Homebuilders Just Had Their Nastiest Seven-Day Run in Two Years

Bloomberg Homebuilders Just Had Their Nastiest Seven-Day Run in Two Years Bloomberg When it comes to the U.S. housing market, James Stack could be forgiven for thinking he's a seer. Like other investors, Stack, who manages $1.3 billion for people with a high net worth, watched housing stocks surge last year. An S&P index of ... and more »...(read more)

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Traders are still expecting two to three rate hikes this year after Fed statement

The Federal Reserve likely remains on track to raise interest rates at least two times this year....(read more)

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D.R. Horton's affordable homes unit to get boost from first-time buyers

(Reuters) - D.R. Horton Inc's creation four years ago of a separate affordable homes business is yielding results as robust economic growth returns confidence to the U.S. housing market, and other homebuilders are now increasingly focusing on the segment....(read more)

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Federal Open Market Committee reaffirms its "Statement on Longer-Run Goals and Monetary Policy Strategy"

Federal Open Market Committee reaffirms its "Statement on Longer-Run Goals and Monetary Policy Strategy"...(read more)

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Fed leaves rates unchanged but gives more aggressive inflation expectations

The markets did not expect the Federal Open Market Committee to hike interest rates at Chair Janet Yellen's final meeting....(read more)

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How financial markets performed during the Yellen Fed years

Fed Chair Yellen leaves her post after four years, and during that time it was smooth sailing for stocks, with tech shares doubling....(read more)

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Fidelity's Jurrien Timmer: The risk to this bull market is an aggressive Fed

The full interview with Jurrien Timmer....(read more)

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Expect to see commodities rise because the dollar will keep falling, analysts say

There's a bright forecast ahead for commodities, with a particular bet on metals as the dollar's future is expected to stay grim....(read more)

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U.S. Raises Longer-Term Debt Sales as Budget Deficit Worsens

President Donald Trump's administration will increase the amount of long-term bonds it sells to $66 billion this quarter, marking the first boost in borrowing since 2009 as the Treasury seeks to cover mounting budget deficits. The Treasury is shaping the government's borrowing plans against a budget shortfall that grew to $665.7 billion last fiscal year because of higher spending on Medicare, Social Security and other programs for an aging population. The gap is expected to widen further due to tax cuts enacted this year that are projected to reduce revenue by almost $1.5 trillion over the ......(read more)

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Consumer protection bureau structure upheld in blow to Trump's deregulation efforts

Consumer protection bureau structure upheld in blow to Trump's deregulation efforts<br/>http://ift.tt/2EqQyQ7read more)

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ADP: Private Employment increased 234,000 in January

From ADP: Private sector employment increased by 234,000 jobs from December to January according to the January ADP National Employment Report®. ... The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. ... "We've kicked off the year with another month of unyielding job gains," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "Service providers were firing on all cylinders, posting their strongest gain in more than a year. We also saw robust hiring from......(read more)

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ECB won't be too hasty in ending bond buys: Coeure

DUBLIN (Reuters) - The European Central Bank will not be too hasty in ending its 2.55 trillion euro ($3.17 trillion) bond purchase program as inflation is still not moving decisively toward its target, executive board member Benoit Coeure said on Wednesday....(read more)

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Lawmakers question price tag of Trump's SOTU infrastructure pitch

President Donald Trump made a fresh plea Tuesday night for bipartisanship on rebuilding the nation's crumbling roads and bridges. But lawmakers in both parties left his State of the Union still wondering about how Trump wants to pay for it....(read more)

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BOJ hoses down market speculation of early stimulus exit

OITA/TOKYO, Japan (Reuters) - The Bank of Japan ramped up efforts to dispel market speculation of an early withdrawal of its massive stimulus, boosting its bond buying plan on Wednesday and reassuring markets that monetary policy will remain ultra-loose given meager inflation....(read more)

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Fed expected to leave rates unchanged, may sound hawkish after Yellen's final meeting

The Federal Reserve may sound a bit more hawkish, as Fed Chair Janet Yellen's tenure comes to an end....(read more)

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Three events in the next 24 hours that could determine whether the sell-off continues

The stock market's biggest enemy this week has been rising interest rates, and there are three big events coming up that could push rates higher....(read more)

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ECB's Knot Says QE May End With Short Taper After September

ECB's Knot Says QE May End With Short Taper After September Bloomberg European Central Bank Governing Council member Klaas Knot said he backs the view that quantitative easing probably won't come to a sudden halt. "It's perfectly reasonable for the asset-purchase program to come to an end after September with a short ... and more »...(read more)

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Dollar May Get Treasuries Lifeline, But Only If Yields Crack 3%

Bloomberg Dollar May Get Treasuries Lifeline, But Only If Yields Crack 3% Bloomberg The 10-year Treasury yield needs to crack at least 3 percent before interest rates provide "meaningful" support for the dollar, according to Eurizon SLJ Capital Chief Executive Officer Stephen Jen. While the Treasury benchmark has climbed about 30 ... and more »...(read more)

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This Is the Best Time of Year to Rent

