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  • Tue, Sep 11 2018
  • 3:10 PM » Proposed House Bill Would Set National Data Security Standards for Financial Services Industry
    Published Tue, Sep 11 2018 3:10 PM by www.consumerfinancemonitor.com
    A new bill introduced by House Financial Services subcommittee Chairman Rep. Blaine Luetkemeyer would significantly change data security and breach notification standards for the financial services and insurance industries. Most notably, the proposed legislation would create a national standard for data security and breach notification and preempt all current state law on the matter. Breach Notification Standard... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 2:03 PM » Hurricane Season Bears Down—With 7 Million Homes at Risk and a Federal Flood-Insurance Program Set to Expire
    Published Tue, Sep 11 2018 2:03 PM by www.realtor.com
    Millions of homes across the U.S. sit in harm's way this hurricane season, and the resulting damage could be in the trillions of dollars. The post Hurricane Season Bears Down-With 7 Million Homes at Risk and a Federal Flood-Insurance Program Set to Expire appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 2:02 PM » Leading Index for Commercial Real Estate "Falters" in August
    Published Tue, Sep 11 2018 2:02 PM by Calculated Risk Blog
    From Dodge Data Analytics: Dodge Momentum Index Falters in August The Dodge Momentum Index fell 2.9% in August to 164.1 (2000=100) from the revised July reading of 169.0 . The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. emphasis added Click on graph for larger image. This graph shows the Dodge Momentum Index since 2002. The index was at 164.1 in August, down from 169.0 in July. According to Dodge, this index leads "construction spending for nonresidential buildings by a full year". This index suggests further growth into 2019.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 2:02 PM » Investors finally embrace big single-family rental companies a decade after the financial crisis
    Published Tue, Sep 11 2018 2:02 PM by CNBC
    A decade after the housing crash, the institutional play on single-family rentals is thriving.
  • 11:55 AM » Florence May Be One of the Top-10 Most Expensive US Hurricanes
    Published Tue, Sep 11 2018 11:55 AM by Bloomberg
    Bloomberg Florence May Be One of the Top-10 Most Expensive US Hurricanes Bloomberg Florence, a Category 4 hurricane now threatening the Carolinas, could cause as much as $27 billion in damages, making it the ninth most-expensive storm to hit the U.S.. The top 10 costliest U.S. hurricanes include Katrina, which devastated New Orleans ...
  • 11:22 AM » Construction Job Openings Rise Again in July
    Published Tue, Sep 11 2018 11:22 AM by eyeonhousing.org
    The count of unfilled jobs in the construction sector increased in July, reaching yet another post-Great Recession high level. The rate of open construction sector jobs also matched a prior cyclical high. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs increased to 273,000 in July. The prior post-recession high... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 10:33 AM » Wholesale inventories rise 0.6% in July, vs. 0.7% expected
    Published Tue, Sep 11 2018 10:33 AM by CNBC
    Wholesale inventories rise 0.6% in July, vs. 0.7% expected|| 105443939.
  • 10:16 AM » BLS: Job Openings "Little Changed" in July
    Published Tue, Sep 11 2018 10:16 AM by Calculated Risk Blog
    Notes: In July there were 6.939 million job openings, and, according to the July Employment report, there were 6.234 million unemployed. So, for the fourth consecutive month, there were more job openings than people unemployed. Also note that the number of job openings has exceeded the number of hires since January 2015. From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 6.9 million on the last business day of July , the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were little changed at 5.7 million and 5.5 million, respectively. Within separations, the quits rate was little changed at 2.4 percent and the layoffs and discharges rate was unchanged at 1.1 percent. ... The number of quits was little changed in July at 3.6 million . The quits rate was 2.4 percent. The number of quits edged up for total private (+109,000) and was little changed for government. Quits increased in accommodation and food services (+61,000), other services (+49,000), and educational services (+12,000). emphasis added The following graph shows job openings (yellow line), hires (dark blue), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS. This series started in December 2000. Note: The difference between JOLTS hires and separations is similar to the CES (payroll survey) net jobs headline numbers. This report is for July, the most recent employment report was for August. Click on graph for larger image. Note that hires (dark blue) and total separations (red and light blue columns stacked) are pretty close each month. This is a measure of labor market turnover.  When the blue line is above the two stacked columns, the economy is adding net jobs - when it is below the columns, the economy is losing jobs. Jobs openings increased in July to 6.939 million from 6.822 million in June. The number of job openings (yellow) are up 12% year-over-year...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:00 AM » Ten years after Lehman, spotting the next crisis: McGeever
    Published Tue, Sep 11 2018 10:00 AM by Reuters
    As financial market participants reflect on the 10th anniversary of Lehman Brothers' collapse, the consensus is there will be no repeat of the near-death experience, largely because authorities simply will not allow it.
