An aging housing stock is usually thought of as a problem. Older homes can be more expensive to maintain and easily fall into enough disrepair to be a health or safety hazard or completely uninhabitable. Construction since the housing crisis has not kept pace with the homes that age out or are otherwise removed from the housing stock and this means that the overall age of the U.S. housing stock is gradually aging. Na Zhao, writing in the National Association of Home Builders' (NAHB's) Eye on Housing blog says data from the 2016 American Community Survey (ACS) puts the median age of owner-occupied homes at 37 years compared to a median age of 31 years in 2005. The aging trend, as the figure below shows, accelerated during the Great Recession. Na Zhao, while not denying that the increasing age

August 10, 2018 Download our Mobile App: Download our Mobile App: Rob Chrisman Correspondent Product; Corp. Structure Changes - A Wealth of M&A This week in Salt Lake City, mPower hosted an event at the Lenders One Summer Conference, drawing nearly 400 people. The executive panel, led by MBA's Tricia Migliazzo, presented challenges and solutions in today's workplace and shared insights for w... (read more) Housing News Aging Housing Stock; Problem and Opportunity An aging housing stock is usually thought of as a problem. Older homes can be more expensive to maintain and easily fall into enough disrepair to be a health or safety hazard or completely uninhabitable. Construction since the housing crisis has not ... (read more) MBS Commentary MBS Live Day Ahead: Let's Talk Turkey Turkey (the country, not the lunch meat) is the 17th biggest economy in the world in terms of GDP.  That's roughly 20% bigger than the next closest country, Saudi Arabia, and 4 times bigger than Greece.  All that to say, Turkey isn't a co... (read more) Housing News Affordability at 10-Year Low, Tariffs and Rate Hikes Made It Worse We now have an unfortunate sign that the recovery is complete. The National Association of Homebuilders (NAHB) says housing affordability is the lowest level since just before the housing crisis hit. The NAHB says the Wells Fargo Housing Opportunity ... (read more) Mortgage Rate Watch Lowest Mortgage Rates in Several Weeks Mortgage rates finally did what they were supposed to do today. Specifically, they fell in response to bond market improvement. That's the way it should be, but over the past two days the typical relationship between bonds and mortgage lenders' rates... (read more) MBS Commentary MBS Live Recap: Good Day For Bonds as PPI Stokes CPI Bets Have you heard the one about the Turkish debt crisis?  Things are pretty bad for Turkey and the currency is indeed in freefall, but until the charts do something different, they're not yet making a compelling case for a "risk-off" connection t... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/3 5:51PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/3 5:51PM EST Latest Video Why American markets just woke up to Turkey's crisis Here's why affordability in U.S. housing market is at record lows July US budget deficit nearly doubles from last year Around the Web Reuters Wall Street sinks as Turkey crisis drags down banks Calculated Risk Blog Sacramento Housing in July: Sales Down 2.2% YoY, Active Inventory up 20% YoY CNBC US budget deficit increases 21%, on track for biggest gap in six years NAR - Realtor.com The Rise of the Fashionable Concrete Home CNBC Why Trump is attacking Turkey NAHB Eye on Housing Half of US Homes Built before 1980 Calculated Risk Blog Early Look at 2019 Cost-Of-Living Adjustments and Maximum Contribution Base Reuters U.S. consumer prices edge up in July CNBC California sees China impact, soft job growth but no sign of recession, say economists Bloomberg Evans Says Fed May Need Higher Rates to Restrict Economic Growth Calculated Risk Blog Merrill: The Return of the Political Business Cycle CNBC Millennials are still crashing with their parents despite the strong economy Calculated Risk Blog Hotels: Occupancy Rate Increased Year-over-Year

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