U.S. Outlook: Is housing getting back on its feet?

Scott Anderson
Posted by Scott Anderson
Chief Economist

We’re now seeing some of the best housing news of the summer.

Graph of housing starts shows upward trendHomebuilder confidence is rebounding, and that’s just one of the broad-based gains now taking place.

For more on this and other economic developments to watch, see highlights of my weekly economic analysis below, followed by a link to the full U.S. Outlook report, delivered on Aug. 22.

Key observations:
  • The buyer-traffic index jumped 3 points this month, the highest reading so far in 2014.
  • Home purchase applications should recover through the end of this year.
  • Housing starts are the second highest since February 2008.
  • Declining mortgage rates have so far failed to launch a mortgage purchase or refinance applications recovery.

 

Click here to read my full report.

Reminder: All comments are moderated prior to publication and must follow our Community Guidelines.

Submit an Idea

[contact-form-7 id="32" title="Share An Idea"]

You are leaving the Bank of the West Change Matters site. Please be aware: The website you are about to enter is not operated by Bank of the West. Bank of the West does not endorse the content of this website and makes no warranty as to the accuracy of content or functionality of this website. The privacy and security policies of the site may differ from those practiced by Bank of the West. To proceed to this website, click OK, or hit Cancel to remain on the Bank of the West Change Matters site.