  • 9:38 AM » Small Business Optimism Index increased in August
    Published Tue, Sep 11 2018 9:38 AM by Calculated Risk Blog
    From the National Federation of Independent Business (NFIB): August 2018 Report: Small Business Optimism Index The NFIB Small Business Optimism Index soared to 108.8 in August, a new record in the survey's 45-year history, topping the July 1983 highwater mark of 108. .. After posting significant gains in employment in July, job creation slowed among small firms in August, perhaps because there were fewer workers available to hire because job openings hit a 45 year record high . Fifteen percent (down 2 points) reported increasing employment an average of 3.2 workers per firm and 10 percent (down 1 point) reported reducing employment an average of 2.4 workers per firm (seasonally adjusted). Sixty-two percent reported hiring or trying to hire (up 3 points), but 55 percent (up 3 points and 89 percent of those hiring or trying to hire) reported few or no qualified applicants for the positions they were trying to fill. A record 25 percent of owners cited the difficulty of finding qualified workers as their Single Most Important Business Problem (up 2 points). Thirty-eight percent of all owners reported job openings they could not fill in the current period, a new survey record high. emphasis added Click on graph for larger image. This graph shows the small business optimism index since 1986. The index increased to 108.8 in August. Note: Usually small business owners complain about taxes and regulations.  However, during the recession, "poor sales" was the top problem. Now the difficulty of finding qualified workers is the top problem.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:17 AM » The Fed thinks it's safe to keep hiking rates — it's wrong, market researcher says
    Published Tue, Sep 11 2018 9:17 AM by CNBC
    The Fed needs to slow its roll to avoid "breaking" the economy, says James Bianco, president of Bianco Research.
  • 8:40 AM » Dodd-Frank changed consumer protections after the financial crisis — here's how that's working out
    Published Tue, Sep 11 2018 8:40 AM by CNBC
    Some banking regulations were rolled back this year, and the Consumer Financial Protection Bureau - which was created by the 2010 measure - looks different than it did just a year ago.
  • 8:25 AM » Canada's Freeland to hold NAFTA talks on Tuesday as time runs short
    Published Tue, Sep 11 2018 8:25 AM by Reuters
    Canada's Freeland to hold NAFTA talks on Tuesday as time runs short
  • 8:17 AM » Diamond Calls for Higher Rates Today to Fight Crisis Tomorrow
    Published Tue, Sep 11 2018 8:17 AM by Bloomberg
    Bloomberg Diamond Calls for Higher Rates Today to Fight Crisis Tomorrow Bloomberg Bob Diamond, the former chief executive officer of Barclays Plc, joined the chorus of financial leaders calling for central banks to raise interest rates so they have more flexibility to address future crises. "There is no question that we have to ...
  • 8:13 AM » More than 1.5 million ordered to evacuate as Hurricane Florence threatens Carolinas
    Published Tue, Sep 11 2018 8:13 AM by Reuters
    More than 1.5 million people were ordered to evacuate their homes along the U.S. Atlantic coast as Hurricane Florence, a Category 4 storm and the most powerful to menace the Carolinas in nearly three decades, barreled in on Tuesday.
  • Mon, Sep 10 2018
  • 3:33 PM » ETF Buyers Hunting for Yield Bet on Treasuries
    Published Mon, Sep 10 2018 3:33 PM by Bloomberg
    Bloomberg ETF Buyers Hunting for Yield Bet on Treasuries Bloomberg Investors are piling into a fund focused on long-duration Treasury bonds amid bets that interest rates on short-term U.S. debt will stay low. The iShares 20+ Year Treasury Bond ETF, known as TLT, took in $1.6 billion last week, the most since September ... and more »
  • 1:38 PM » Mapping the boom in nonbank mortgage lending—and understanding the risks
    Published Mon, Sep 10 2018 1:38 PM by webfeeds.brookings.edu
    In the decade since the financial crisis, nonbank mortgage companies-for example Quicken Loans, Inc., Freedom Mortgage Company, loanDepot.com, and Caliber Home Loans, Inc., just to name a few-have played a crucial role in maintaining access to mortgage credit.[1] Nonbanks originated about half of all mortgages in 2016, up sharply from 20 percent in 2007. The share…                
    Click Here to Read the Full Article

    Source: webfeeds.brookings.edu
  • 12:58 PM » This is the U.S. city where millennials carry the highest debt
    Published Mon, Sep 10 2018 12:58 PM by CNBC
    Millennials in this Texas city have more than $27,000 in personal debt, according to a new LendingTree report. Across the U.S., millennials living in the 50 biggest cities are carrying more than $23,000 in personal debt (excluding mortgages). And while student loans are the biggest proportion of debt among those ages 22 to 37, auto loans and credit card balances are not far behind.
