Monthly Archives: March 2016

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Sales of new single-family houses in February 2016 were 512,000 at a seasonally adjusted annual rate (SAAR), up 2.0 percent from January’s revised rate but down 6.1 percent from February 2015. • New Residential Sales (February 2016).pdf February sales in … Continue reading →

Mortgage Money Mortgage equity withdrawal as a percentage of disposable personal income peaked at 6% in 1985. It then steadily declined, bottoming out at 0% in 1994. It then reversed direction, peaking at 9% during the three years ending June … Continue reading →

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Record Recoveries Since the end of WWII, the average recession has lasted 11.1 months and the average recovery, 58.4 months. The Great Recession was 18 months, the longest recession since 1929. The recovery, now in its 81th month, is the … Continue reading →

Few Fired This past week, for the 54th week in a row, fewer than 300,000 persons sought new unemployment benefits, the best such streak since the 17-month period ending 1/5/74! The current streak just surpassed the 50 week dotcom sub … Continue reading →

Building permits in February 2016 were at a seasonally adjusted annual rate (SAAR) of 1,167,000, down 3.1 percent from the revised January rate but up 6.3 percent from February 2015. Housing starts in February 2016 were at a SAAR of … Continue reading →

Family Finances Household liabilities peaked in Q3/08 at $14.3 trillion. They then declined, bottoming at $13.3 trillion in Q3/12. They have steadily risen since and are now $14.2 trillion. As a percentage of GDP, household liabilities peaked at 98.2% of … Continue reading →

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