Ever since Florida surpassed New York as the third most populous state in the nation, journalists started to document the ways in which the South region of the United States began attracting young sun-lovers enthusiasts. Two factors have been identified as drivers of an apparent migration from the north towards the south. On one hand, … Continue reading Why is America’s center of gravity shifting South and West?
When it comes to loan rates, the one that concerns the most regular consumers is the mortgage loan interest rate. This past February 2016 a 30-year mortgage interest rate averaged 3.66 percent accordingly to Freddie Mac, whereas the homeownership stubbornly kept its 63 percent level. So, with the mortgage interest rates averaging 3.53 percent (15-year … Continue reading Why Is the Homeownership Rate Still Falling? An alternative explanation.
Follow up on US Construction Industry Data. At the beginning of the summer of 2015, both labor statistics on employment levels and US Gross Domestic Product showed a slowdown on job creation coming from construction related activities. Given that the summer represents a time window for developers to build fast thanks to good weather conditions, … Continue reading Follow up on US Construction Industry Data.
Recent news on GDP 2015Q1 have many economists wondering about the possible domestic causes for such a negative growth (-.7%). The U.S. Bureau of Economic Analysis (BEA) did not hesitate in pointing out towards Investment in non-residential structures, which decrease 20%. Perhaps, data on housing market from both Construction Spending and Existing Home Sales might … Continue reading Did the housing market affect negatively economic growth in 2015Q1?
Housing market slowed down by 3.3% in United States during the month of April 2015, the National Association of Realtors reported on May 21st 2015. Lowest levels of sales by price were on the price range below 100K. However, Realtors are confident the housing market will rebound during the summer as they see April’s slow-down … Continue reading Who is holding back the housing market?
Economists have pointed out three contributing factors for the Great Recession. All of them closely related to the financial and banking system: Leverage, complexity, and liquidity (Blanchard, 2013). In this article, we try to advance an alternative interpretation of the origin of the Great Recession by looking at the housing market and to its links … Continue reading Housing building fatigue: an alternative interpretation of the origin of the Great Recession.