  • 12:40 PM » Hotels: Occupancy Rate On Pace for Record Year
    Published Mon, Sep 10 2018 12:40 PM by Calculated Risk Blog
    From HotelNewsNow.com: STR: US hotel results for week ending 1 September The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 26 August through 1 September 2018, according to data from STR. In comparison with the week of 27 August through 2 September 2017, the industry recorded the following: • Occupancy: +1.6% to 67.0% • Average daily rate (ADR): +3.0% to US$125.16 • Revenue per available room (RevPAR): +4.6% to US$83.88 ... In comparison with the week that followed the landfall of Hurricane Harvey in 2017, Houston, Texas, reported the steepest declines in ADR (-4.2% to US$95.94) and RevPAR (-19.2% to US$55.94). The market also matched for the largest drop in occupancy (-15.6% to 58.3%). emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average. Click on graph for larger image. The red line is for 2018, dash light blue is 2017, blue is the median, and black is for 2009 (the worst year probably since the Great Depression for hotels). The occupancy rate, to date, is just ahead of the record year in 2017. Note: 2017 finished strong due to the impact of the hurricanes, but the overall occupancy was up this week year-over-year even though the Houston area saw a sharp year-over-year decline (boosted last year by Hurricane Harvey). Data Source: STR, Courtesy of HotelNewsNow.com
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 12:20 PM » Been There, Done That — Housing is Still Somewhat Affordable
    Published Mon, Sep 10 2018 12:20 PM by blog.stewart.com
    Ever get that Déjà Vu all over again feeling - like you have been there and done that? Déjà Vu is French for Already Seen -and that appropriately describes what is going on in housing markets and interest rates today. Up front we need to recognize that interest rates in recent years and today are … Read more
    Click Here to Read the Full Article

    Source: blog.stewart.com
  • 9:59 AM » Intensifying Hurricane Florence Could Strike US Southeast
    Published Mon, Sep 10 2018 9:59 AM by Bloomberg
    Bloomberg Intensifying Hurricane Florence Could Strike US Southeast Bloomberg (AP) -- Rapidly intensifying Hurricane Florence could strike a direct and dangerous blow anywhere from the Carolinas to the Mid-Atlantic region later this week. Florence crossed the 74 mph threshold from tropical storm to a hurricane Sunday morning ... and more »
  • 9:36 AM » 10 years after the financial crisis, this retirement dilemma still hasn't been solved
    Published Mon, Sep 10 2018 9:36 AM by CNBC
    Recovery from the 2008 crash is largely a tale of the haves and have-nots. Yet what both groups have in common is a struggle to convert the assets they do have into steady pay in retirement.
  • 9:15 AM » Yield-curve hysteria is actually much ado about nothing
    Published Mon, Sep 10 2018 9:15 AM by CNBC
    Despite this yield curve's record of predicting recessions, investors should be looking at a historically more reliable curve: the near-term forward spread.
  • 8:28 AM » Nearly 6 in 10 workers are still recovering after the Great Recession
    Published Mon, Sep 10 2018 8:28 AM by CNBC
    Joe Vier, now 58, was on track for a secure retirement as an advertising executive in the Detroit auto industry. He was making over $100,000 a year and contributing to a 401(k). Then came 2008.
  • 8:03 AM » Fed's Rosengren Wants Two More Hikes in 2018 as Economy Grows
    Published Mon, Sep 10 2018 8:03 AM by Bloomberg
    Bloomberg Fed's Rosengren Wants Two More Hikes in 2018 as Economy Grows Bloomberg One more interest rate hike in 2018 won't satisfy Eric Rosengren's definition of gradual. In an interview, the president of the Federal Reserve Bank of Boston made clear that, barring an unexpected turn for the U.S. economy, he'll push for two more ...
  • 8:01 AM » Got Lousy Credit? 10 Places Where It Won't Stop You From Buying a Home
    Published Mon, Sep 10 2018 8:01 AM by www.realtor.com
    There are plenty of places where a poor credit score may not stand in the way of buyers seeking a mortgage for the home they've set their sights on. The post Got Lousy Credit? 10 Places Where It Won’t Stop You From Buying a Home appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • Fri, Sep 7 2018
  • 4:09 PM » People in the middle of the middle are richer than those in the middle, says Pew. Mmm.
