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

Posted By Scott Anderson In Economic Outlook,Your Home | No Comments

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

Graph of housing starts shows upward trend [1]Homebuilder 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. [2]

Article printed from Bank of the West: https://changematters.bankofthewest.com

URL to article: https://changematters.bankofthewest.com/2014/08/22/u-s-outlook-housing-getting-back-feet/

URLs in this post:

[1] Image: http://blog.bankofthewest.com/wp-content/uploads/2014/08/graph_housing_082214.jpg

[2] Click here to read my full report.: http://blog.bankofthewest.com/wp-content/uploads/2014/08/BankoftheWest_USOutlook_08_22_14.pdf

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