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  • Tue, May 1 2018
  • 3:20 PM » Private Residential Spending Tumbles in March
    Published Tue, May 01 2018 3:20 PM by eyeonhousing.org
    NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate of $536.8 billion, down 3.6% in March. This is the biggest monthly decline since April 2009. It follows four months of strong consecutive gains, including the positively revised February growth of 1.2%. On an annual basis, total private residential... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 3:20 PM » Q1 2018 GDP Details on Residential and Commercial Real Estate
    Published Tue, May 01 2018 3:20 PM by Calculated Risk Blog
    The BEA has released the underlying details for the Q1 advance GDP report. The BEA reported that investment in non-residential structures increased at a 12.3% annual pace in Q1.  Investment in petroleum and natural gas exploration increased substantially recently, from a $55 billion annual rate in Q4 2016 to a $118 billion annual rate in Q1 2018 - but is still down from a recent peak of $165 billion in Q4 2014. Without the increase in petroleum and natural gas exploration, non-residential investment would be essentially unchanged year-over-year. Click on graph for larger image. The first graph shows investment in offices, malls and lodging as a percent of GDP. Investment in offices increased in Q1, and is up 1% year-over-year. Investment in multimerchandise shopping structures (malls) peaked in 2007 and was down slightly year-over-year in Q1.   The vacancy rate for malls is still very high, so investment will probably stay low for some time. Lodging investment increased in Q1, and lodging investment is up 14% year-over-year. 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). Home improvement was the top category for five consecutive years following the housing bust ... but now investment in single family structures has been back on top for the last four years and will probably stay there for a long time. However - even though investment in single family structures has increased from the bottom - single family investment is still very low, and still below the bottom for previous recessions as a percent of GDP. I expect further increases over the next few years. Investment in single family structures was $280 billion (SAAR) (about...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 1:42 PM » How Bad Is the Labor Shortage? Cities Will Pay You to Move There
    Published Tue, May 01 2018 1:42 PM by www.realtor.com
    Small towns across America, instead of offering incentives to employers, such as Amazon.com Inc., are giving it to workers-one by one. The post How Bad Is the Labor Shortage? Cities Will Pay You to Move There appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 1:42 PM » The Cost of Buying a Home Near the Train Is Shrinking
    Published Tue, May 01 2018 1:42 PM by Bloomberg
    Bloomberg The Cost of Buying a Home Near the Train Is Shrinking Bloomberg The premium that a condo near the train has long commanded is under threat. Ride-sharing services such as Uber Technologies Inc. and Lyft Inc., and the advent of electric vehicles and driverless cars, are poised to chip away at the higher prices that ... and more »
  • 12:53 PM » Investors continue buying bonds as 'the most hated bull market' in stocks is still a thing
    Published Tue, May 01 2018 12:53 PM by CNBC
    Investors are shoveling money into bonds at a furious pace, despite having reason to ditch the sector.
  • 12:25 PM » 2-year yield hits highest level since September 2008 as Fed meeting begins
    Published Tue, May 01 2018 12:25 PM by CNBC
    U.S. government debt prices slipped into negative territory on Tuesday.
  • 11:49 AM » First-Time Homebuyers Savings Account Program Could Have Economic Impact Up To $68.8 Million In Pennsylvania
    Published Tue, May 01 2018 11:49 AM by PR Newswire
    HARRISBURG, Pa., May 1, 2018 /PRNewswire-USNewswire/ -- Michelle Fournier just bought her first home in Lewisberry, York County. She laments having little to show for years of paying rent. "I didn't even get to take the tulips that I planted," she quipped. "Nothing was mine." But...
  • 11:08 AM » U.S. factory activity slows; construction spending tumbles
    Published Tue, May 01 2018 11:08 AM by Reuters
    WASHINGTON (Reuters) - U.S. factory activity slowed for a second straight month in April, weighed down by shortages of skilled workers and rising capacity constraints, but strengthening global demand continues to support manufacturing.
