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  • Fri, May 1 2015
  • 4:18 PM » Fed's Williams Says Monetary-Policy Rule Wouldn't Work for Fed
    Published Fri, May 01 2015 4:18 PM by Bloomberg
    Fed's Williams Says Monetary-Policy Rule Wouldn't Work for Fed Bloomberg Forcing the Federal Reserve to follow a monetary policy rule would undermine effective policy-making, San Francisco Fed President John Williams said. His comments come after House Republicans proposed legislation last year to limit how the Fed makes ...
  • 3:29 PM » Is Credit Too Tight, or is Demand Too Soft?
    Published Fri, May 01 2015 3:29 PM by www.builderonline.com
    CNBC reporter Diana Olick discusses whether the blame for the housing market's slow growth lies more with lenders and their tight underwriting, or with borrowers and they're lack of resources.
    Click Here to Read the Full Article

    Source: www.builderonline.com
  • 2:06 PM » Chase says its website is temporarily unavailable
    Published Fri, May 01 2015 2:06 PM by CNBC
    Please check back for further updates..
  • 12:16 PM » Half of salary on housing
    Published Fri, May 01 2015 12:16 PM by CNBC
    More than one in four U.S. renters have to use at least half their family income to pay for housing and utilities.
  • 11:34 AM » Mester says June 'on the table' for possible Fed rate hike
    Published Fri, May 01 2015 11:34 AM by Reuters
    PHILADELPHIA (Reuters) - The Federal Reserve is getting close to the appropriate time to raise interest rates and all scheduled policy meetings, including one in June, are "on the table" for a move, a top Fed official said on Friday.
  • 11:31 AM » First Loss Since 2013 Begs Question: Has Euro Bond Bubble Burst?
    Published Fri, May 01 2015 11:31 AM by Bloomberg
    First Loss Since 2013 Begs Question: Has Euro Bond Bubble Burst? Bloomberg After 15 straight months of gains, investors in euro-area sovereign bonds got a reminder that, even with the central bank buying, markets can go both ways. Now they need to work out whether this week's violent selloff marks the end of the rally. The Bloomberg ... and more »
  • 10:37 AM » Consumer sentiment at 2nd highest level since 2007
    Published Fri, May 01 2015 10:37 AM by CNBC
    Consumer sentiment in April was at its second highest level since 2007, according to a report released on Friday.
  • 10:36 AM » U.S. construction spending hits six-month low in March
    Published Fri, May 01 2015 10:36 AM by Reuters
    WASHINGTON, (Reuters) - U.S. construction spending fell in March to a six-month low as outlays on private residential construction spending declined sharply, which could add to concerns about the economy's ability to rebound strongly from the first-quarter's soft patch.
  • 10:36 AM » U.S. manufacturing growth holds at low level in April, employment shrinks: ISM
    Published Fri, May 01 2015 10:36 AM by Reuters
    NEW YORK (Reuters) - The pace of U.S. manufacturing growth held at its slowest in almost two years in April, as a rebound in new orders was offset by employment shrinking to its lowest level in more than five years, according to an industry report released on Friday.
  • 8:57 AM » Fed's Mester Says Improved Household Finance Supporting Outlook For Growth
    Published Fri, May 01 2015 8:57 AM by WSJ
    Federal Reserve Bank of Cleveland President Loretta Mester said Friday brighter household finances are providing notable support to the U.S. economy.