In the 10 largest U.S. metros, apartments were on average 3.9% cheaper to rent in the winter than in the more competitive summer months, a study found. The post This Is the Best Time of Year to Rent appeared first on Real Estate News & Insights | realtor.com® ....(read more)

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If the market's drop turns into a correction, history says hide out in gold, bonds

When the market falls and volatility rises, investors should hide in bonds and gold, according to CNBC analysis....(read more)

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This stock market drop is about one thing: fear of rising interest rates

As the Fed meets, stocks are having a tantrum over rising interest rates that could result in the deepest sell off since the correction after Brexit....(read more)

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Mnuchin Says His Dollar Policy Isn't Aimed at Jawboning It Lower

Bloomberg Mnuchin Says His Dollar Policy Isn't Aimed at Jawboning It Lower Bloomberg Steven Mnuchin, U.S. Treasury secretary, speaks during a Senate Banking, Housing and Urban Development Committee hearing in Washington, D.C., on Jan. 30. Photographer: Andrew Harrer/Bloomberg. The U.S. currency policy used to be just a few words: A ... and more »...(read more)

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Freddie Mac: Mortgage Serious Delinquency Rate Increased Sharply in December

Freddie Mac reported that the Single-Family serious delinquency rate in December was 1.08%, up sharply from 0.95% in November. Freddie's rate is up from 1.00% in December 2016. Freddie's serious delinquency rate peaked in February 2010 at 4.20%. These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  Click on graph for larger image This increase in the delinquency rate was due to the hurricanes - no worries about the overall market - and we might see a further increase over the next month or so (These are serious delinquencies, so it takes......(read more)

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Another Top-10 List — Where Millennials are Buying Homes

Contrary to popular opinion, Millennials are buying homes today and the rate of homeownership among the demographic is going no place but up in the long run as they age.  Since 2016, Millennials have been the top homebuyer demographic cohort in the U.S. according to the National Association of Realtors® (NAR).  In the latter half … Read more...(read more)

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Wall Street hit by rising bond yields, sinking health stocks

(Reuters) - U.S. stocks fell for a second straight day on Tuesday, with the Dow Jones Industrial Average tumbling as much as 352 points, hammered by a rise in bond yields and a decline in healthcare companies....(read more)

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HVS: Q4 2017 Homeownership and Vacancy Rates

The Census Bureau released the Residential Vacancies and Homeownership report for Q4 2017. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates.  However, there are serious questions about the accuracy of this survey. This survey might show the trend, but I wouldn't rely on the absolute numbers.  The Census Bureau is investigating the differences between the HVS, ACS and decennial Census, and analysts probably shouldn't use the HVS to estimate the excess vacant......(read more)

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Treasury Refunding Announcement Is a Rare Nail-Biter for Traders

Bloomberg Treasury Refunding Announcement Is a Rare Nail-Biter for Traders Bloomberg The U.S. Treasury's quarterly refunding announcement on Wednesday is shaping up to be the most interesting in years. Everyone with an opinion expects the department to boost the sizes of at least some auctions in February to accommodate a growing ... and more »...(read more)

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US January Consumer Confidence index 125.4 vs 123.1 expectations

Consumer optimism...(read more)

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Bond expert predicts a ‘wall of buying' in Treasurys will protect the stock market

Analysts at Morgan Stanley, Deutsche Bank and Societe Generale agree that yields have room to run higher....(read more)

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Market Euphoria May Turn to Despair If 10-Year Yield Jumps to 3%

Bloomberg Market Euphoria May Turn to Despair If 10-Year Yield Jumps to 3% Bloomberg It's getting harder and harder to quarantine the selloff in Treasuries from equities and corporate bonds. The benchmark 10-year U.S. yield cracked 2.7 percent on Monday, rising to a point many forecasters weren't expecting until the final months of ... and more »...(read more)

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Trump advisor Cohn; President to focus on $1.5 trillion infrastructure plan tonight

President Donald Trump, in his State of the Union speech, plans to discuss a $1.5 trillion infrastructure plan, White House economic advisor Gary Cohn said....(read more)

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Janet Yellen's Fitting Finale: Fed Plans to Stand Still

The Federal Reserve is expected to leave interest rates unchanged at Janet L. Yellen's final meeting as the Fed chairwoman. Harder choices lie ahead....(read more)

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Equifax free credit-protection offer ends Jan. 31

While it doesn't hurt to take advantage of the Equifax credit-protection service, they only offer partial protection against identity theft....(read more)

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NMHC: Apartment Market Tightness Index remained negative for Ninth Consecutive Quarter

From the National Multifamily Housing Council (NMHC): Apartment Markets Remain Soft in the January NMHC Quarterly Survey Apartment market conditions continued to soften according to results from the January National Multifamily Housing Council's (NMHC) Quarterly Survey of Apartment Market Conditions. The Market Tightness (36), Sales Volume (40) and Debt Financing (38) Indexes landed below the breakeven level of 50, while the Equity Financing Index increased to 58. In addition, the survey found that half of respondents expect green financing to increase in 2018. "The latest survey results......(read more)

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Markets are waging a tug-of-war between record earnings and rate hike worries

