Monthly Archives: August 2017

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 … Continue reading →

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BirchMarketUpdate_08_30_2017

The U.S. Census Bureau announced today that sales of new single-family houses in July 2017 were 571,000 at a seasonally adjusted annual rate, down 9.4 percent from June’s revised rate, and down 8.9 percent from July 2016.

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The U.S. Census Bureau released new data today on building permits in July 2017 showing a seasonally adjusted annual rate (SAAR) of 1,223,000, down 4.1 percent from the revised June rate, but up 4.1 percent from July 2016. Housing starts … Continue reading →

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