fed walks careful line on trade, but downside risks emerging
    Published Wed, Jul 18 2018 4:31 PM by Reuters
    Federal Reserve Chairman Jerome Powell's official line on U.S. trade policy is one of careful deference to the Trump administration, acknowledging it is outside the Fed's responsibility and that it might all turn out for the best.
  • 3:18 PM » You've Probably Never Heard of the Most Expensive Home Maintenance Task
    Published Wed, Jul 18 2018 3:18 PM by www.realtor.com
    The average cost of maintaining a home is more than $16,000-a year, says a recent report. You'll never guess the most expensive home maintenance task. The post You’ve Probably Never Heard of the Most Expensive Home Maintenance Task appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 3:18 PM » Fed's Beige Book: Economic Growth "moderate or modest", "concern about tariffs", "Shrinking Margins"
    Published Wed, Jul 18 2018 3:18 PM by Calculated Risk Blog
    Concern about tariffs. Shrinking margins. Slow growth in existing home sales. Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Boston based on information collected on or before July 9, 2018. " Economic activity continued to expand across the United States, with 10 of the 12 Federal Reserve Districts reporting moderate or modest growth . The outliers were the Dallas District, which reported strong growth driven in part by the energy sector, and the St. Louis District where growth was described as slight. Manufacturers in all Districts expressed concern about tariffs and in many Districts reported higher prices and supply disruptions that they attributed to the new trade policies. All Districts reported that labor markets were tight and many said that the inability to find workers constrained growth. Consumer spending was up in all Districts with particular strength in Dallas and Richmond. Contacts reported higher input prices and shrinking margins . Six Districts specifically mentioned trucking capacity as an issue and attributed it to a shortage of commercial drivers. Contacts in several Districts reported slow growth in existing home sales but were not overly concerned about rising interest rates. Commercial real estate was largely unchanged. ... Employment continued to rise at a modest to moderate pace in most Districts. Labor markets were described as tight , with most Districts reporting firms had difficulty finding qualified labor. ... On balance, wage increases were modest to moderate , with some differences across sectors; a couple of Districts cited a pickup in the pace of wage growth. emphasis added
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 1:45 PM » Fed's Powell quizzed again on trade risks by U.S. House
    Published Wed, Jul 18 2018 1:45 PM by Reuters
    Federal Reserve Chairman Jerome Powell, questioned by members of a House congressional committee, repeated on Wednesday that rising world protectionism would over time pose a risk to a U.S. and global expansion that appears largely on track to continue.
  • 1:45 PM » Financial, industrial stocks lift S&P 500 above five-month high
    Published Wed, Jul 18 2018 1:45 PM by Reuters
    The benchmark S&P 500 breached five-month high on Wednesday, boosted by gains in financial and industrial stocks as marquee companies posted strong results and bolstered expectations of a solid second quarter.
  • 12:04 PM » This unusual move in the bond market appears to be signaling interest rates are about to break out
    Published Wed, Jul 18 2018 12:04 PM by CNBC
    The yield on the 10-year Treasury note, the benchmark used to price all kinds of loans, is acting like it is ready to break out.
  • 11:29 AM » How student loans are making some people abandon their dreams
    Published Wed, Jul 18 2018 11:29 AM by CNBC
    People take on student loans to study the field they want to one day work in. But the debt can have a less desirable impact also.
  • 10:22 AM » AIA: "June architecture firm billings stay positive"
    Published Wed, Jul 18 2018 10:22 AM by Calculated Risk Blog
    Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: June architecture firm billings stay positive Architecture firm billings slowed in June but remained positive for the ninth consecutive month, according to a new report today from The American Institute of Architects (AIA). AIA's Architecture Billings Index (ABI) score for June was 51.3 compared to 52.8 in May; it remains positive since any score over 50 represents billings growth. As a result, June's ABI shows that demand for architecture firm services continues to improve across all sectors. "Architects continue to see increases in demand for their services this summer, with new project work coming in at a healthy pace," said AIA Chief Economist Kermit Baker, Hon. AIA, PhD. "However, business conditions are beginning to vary across the country. While essentially remaining flat in the Northeast and Midwest, billings jumped in the South while dropping in the West." ... • Regional averages: West (46.9), Midwest (49.8), South (57.4), Northeast (50.2) • Sector index breakdown: multi-family residential (54.6), institutional (51.6), commercial/industrial (53.4), mixed practice (49.3) emphasis added Click on graph for larger image. This graph shows the Architecture Billings Index since 1996. The index was at 51.3 in June, down from 52.8 in May. Anything above 50 indicates expansion in demand for architects' services. Note: This includes commercial and industrial facilities like hotels and office buildings, multi-family residential, as well as schools, hospitals and other institutions. According to the AIA, there is an "approximate nine to twelve month lag time between architecture billings and construction spending" on non-residential construction.  This index was positive in 11 of the last 12 months, suggesting a further increase in CRE investment in 2018 and early 2019.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:23 AM » White House economic advisor Kudlow says no recession is in sight right now
    Published Wed, Jul 18 2018 9:23 AM by CNBC
    White House economic advisor Kudlow says no recession is in sight right now|| 105337337
1 2 3 4 5 Next > ... Last »
Did you know?
You can see a list of all comments on MND by clicking the 'Read the Latest Comments' option under the 'Community' menu.
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 4.63%
  • |
  • 15 Yr FRM 4.13%
  • |
  • Jumbo 30 Year Fixed 4.50%
MBS Prices:
  • 30YR FNMA 4.5 103-29 (-0-05)
  • |
  • 30YR FNMA 5.0 105-22 (-0-04)
  • |
  • 30YR FNMA 5.5 106-25 (-0-03)
Recent Housing Data:
  • Mortgage Apps -2.60%
  • |
  • Refinance Index -3.69%
  • |
  • Purchase Index -1.98%