Stocks took a breather from the record rally today, but earnings and Fed policy are still top of mind for investors....(read more)

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Saving Rate Hits the Lowest Level Since 2005

The US saving rate dropped to 2.4%, according to the most recent data release from the Bureau of Economic Analysis. It is the lowest level since September 2005 and a direct result of US consumer spending rising faster than income. It has been on the downward path since 2016 when rising consumption contributed to fueling economic growth. Personal consumption expenditures... Read More ›...(read more)

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Rising interest rates knock stocks, but this isn't the big move that will kill the rally — yet

Stocks may finally be heeding the bond market's warnings, but strategists do not see the jump in interest rates as the move that will kill the stock rally....(read more)

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The Fed will cause a stock market correction this quarter, investment bank Stifel predicts

Stocks will experience a correction this quarter as the Fed leads other central banks in tightening policy, Stifel says....(read more)

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Making strong housing markets affordable with private, public, and long-distance partners

Over the past couple of years, many have made the case for creating and preserving affordability in strong and strengthening housing markets. These opportunity areas provide access to better jobs, schools, and transit-especially in contrast to areas of concentrated poverty-and moving to better areas improves education, earnings, and overall life chances. However, living in those…                ...(read more)

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House Financial Services Committee to hold Jan. 30 hearing on fintech marketplace

On January 30, 2018 at 10 a.m., the Financial Institutions and Consumer Credit Subcommittee of the House Financial Services Committee will hold a hearing, “Examining Opportunities and Challenges in the Financial Technology ("Fintech") Marketplace." The Committee Memorandum states that the hearing “will examine the current regulatory landscape [for fintech], the need to amend or modernize... Continue Reading…...(read more)

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Mortgage rates jump to the highest point in 4 years, an ominous sign for spring housing

Home prices continue to leap higher due to a supply crisis, but now a surge in mortgage rates will make buying a home even more expensive....(read more)

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Dallas Fed: Manufacturing Expansion Solid in January

From the Dallas Fed: Texas Manufacturing Expansion Continues Texas factory activity continued to expand in January, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, remained elevated but retreated to 16.8 after surging to an 11-year high in December. Most other measures of manufacturing activity also pointed to somewhat slower growth in January after the rapid expansion seen in December. The new orders index moved down from 30.1 to 25.5, and the growth rate of orders index fell six......(read more)

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Powell Era Arrives as Fed's Gradual Pace Looks Ripe for Rethink

Bloomberg Powell Era Arrives as Fed's Gradual Pace Looks Ripe for Rethink Bloomberg The American labor market is sizzling, inflation more broadly in the U.S. looks like it's perking up and even a decade-long global economic recovery looks ready to shift into a higher gear. No pressure, Jerome Powell. As Janet Yellen prepares to step ... and more »...(read more)

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Concentration of Immigrant Workers across Construction Occupations

As the housing industry gains momentum and the demand for workers increases, labor shortages top the list of the crucial impediments to robust housing recovery. As native-born workers are slow to return to the construction industry, the role and share of foreign-born workers has been rising since the housing recovery got underway. Immigrant workers now account for close to one... Read More ›...(read more)

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Personal Income increased 0.4% in December, Spending increased 0.4%

The BEA released the Personal Income and Outlays report for December: Personal income increased $58.7 billion (0.4 percent) in December according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $48.0 billion (0.3 percent) and personal consumption expenditures (PCE) increased $54.2 billion (0.4 percent). ... Real PCE increased 0.3 percent. The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.2 percent. The December PCE price index increased 1.7 percent year-over-year and the December PCE ......(read more)

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Bank of Japan's Kuroda Says Inflation Finally Close to Target

Bloomberg Bank of Japan's Kuroda Says Inflation Finally Close to Target Bloomberg Japan's inflation is finally moving close to the Bank of Japan's 2 percent target, Governor Haruhiko Kuroda said at Davos on Friday. "There are some indications that wages are actually rising, and some prices have already started to rise and even ... and more »...(read more)

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Praet Says ECB Is Some Distance Away From Meeting Inflation Goal

Bloomberg Praet Says ECB Is Some Distance Away From Meeting Inflation Goal Bloomberg The European Central Bank still has a way to go before inflation is on track toward its goal, so policy will need to remain patient and persistent, Executive Board member Peter Praet said on Monday. Praet, who presents policy proposals at Governing ... and more »...(read more)

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A fire sale by the Treasury could send shock waves through the bond market, strategist warns

Wells Fargo's Michael Schumacher detects a big risk in the bond market....(read more)

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Bond Traders' Wild Ride in 2018 Is About to Kick Into Overdrive

Bloomberg Bond Traders' Wild Ride in 2018 Is About to Kick Into Overdrive Bloomberg You've traded on inflation data and the prospect of rising sovereign-debt supply. You've wagered on Federal Reserve meetings and what the next chairman might do. And you've bet on jobs and wage growth that exceed or miss targets. Now try doing it all ... and more »...(read more)

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Trump's performance at Davos was calming, critics say

Not the "combative, loud Trump," the president "calmed the room with his speech" at Davos, critics say....(read more)

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