Tag Archives: U.S. Economy

San Francisco Fed President and CEO John Williams said the effect of Brexit on the U.S. has been modest, but he was not ready to return to his pre-Brexit forecast of two or three rate hikes this year.

The U.K. voted 52 percent to 48 percent to leave the European Union‒‒the much anticipated, but also much feared “Brexit”‒‒in a move that has had immediate effects on global and American markets.

Building 1,000 average single-family homes packs quite an economic wallop, according to the National Association of Homebuilders.

New home sales in April shot up to their highest level since 2008 despite tight inventory. Can they keep it up in May? HUD and Census Bureau will release the results on Thursday.

While nearly everyone was expecting weak GDP growth for the first quarter, the advance estimate reported weaker growth than what was expected.

Residential fixed investment was at its highest level in eight years. How did that figure into the GDP?

Employment numbers are disappointing, inflation remains off target, stocks are volatile, and the overall housing market is running at a slower pace, but William Dudley, President and CEO of the Federal Reserve Bank of New York says things may be better than the current picture shows.

Oil prices continue to decline at rates that were unexpected to many in the housing industry, and while we all certainly enjoy lower gas prices, this may not be good for the general U.S. economy.

October’s healthy job gains of 271,000 reported in the Bureau of Labor Statistics’ (BLS) October 2015 Employment Summary released Friday make a December liftoff by the Fed an extremely likely possibility.

Fannie Mae chief economist and SVP Doug Duncan pointed out that the actuals as far as housing–existing home sales, new home sales, and prices–were either at or very close to their predicted levels during Q1, and mortgage purchase applications have been way up for the last couple of months.