Steven Wood
Steven Wood
Steven Woodwas an Australian sprint canoeist and marathon canoeist who competed in the late 1980s and early 1990s. Competing in two Summer Olympics, he won a bronze medal in the K-4 1000 m event at Barcelona in 1992...
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The demand for new housing surged, likely because rising mortgage rates motivated some potential homebuyers to accelerate their buying decisions.
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With last week's Fed tightening, mortgage rates have continued to rise, so that further declines in housing activity are likely over the balance of the year. Nevertheless, robust labor markets and rising incomes have helped sustain housing at a relatively high level.
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While some of the decline was related to the effects of Hurricane Floyd, the fact that all four regions fell suggests that higher mortgage rates are also having a constraining effect.
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Although the level of sales is still relatively high, the solid growth of the past three years has been arrested, helping the Fed's efforts to slow the pace of economic growth. However, mortgage rates have declined over the last six weeks, so further substantial weakness may not be forthcoming.
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Although mortgage rates have declined over the past three weeks, mortgage applications volumes have continued to fall. This is partially due to the flat yield curve and partially due to tighter lending standards by financial institutions.
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Housing fundamentals are deteriorating. Mortgage rates have been flat since the beginning of the year. Job creation and income growth has slowed. Equity markets have plunged over the past year. And consumer confidence has tumbled. Moreover, mortgage applications have trailed off. All of these suggest that home sales should weaken over the next several months.
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Housing fundamentals are deteriorating, ... Mortgage rates have been flat since the beginning of the year. Job creation and income growth has slowed. Equity markets have plunged over the past year. And consumer confidence has tumbled. Moreover, mortgage applications have trailed off. All of these suggest that home sales should weaken over the next several months.
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It confirms that the (Fed) was correct in pausing their tightening cycle at last week's meeting.
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Because of the dramatic shift in job advertising market share from newspapers to the Internet, the help-wanted index has lost much of its luster.
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Because the U.S. economy has slowed more sharply than the international economy, imports have been impacted more than exports, thereby narrowing the trade deficit.
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Because pricing power has disappeared, profit margins will remain under significant pressure.
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It is our family's prayer that both of these gentlemen will become valuable members of this society.Only time will tell with Cam Hall, but we're hopeful that what he says is real.
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The pace of layoffs is rising again, while new hiring has stopped. These trends will likely be extended because of the economic dislocations associated with this week's tragic events.
associated economic extended hiring layoffs likely pace rising tragic trends
The pace of layoffs is rising again, while new hiring has stopped, ... These trends will likely be extended because of the economic dislocations associated with this week's tragic events.