U.S. Outlook: Is housing getting back on its feet?
We’re now seeing some of the best housing news of the summer.
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.