All Posts Tagged: home builders

U.S. Outlook: Sentiment breaks harder, will hard data follow?

Scott Anderson
Chief Economist

Confidence is infectious these days. Many economic surveys are all pointing to a rare outbreak of positivity and growth.

Graph showing recent rise in small business optimism.For more, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Dec. 16.

Key observations:
  • Small businesses are breaking out of their expansion-long funk. The NFIB’s small business index hit a two-year high in November at 98.4.
  • Homebuilding confidence jumped in October, with strong gains in present and future sales and buyer traffic in all regions of the country.
  • However, the hard data released this week on November retail sales and industrial production proved disappointing.
  • We have seen similar bursts of optimism in this expansion’s past that were partially reversed before too long.
Click here to read my full report.

NOTE: The next U.S. Outlook will be published on Jan. 6, 2017.

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Numbers Count: Weekly mortgage data highlights

Wendy Cutrufelli
Mortgage Banking
Quiet street with row of adjoined houses near the sidewalk, at sunset.

Here’s my take on the key numbers on the housing market this week.

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U.S. Outlook: Is housing still on fragile ground?

Scott Anderson
Chief Economist
Housing affordability index - graph

We’re forecasting some improvement in April’s housing sales numbers and see other reasons for near-term optimism.

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Numbers Count: Weekly mortgage data highlights

Karen Mayfield
Mortgage Banking
Man in wheelchair looks on as green home is being built

Although the home builders’ overall index remains weak, more builders in the NAHB latest survey indicated they expect sales prospects to improve over the next six months.

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