  • 1:29 AM » Where Is Buying Better Than Renting? In the 10 Cities Our Data Team ID'd
    Published Fri, May 01 2015 1:29 AM by www.realtor.com
    Our data scientists crunched the numbers to come up with the places where you can find the best home bargains. (Hint: Don't go west!) The post Where Is Buying Better Than Renting? In the 10 Cities Our Data Team ID’d appeared first on Real Estate News .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 1:29 AM » Q1 2015 GDP Details on Residential and Commercial Real Estate
    Published Fri, May 01 2015 1:29 AM by Calculated Risk Blog
    The BEA released the underlying details for the Q1 advance GDP report today. Yesterday, the BEA reported that investment in non-residential structures decreased at a 23.1% annual rate in Q1. All of the decline could be attributed to less petroleum exploration and less investment in electrical. Both declined at a 50% annual rate in Q1. There was some weakness in lodging investment, but that might be weather related. Excluding petroleum and electrical, non-residential investment in structures was unchanged in Q1. Click on graph for larger image. The first graph shows investment in offices, malls and lodging as a percent of GDP. Office, mall and lodging investment has increased a little recently, but from a very low level. Investment in offices increased slightly in Q1, is down about 43% from the recent peak (as a percent of GDP) and increasing from a very low level - and is still below the lows for previous recessions (as percent of GDP).  With the high office vacancy rate, office investment will only increase slowly. Investment in multimerchandise shopping structures (malls) peaked in 2007 and is down about 59% from the peak.   The vacancy rate for malls is still very high, so investment will probably stay low for some time. Lodging investment declined in Q1, but with the hotel occupancy rate near record levels, it is likely that hotel investment will increase in the near future.  Lodging investment peaked at 0.31% of GDP in Q3 2008 and is down about 65%.   The second graph is for Residential investment components as a percent of GDP. According to the Bureau of Economic Analysis, RI includes new single family structures, multifamily structures, home improvement, Brokers' commissions and other ownership transfer costs, and a few minor categories (dormitories, manufactured homes). Investment in single family structures is now back to being the top category for residential investment.  Home...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 1:28 AM » Tesla launches Tesla Energy line of batteries for homes, businesses and utilities
    Published Fri, May 01 2015 1:28 AM by CNBC
    This is a breaking news story. Tesla Motors launched late Thursday its Tesla Energy brand with a line of batteries designed for homes, businesses and utilities. Tesla has generated speculation about the device since CEO Elon Musk tweeted last month that it would not be a car.
  • 1:28 AM » Euro Holds Biggest Monthly Gain Since 2010 as U.S. Bulls Retreat
    Published Fri, May 01 2015 1:28 AM by Bloomberg
    Euro Holds Biggest Monthly Gain Since 2010 as U.S. Bulls Retreat Bloomberg The euro held its biggest monthly gain in 4 1/2 years as signs of life for the world's second-largest economic bloc contrasted with sluggish U.S. growth, turning the narrative of the previous three quarters on its head. Speculators had built up record bets the ... and more »
  • 1:27 AM » Friday: ISM Manufacturing, Auto Sales, Construction Spending
    Published Fri, May 01 2015 1:27 AM by Calculated Risk Blog
    Fannie Mae reported today that the Single-Family Serious Delinquency rate declined in March to 1.78% from 1.83% in February. The serious delinquency rate is down from 2.19% in March 2014, and this is the lowest level since September 2008. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Earlier Freddie Mac reported that the Single-Family serious delinquency rate was declined in March to 1.73%. Freddie's rate is down from 2.20% in March 2014, and is at the lowest level since December 2008. Freddie's serious delinquency rate peaked in February 2010 at 4.20%. Note: These are mortgage loans that are "three monthly payments or more past due or in foreclosure". Click on graph for larger image The Fannie Mae serious delinquency rate has fallen 0.41 percentage points over the last year - the pace of improvement has slowed - and at that pace the serious delinquency rate will be close to 1% in late 2016. The "normal" serious delinquency rate is under 1%, so maybe serious delinquencies will be close to normal at the end of 2016.  This elevated delinquency rate is mostly related to older loans - the lenders are still working through the backlog, especially in judicial foreclosure states like Florida. Friday: • At 10:00 AM ET, ISM Manufacturing Index for April . The consensus is for an increase to 52.0 from 51.5 in March. The ISM manufacturing index indicated expansion at 51.5% in March. The employment index was at 50.0%, and the new orders index was at 51.8%. • Also at 10:00 AM, Construction Spending for March. The consensus is for a 0.5% increase in construction spending. • Also at 10:00 AM, University of Michigan's Consumer sentiment index (final for April). The consensus is for a reading of 96.0, up from the preliminary reading of 95.9, and up from the March reading of 93.0. • All day: Light vehicle sales for April . The consensus is for light vehicle sales to decrease to 16.9 million SAAR in April from 17.05 million...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 1:27 AM » News Release - Fannie Mae Releases March 2015 Monthly ...
    Published Fri, May 01 2015 1:27 AM by Fannie Mae
    The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities.
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