Monthly Archives: October 2016

Hearty Housing While September’s new home sales rate came in below expectations at 593,000/year and August’s number was revised down to 575,000 from 609,000, sales are up 13% YTD. Moreover, the home ownership rate rose from 63.1% in 16Q1 to … Continue reading →

Sales of new single-family houses in September 2016 were 593,000 at a seasonally adjusted annual rate (SAAR), up 3.1 percent from August’s revised rate and up 29.8 percent from September 2015. September sales within the combined counties of Wake, Durham, … Continue reading →

Building permits in September 2016 were at a seasonally adjusted annual rate (SAAR) of 1,225,000, up 6.3 percent from the revised August rate and up 8.5 percent from September 2015. Housing starts in September 2016 were at a SAAR of … Continue reading →

birchmarketupdate10_17_2016

corelogic

Healthy Households US household wealth reached $89.1 trillion in 16Q2, the third straight record setting quarter. Wealth cyclically peaked in 07Q2 at $67.7 trillion, and then declined through 09Q1, bottoming at $54.4 trillion. Relatedly, the 16Q2 US household debt service … Continue reading →