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  • Wed, Sep 23 2020
  • 4:16 PM » Fed's Evans says he doesn't fear 2.5% inflation, or even above
    Published Wed, Sep 23 2020 4:16 PM by Reuters
    (Reuters) - The Federal Reserve will keep interest rates at zero until the economy reaches full employment, inflation is "sustainably" at 2% and the Fed is confident it will overshoot that goal, Chicago Federal Reserve President Charles Evans said Wednesday.
  • 4:16 PM » Fed's Rosengren says economy is more fragile than data suggests
    Published Wed, Sep 23 2020 4:16 PM by Market Watch
    Boston Fed President Eric Rosengren said Wednesday that he is less optimistic about the economic outlook than many of his colleagues, despite encouraging economic data over the summer.
  • 2:19 PM » AIA: "Architectural billings in August still show little sign of improvement"
    Published Wed, Sep 23 2020 2:19 PM by Calculated Risk Blog
    Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architectural billings in August still show little sign of improvement Business conditions remained stalled at architecture firms during August as demand for design services continued to decline , according to a new report from the American Institute of Architects (AIA). The pace of decline during August remained at about the same level as in July and June, posting an Architecture Billings Index (ABI) score of 40.0 (any score below 50 indicates a decline in firm billings). Inquiries into new projects during August grew for the first time since February, and the value of new design contracts increased to a score of 46.0. As a result, fewer firms reported a decline in August, despite the fact that they remained negative overall. "Unfortunately, since the start of the COVID-19 pandemic, many architecture firms are finding fewer inquiries that convert to billable projects," said AIA Chief Economist, Kermit Baker, Hon. AIA, PhD. "While fewer firms reported declining billings in August than during the early months of the COVID-19 pandemic, the fact that the score has been unchanged for the last three months shows that the recovery from this downturn is not progressing at the pace we had hoped to see." ... • Regional averages: Midwest (41.7); South (41.6); West (41.3); Northeast (33.9) • Sector index breakdown: multi-family residential (49.4); mixed practice (41.9); institutional (40.2); commercial/industrial (35.5) emphasis added Click on graph for larger image. This graph shows the Architecture Billings Index since 1996. The index was at 40.0 in August, unchanged from 40.0 in July. Anything below 50 indicates contraction 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. This index has...
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    Source: Calculated Risk Blog
  • 9:32 AM » New Homes Account for 3.7% of the US Energy Consumption
    Published Wed, Sep 23 2020 9:32 AM by
    The residential sector, including single-family, multifamily, and manufactured housing, accounts for about 21.2% of the US energy consumption, according to the 2020 Energy Information Administration's (EIA) Annual Energy Review. New homes built since 2000 account for just 3.7% of the total energy consumed in the U.S., according to NAHB's analysis of the 2015 Residential Energy Consumption Survey (RECS) data from... Read More › The post New Homes Account for 3.7% of the US Energy Consumption first appeared on Eye On Housing .
    Click Here to Read the Full Article

  • 8:03 AM » Treasury yields climb ahead of data and Fed's Powell testimony
    Published Wed, Sep 23 2020 8:03 AM by CNBC
    U.S. government debt prices were lower Wednesday morning as investors monitored economic data and further testimony from Federal Reserve Chairman Jerome Powell.
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Mortgage Rates:
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  • 15 Yr FRM 2.56%
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