NAR study on how student debt influences homeownership

debt

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TMLS market update for August, 2017

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National new home permits and starts for August, 2017

The U.S. Census Bureau released new data today on building permits in August 2017 showing a seasonally adjusted annual rate (SAAR) of 1,300,000, up 5.7 percent from the revised July rate, but up 8.3 percent from August 2016.
Housing starts in August 2017 were at a SAAR of 1,180,000, down 0.8 percent from July 2017, and up 1.4 percent from August 2016.

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Hurricanes influence on drywall prices??

drywall

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Hurricanes influence on lumber prices??

lumber

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Household income metrics for 2016

Median Money

Median household income rose 3.2% in 2016 to $59,039, finally surpassing the previous inflation-adjusted record of $58,665 set in 1999, yes 1999! In addition, the male-female wage gap narrowed from 79.6% in 2015, to 80.5%, and the poverty rate declined to 12.7%. In 2000, it was just 11.3%, close to the record 1972 low of 11.1%. Poverty is currently defined as an income below $24,563 for a family of four.

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2017 HELOC metrics

Bigger Borrowing

After peaking at almost $375 billion in 2005, originations of home-equity lines of credit (HELOCs) plummeted to just $62.5 billion by 2010. Since then they have been steadily rising, and through 1H17 already total $84 billion, suggesting annual volume of close to $200 billion. Despite this rise, new originations are less than repayments. Bank holdings of HELOCs peaked in 2009 at $610 billion and now stand at $387 billion.

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Elliot F. Eisenberg, Ph.D.
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