    Published Fri, Sep 07 2018 4:09 PM by webfeeds.brookings.edu
    As if on cue, just a day after we published our definition of the middle class, Pew issued their latest report on the changing state and shape of the U.S. social classes, "The American middle class is stable in size, but losing ground financially to upper-income families". Let the wonk wars begin! Pew defines the…                
    Click Here to Read the Full Article

    Source: webfeeds.brookings.edu
  • 2:09 PM » Kudlow Says US Willing to Talk With China as Tariffs Loom
    Published Fri, Sep 07 2018 2:09 PM by Bloomberg
    Bloomberg Kudlow Says US Willing to Talk With China as Tariffs Loom Bloomberg President Donald Trump is willing to meet with Chinese leader Xi Jinping as the two nations square off over trade, but Beijing needs to show it's open to compromise, said White House economic adviser Larry Kudlow. Kudlow declined to say if the Trump ... and more »
  • 1:16 PM » Canada sees increasing chance NAFTA deal can be struck this month: source
    Published Fri, Sep 07 2018 1:16 PM by Reuters
    Canada's top trade negotiator and her American counterpart started a third day of talks to save the North American Free Trade Agreement on Friday as differences between the two sides appeared to have narrowed.
  • 12:46 PM » The New Mortgage Kings: They're Not Banks
    Published Fri, Sep 07 2018 12:46 PM by www.realtor.com
    Less-regulated lenders are bouncing back as little-known Freedom Mortgage issues more home loans than behemoths like Citigroup. The post The New Mortgage Kings: They're Not Banks appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 12:14 PM » Wessel's Economic Update: 5 points on the 10th anniversary of the financial crisis
    Published Fri, Sep 07 2018 12:14 PM by webfeeds.brookings.edu
    Anniversaries are occasions for reflection. So you may hear quite a bit in the next couple of days about the 10th anniversary of worst moments of the global financial crisis back in Sept 2008. I've been doing a bit of reflection myself as we at the Hutchins Center prepare for a conference at which architects…                
    Click Here to Read the Full Article

    Source: webfeeds.brookings.edu
  • 11:02 AM » Strong jobs report gives Fed the green light for more rate increases
    Published Fri, Sep 07 2018 11:02 AM by CNBC
    August's surprise jump in wages could be a sign of more wage growth ahead- good news for workers and a green light for the Fed when it comes to interest rates hikes.
  • 10:32 AM » Canada optimistic NAFTA deal can be struck this month: source
    Published Fri, Sep 07 2018 10:32 AM by Reuters
    Canada is increasingly optimistic it can reach a deal with the United States to salvage the North American Free Trade Agreement, although it may take until the end of September, a source with direct knowledge of the talks said on Friday.
  • 9:55 AM » Interest rate futures traders see more Fed hikes next year
    Published Fri, Sep 07 2018 9:55 AM by Reuters
    Bets are building that the Federal Reserve will follow this year's interest rate hikes with more next year after the U.S. government reported on Friday that the country's employers accelerated hiring in August and increased wages more than expected.
  • 9:39 AM » Where are the Nation's Older Homes?
    Published Fri, Sep 07 2018 9:39 AM by eyeonhousing.org
    In previous posts, NAHB examined the age of owner-occupied housing stocks at both national and state levels. The median age of owner-occupied homes in the U.S. stood at 37 years in 2016, based on the most recent available data. New York has the oldest owner-occupied housing stock among the 50 states. It is worthwhile to examine the age of owner-occupied... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 9:16 AM » Rental Glut Sends Chill Through the Hottest US Housing Markets
    Published Fri, Sep 07 2018 9:16 AM by Bloomberg
    Bloomberg Rental Glut Sends Chill Through the Hottest US Housing Markets Bloomberg Seattle is known for its hip neighborhoods, soaring home prices, and being home to Amazon.com Inc., the world's most valuable company. So why is its rental housing market experiencing the most severe slowdown in the U.S.? Seattle-area median rents ... and more »
  • 8:38 AM » Wage growth posts recovery high in August; payroll growth also beats expectations
    Published Fri, Sep 07 2018 8:38 AM by CNBC
    Long-awaited wage growth posted a recovery high in August while payroll gains beat expectations and the unemployment rate held near a generational low of 3.9 percent, according to a Bureau of Labor Statistics report Friday.
  • 8:13 AM » U.S. job growth seen picking up, unemployment rate falling
    Published Fri, Sep 07 2018 8:13 AM by Reuters
    U.S. job growth seen picking up, unemployment rate falling
  • 8:02 AM » Rosengren says Fed should continue gradually raising rates
    Published Fri, Sep 07 2018 8:02 AM by CNBC
    Rosengren says Fed should continue gradually raising rates|| 105438195
  • 8:02 AM » New York Fed's Williams on Yield Curve, Neutral Rate
    Published Fri, Sep 07 2018 8:02 AM by Bloomberg
    Bloomberg New York Fed's Williams on Yield Curve, Neutral Rate Bloomberg John Williams left the helm of the Federal Reserve Bank of San Francisco to assume the same post at the New York Fed in June, boosting his role to vice chairman of the Federal Open Market Committee and giving him a permanent vote on monetary policy. and more »
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