Thu, Oct 18 2012, 10:29 AM
The Harvard Joint Center for Housing
Studies is predicting strong gains in remodeling and home improvement activity
over the rest of 2012 and the ...
Thu, Oct 18 2012, 9:38 AM
Pay no attention to those stories about "Shadow Inventory"!
Apparently that has all been soaked up. Or, at least, builders and the NAR
would like to...
Wed, Oct 17 2012, 12:41 PM
for new single family houses jumped 11.6 percent in September. The seasonally adjusted annual rate rose from
a revised August estimate of ...
Wed, Oct 17 2012, 10:03 AM
"Rob, in the old days, I'd go to conferences and secondary marketing
people would compare their status by comparing guarantee and guarantor fees.
Wed, Oct 17 2012, 2:09 PM
Even though bond markets clearly reacted to Housing Starts
data, the sharp movement still fell within the broader pattern of
Mon, Oct 15 2012, 10:35 AM
Will Basel III be delayed? Maybe! Here is the latest: http://www.bloomberg.com/news/2012-10-11/eu-said-to-weigh-delaying-basel-bank-rules-for-up-to-a-...
Wed, Oct 10 2012, 5:00 PM
The Summary of Commentary on Current Economic Conditions by Federal Reserve District or the so-called Beige Book was released on Wednesday. The doc...
Fri, Oct 5 2012, 3:11 PM
Bill Dudley, president and CEO of the
Federal Reserve Bank of New York and vice chair of the Federal Open Market
Committee (FOMC) told a conference ...
Tue, Oct 2 2012, 10:54 AM
Funders and government workers (not the same!) know that next Monday
is a holiday for many. October - it has Halloween! Wasn't it just the 4th
Mon, Oct 1 2012, 12:31 PM
While overall construction spending fell
in August, both public and private spending on residential construction increased
during the month. The Ce...
Mon, Oct 1 2012, 9:43 AM
This one from an AE in a "red state": Q: Do you know what the
difference is between conservatives and progressives? A: About $16
Tue, Sep 25 2012, 11:07 AM
Home prices as measured by the S&P/Case-Shiller
Home Price Indices rose across the board in July with both the 10- and 20-City
Composites and all...
Thu, Sep 20 2012, 10:22 AM
Don't do the crime if you can't do the time. Here's a loan officer in
Washington facing 10-14 years for falsifying documents .
Will those in the ...
Wed, Sep 19 2012, 11:27 AM
"Rob , how the heck are we supposed to know what any financial asset is
worth? For many years the government has given farm subsidies, sugar cane
Wed, Sep 19 2012, 10:09 AM
Permits for construction of privately-owned
housing dipped slightly in August, down 1.0 percent to a seasonally adjusted
annual rate of 803,000 unit...
Wed, Sep 19 2012, 4:10 PM
Building permits for residential
remodeling were issued at a seasonally adjusted annual rate of 3.14 million in
July, an increase of 6 percent fro...
Mon, Sep 17 2012, 11:57 AM
We, including my old college roommate "Slugbreath," find
ourselves in "Unmarried and Single
Americans Week." The Buckeye Singles Council "National...
Mon, Sep 10 2012, 10:03 AM
One of Coke's slogans several years ago was, "Always
Coca-Cola." Unfortunately for SunTrust, who invested in the company almost
a hundred years ago,...
Wed, Sep 5 2012, 10:40 AM
Yes, most kids are back to school. How many is that? The Census Bureau
reports that there are about 80 million
children and adults enrolled in scho...
Tue, Sep 4 2012, 11:08 AM
Yes, it's Tuesday already - and football season. Wasn't it just Memorial
Day? Here's a quick one told to me by a college football referee in Ohio:
Tue, Sep 4 2012, 4:07 PM
Construction spending was $834.39 billion in July compared
to $842.22 billion in June and $763.47 in July 2011, a decrease of 0.9 percent
from the ...
Thu, Aug 30 2012, 10:18 AM
I can't walk by a magazine stand in a grocery store or an airport without
seeing a bunch of folks on the covers who are either in better shape than I...
Wed, Aug 29 2012, 10:47 AM
Pending home sales rose to the highest
level in over two years last month according to the Pending Home Sales Index
for July released by the Nationa...
Thu, Aug 16 2012, 10:55 AM
Who doesn't like to have a little exercise when they travel? But this
might make some nervous .
This morning we had the weekly Initial Jobless ...
