NAR study on how student debt influences homeownership

debt

Advertisements

TMLS market update for August, 2017

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.

Hurricanes influence on drywall prices??

drywall

Hurricanes influence on lumber prices??

lumber

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.

SHARE THIS:
Elliot F. Eisenberg, Ph.D.
GraphsandLaughs, LLC
elliot@graphsandlaughs.net
Cell: 202.306.2731
http://www.econ70.com

Subscribe

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.

SHARE THIS:
Elliot F. Eisenberg, Ph.D.
GraphsandLaughs, LLC
elliot@graphsandlaughs.net
Cell: 202.306.2731
http://www.econ70.com

Subscribe