  • 10:10 AM » ISM Manufacturing index decreased to 57.3 in April
    Published Tue, May 01 2018 10:10 AM by Calculated Risk Blog
    The ISM manufacturing index indicated expansion in April. The PMI was at 57.3% in April, down from 59.3% in March. The employment index was at 54.2%, down from 57.3% last month, and the new orders index was at 61.2%, down from 61.9%. From the Institute for Supply Management: April 2018 Manufacturing ISM® Report On Business® Economic activity in the manufacturing sector expanded in April, and the overall economy grew for the 108th consecutive month, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: " The April PMI® registered 57.3 percent , a decrease of 2 percentage points from the March reading of 59.3 percent. The New Orders Index registered 61.2 percent , a decrease of 0.7 percentage point from the March reading of 61.9 percent. The Production Index registered 57.2 percent, a 3.8 percentage point decrease compared to the March reading of 61 percent. The Employment Index registered 54.2 percent , a decrease of 3.1 percentage points from the March reading of 57.3 percent. The Supplier Deliveries Index registered 61.1 percent, a 0.5 percentage point increase from the March reading of 60.6 percent. The Inventories Index registered 52.9 percent, a decrease of 2.6 percentage points from the March reading of 55.5 percent. The Prices Index registered 79.3 percent in April, a 1.2 percentage point increase from the March reading of 78.1 percent, indicating higher raw materials prices for the 26th consecutive month. Comments from the panel reflect continued expanding business strength. Demand remains strong, with the New Orders Index at 60 or above for the 12th straight month, and the Customers' Inventories Index remaining at low levels. The Backlog of Orders Index continued expanding, with its highest reading since May 2004, when it registered...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:02 AM » 30% of homeowners make a mistake that could cost them thousands
    Published Tue, May 01 2018 10:02 AM by CNBC
    A lot of homeowners are in the dark about the details of their finances, Bankrate finds.
  • 9:53 AM » Small business workers saw their wages grow at the strongest rate in 2 years: Survey
    Published Tue, May 01 2018 9:53 AM by CNBC
    The one-month annualized wage-growth rate was 3.25 percent, a two-year high, Paychex says.
  • 9:25 AM » Forget 3%. That Amazing Bull Run in Treasuries Ended Years Ago
    Published Tue, May 01 2018 9:25 AM by Bloomberg
    Bloomberg Forget 3%. That Amazing Bull Run in Treasuries Ended Years Ago Bloomberg Once again, the fate of the long-standing bull market in U.S. Treasuries hangs in the balance. Last week, bond yields briefly broke above 3 percent for the first time since 2014 and prominent investors like Paul Tudor Jones and Ray Dalio say a full-on ... and more »
  • 8:22 AM » Fannie Mae Releases March 2018 Monthly Summary | Fannie ...
    Published Tue, May 01 2018 8:22 AM by Fannie Mae
    News Release. Share This: April 30, 2018. Fannie Mae Releases March 2018 Monthly Summary. Matthew Classick. 202-752-3662. ...
  • 8:20 AM » Trump delays metal tariffs on Canada, EU, Mexico, exempts some others
    Published Tue, May 01 2018 8:20 AM by Reuters
    WASHINGTON (Reuters) - U.S. President Donald Trump has postponed the imposition of steel and aluminum tariffs on Canada, the European Union and Mexico until June 1, and has reached agreements for permanent exemptions for Argentina, Australia and Brazil, the White House said on Monday.
  • 8:19 AM » Freddie Mac Reports First Quarter 2018 Financial Results
    Published Tue, May 01 2018 8:19 AM by freddiemac.mwnewsroom.com
    Freddie Mac Reports First Quarter 2018 Financial Results
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 8:19 AM » Dollar goes positive for year before Fed meeting
    Published Tue, May 01 2018 8:19 AM by Reuters
    LONDON (Reuters) - The dollar broke into positive territory for the year on Tuesday and bond yields were creeping higher again, as rising oil prices fueled bets that the Federal Reserve will flag more U.S. rate hikes this week.
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