Thu, Aug 16 2012, 10:39 AM
Overall, residential construction
continued to improve in July, although the component numbers on permits,
starts, and completions continue to more ...
Mon, Aug 13 2012, 10:25 AM
I love it when regulators and politicians become upset about the
environment which they've helped create - unintended consequences. One
Tue, Jul 31 2012, 10:45 AM
The home price picture showed further improvement
with the release this morning of the S&P/Case-Shiller Home Price Indices
(HPI) for May. Both th...
Mon, Jul 30 2012, 10:17 AM
"Rob, with the Wells news earlier this month, and FAMC's comp change
last week, I am hearing rumors of all kinds of price and investor changes .
Thu, Jul 26 2012, 10:14 AM
Pending homes sales declined in June,
slipping 1.4 percent on the Pending Home Sales Index released this morning by
the National Association of Rea...
Mon, Jul 23 2012, 10:19 AM
"Rob, do you think that there is any chance that investors will
start lowering their minimum net worth requirements?" In my opinion, no .
In this e...
Wed, Jul 18 2012, 12:16 PM
Housing starts and housing completions
were both up in June according to new residential construction data released
this morning by the U.S. Census...
Wed, Jul 18 2012, 9:56 AM
With the withdrawal of Wells Fargo from the wholesale channel,
correspondent reps from the aggregators are receiving renewed interest from
Mon, Jul 16 2012, 11:17 AM
do·main : Noun - "The right of a government or its agent to expropriate private
property for public use, with payment of compensation."
Thu, Jun 28 2012, 9:19 AM
Remember that scene in Apollo 13 when it dawns on the astronauts that
NASA doesn't know how to get them back? Regarding our economy, one can imagine
Wed, Jun 27 2012, 11:11 AM
Pending home sales in May bounced
back to match March numbers which were the highest seen in two years. The
improvement was broad-based, affecting ...
Wed, Jun 27 2012, 10:14 AM
I have been subtly warning groups during speeches, and writing in this commentary, about the implications of Basel III. Most of the focus is on servic...
Wed, Jun 20 2012, 11:38 AM
Here we are on the day that teenagers everywhere in the Northern Hemisphere
despise: the solstice. The sunrise in Nome is around 4:19AM. Even here in...
Tue, Jun 19 2012, 10:29 AM
Do we really need Congress writing or approving the industry's disclosure
forms? Can't it pick on the rental car agreement forms that no one reads,...
Tue, Jun 19 2012, 9:49 AM
The U.S. Census Bureau and the
Department of Housing and Urban Development reported this morning that permits
for the construction of new privately-...
Tue, Jun 19 2012, 1:13 PM
problems in Europe and the slowing of both the US and Chinese economies,
consumer attitudes have plateaued after several months of improve...
Mon, Jun 18 2012, 10:03 AM
Don't do the crime if you can't do the time. Another ex-exec (the CFO) at
Taylor Bean Whittaker is now going to prison for five years.
Thu, Jun 7 2012, 3:11 PM
Representatives of both the Mortgage
Bankers Association ( MBA ) and the National Association of Home Builders ( NAHB )
testified before the House C...
Fri, Jun 1 2012, 1:01 PM
Despite a slowdown in the public sector, construction spending managed to eke out an increase of 0.3 percent in April. According to data released t...
Tue, May 29 2012, 11:50 AM
Three measures of home prices issued monthly by S&P/Cash-Shiller declined yet again in March. The data released today showed that the national co...
Tue, May 29 2012, 10:01 AM
Freddie aren't the only companies involved in residential mortgage lending to
be seized by the government. Here's a taste of the situati...
Wed, May 23 2012, 12:01 PM
Sales of new single-family houses in April 2012 were at a seasonally adjusted annual rate of 343,000 , according to estimates released jointly toda...
Wed, May 16 2012, 12:10 PM
played golf with Joe Biden last weekend. They were kicked off the course
because every time Obama yelled "Fore", Biden screamed - "More
Wed, May 16 2012, 11:01 AM
Permits for construction of multi-family housing plummeted in
April, offsetting a small increase in single family permits and
dropping the tota...
Mon, May 14 2012, 12:30 PM
the Dali Lama say to the hot dog vendor? "Make me one with
everything." Some LO's out there wish the Lama could fix the pricing on
Wed, May 9 2012, 11:36 AM
I saw a classified ad recently where a person had a vintage French military rifle for sale. The description said "Mint condition, never fired; only d...